Day: July 3, 2009

July 3
2009

Mexican Peso Ends Week Down on Poor Economic Data

The Mexican peso, a currency which is highly dependent on United States economic conditions, had the first decline in three weeks as American unemployment figures increased concerns regarding the nation’s recession depth. The Mexican currency posted the first negative performance in three weeks, falling 0.3 percent against the U.S. dollar, even if it can be considered as a slight decline, it shows that the U.S. negative numbers during the week […]

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July 3
2009

Brazil’s Real Pared Weekly Losses on Exports Data

The Brazilian real, which started the week with a bearish movement due to rising concerns regarding the global slump depth, recovered its losses on favorable domestic economic reports. The Brazilian currency lost against all major traded currencies in the beginning of the week, as government and news agencies statements suggested that the global recession will still be a part of the world economic scenario for longer than predicted, damping demand for emergent markets assets. […]

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July 3
2009

Pound Drops on Negative Service Industry Data

The British currency is heading for the firstly weekly decline against the dollar in a month, after a report released today indicated a less significant service sector growth for the month of June. The pound had a negative week overall as the British economy contracted beyond expectations in the first quarter, making it to lose ground against the euro, and versus the dollar, as the optimism towards […]

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July 3
2009

Recession Concerns Sets Dollar to Weekly Gain

The dollar is coming to this week’s end advancing against the euro and the pound, after a U.S. report indicated more job cuts than predicted, raising concerns that the global slump may be prolonged for an undetermined amount of time. The Dollar Index climbed for a second day in a row, being the U.S. jobs report the main reason to provide support for a certain level of pessimism […]

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July 3
2009

Detect Chart Extrema with Improved ZigZag Indicator

You’ve probably seen the standard MetaTrader ZigZag indicator that is capable of drawing lines from one chart extremum to another. It looks good and neat but it has two disadvantages: it’s not very accurate and it also has a bad delays for detection, because it is quite linear in its nature. This new improved version of the ZigZag indicator does the same — draws the lines between the chart’s extrema, […]

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