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Day: April 11, 2008
April 112008
MetaTrader Indicators Update
Two new MetaTrader indicators are now available for download from my site. Both indicators come from forex-tsd.com forums. They are very different, but they both looked quite interesting and useful to me. Murrey Math Line X indicates a set of support and resistance lines that can be used similarly to the common pivot points. It consists of 8 different lines, each representing a certain pivot […]
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April 112008
Chile to Buy U.S. Dollars to Weaken Peso
The Central Bank of Chile will be buying the U.S. dollars in 2008 in order to stimulate the economy by the weaker national currency. This year, starting April 14 Chiles central bank will be buying $50 million every day on the Forex market to increase the overal countrys currency reserves from current $18 billion to $26 billion. This step is rather controversial as the weakening of the peso will spur the consumer prices, while the […]
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