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Day: April 16, 2008
April 162008
EUR/USD Comes Closer to 1.6000
The U.S. dollar fell down to another historical minimum level against the euro today, as the strong technical resistance has been breached and the fundamental economic statistics in U.S. has failed to keep the USD up on the Forex market. Apart from the bad data from the U.S. housing sector and the commercial crude oil inventories, additional fundamental pressure was applied […]
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April 162008
Minor Fixing in MT4 Indicators
Due to some new code processing rules in the fresh versions of the MetaTrader 4 platform (I don’t know exactly from which build they’ve changed it) some of the indicators on my site stopped working right or just started to show errors in the platform’s log. Thanks to some conscious visitor, who notices the error and contacted me about it, I’ve corrected this issue with all three indicators that had such problem: Aroon Up & Down, Beginner, Float. I guess you’ll have to download […]
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April 162008
Bearish U.S. Fundamentals Help Euro Bulls
U.S. fundamental statistics, that were released today in abundance, appeared to be worse than the market analysts expected. It helped the EUR/USD currency pair to reach its new absolute maximum value at 1.5968 and kept dollar bearish also against the other major currencies. CPI (Consumer Price Index) rose 0.3% in March at the same pace as expected. In February this indicator was at 0%. Housing starts and […]
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April 162008
Italy, France Unite against Strong Euro
Italys soon-to-be newly elected prime minister, Silvio Berlusconi, pledged to ally with the president of France, Nicolas Sarkozy, in his strife to persuade ECB to weaken the united Europes currency by the means of the intervention. Concerned with the weakness of the Italys exporters, Berlusconi is aiming to eliminate the prime reason for this the dollar-euro rate imbalance: A very strong euro is hurting Italys economy. I will discuss intervening with the […]
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