Day: July 21, 2009

July 21
2009

Canadian Dollar Declines on Stocks, Crude Oil

The loonie posted the first losses against its U.S. counterpart as stock fell today and the crude oil barrel declined, affecting directly the Canadian dollar outlook. The Canadian currency has been gaining heavily versus its U.S. counterpart as risk appetite pushed stocks and commodities up, favoring the loonie’s outlook. Today, for the first time in […]

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July 21
2009

Dollar Rebounds on CIT Group Concerns

The U.S. currency rebounded versus several currencies after bottoming at a six-week low versus the euro, as speculations that the CIT Group may file for bankruptcy boosted demand for safety. The dollar climbed versus most of the currencies after two weeks of losses on a strong wave of risk appetite that pushed investors to high-yield currencies, damping demand for the relative safety of the greenback. Concerns that the CIT Group Inc. will file for bankruptcy reappeared today, […]

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July 21
2009

Swiss Central Bank Attempts to Control Franc Gains

The Swiss central bank widened its foreign currency holdings in order to prevent the national currency to continue its rally, being the current foreign reserves in Switzerland the highest in twelve years. The Swiss National Bank is struggling to prevent the franc to rally, as the demand for the Swiss currency has been on the rise since the first quarter of the year. The national foreign […]

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July 21
2009

Pound Slides Versus Majors on Public Deficit

The pound dropped today versus the euro and the dollar, before a report, that even if did not come with extremely pessimist numbers, indicated a considerably high public deficit in the country, suggesting that the government may struggle to stabilize the nation’s finances. The pound slid versus several currencies after posting multiple days of positive performance mainly against the greenback, but also […]

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July 21
2009

Expert Advisor Based on MACD Patterns

Another MetaTrader expert advisor was added to my site today — MACD Pattern. It’s based on the MACD patterns (Moving Average Convergence/Divergence), specifically for EUR/USD H4 chart. It shows quite interesting back-test results but, unfortunately, has also two major problems. First, it has more than 27% maximum relative drawdown (that’s more than $6,000 drop during one moment). Second, it doesn’t explicitly control bar opening and uses stop-loss and take-profit levels, which means […]

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