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Day: December 1, 2008
December 12008
New Forex Tool Risk and Reward Calculator
A new on-line Forex toll was added to my site today. Its a calculator for the risk and reward levels and ratio based on the Fibonacci retracements. To use this tool you just need to enter the values for the local maximum and minimum levels and the current price. It automatically calculates the 0.382 and 0.618 Fibonacci retracements and offers the recommended take-profit and stop-loss levels […]
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December 12008
Dollar Grows While Construction Spending and Manufacturing ISM Tumble
EUR/USD continued to decline today after falling through the second half of the last week as the demand for the low-risk U.S. dollar and Japanese yen rose. The fundamental indicator that were released in U.S. today signaled nothing positive for the global economy, thus helping the EUR/USD bears. The currency pair is currently trading near 1.2633. Construction spending decreased by 1.2% […]
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December 12008
Chinese Yuan Depreciates to July’s Levels
The Chinese yuan fell to the weakest level since August today as the countrys government continued to manipulate its currency before the scheduled meeting with the U. S. Treasury Secretary. The reference rate, set by the Peoples Bank of China, allows 0.5 percent deviation in the either side during the daily yuan trading session. Today the rate was set to the lowest level since August 2008 and the […]
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