Day: September 14, 2009

September 14
2009

Mexican Peso Declines on U.S. Trade Dispute

The Mexican currency declined today after a series of international events affected the peso negatively, as the crude oil declined and China entered a trade dispute with the United States. After China started a probe with the U.S. concerning automotive and dairy products trading, the Mexican peso declined, as most of the events regarding the United States commercial status affect the Mexican currency intensively, since the U.S. is Mexico’s main trading partner. The crude oil […]

Read more
September 14
2009

IPOs Optimism Fuel Brazil’s Real

The Brazilian currency proceeded with its previous week gains as optimism in the country’s equities markets rose, as new initial public offerings are likely to attract international capital to the Brazilian economy. The Brazilian real started the week gaining more than 1 percent versus the greenback and climbing further versus most of the 16 main traded currencies as optimism regarding the wealthiest South American nation rose, considering that more than 5 […]

Read more
September 14
2009

Pound Declines on Real Estate Pessimism

The pound started the week losing versus most of major traded currencies around the world as speculations suggested that the crisis in the real estate sector will continue in 2010, decreasing attractiveness for the U.K.’s currency in foreign exchange markets. After Ernst & Young LLC’s Item Club statements declaring that house prices in the U.K. will continue to decline next year, the sentiment towards the British currency was affected, making the pound to decline […]

Read more
September 14
2009

Protectionism Speculations Fuel Yen’s Rally

The yen, known for its safety profile, climbed further in the beginning of this week versus the euro as several other currencies as speculations suggesting that protectionist measures may be taken in trade between China and U.S., fact which if confirmed, would slower the global economic recovery. A rather unusual fact marked the start of this trading week as China entered a dispute with the U.S. regarding an alleged damping of North American automotive […]

Read more
September 14
2009

The Most Popular Forex Indicator?

Indicators are great tools that allow forming trading strategies and systems in Forex. They present an easy-to-understand visual form of what’s going on in the market (on the chart, actually) without requiring a trader to perform various rather difficult and time-consuming calculations. Modern trading platforms, like MetaTrader 4, allow traders to create their own indicators, but there are several popular standard indicators that are used by the online traders on any […]

Read more