Day: October 22, 2009

October 22
2009

Bank of Canada Pushes Loonie Down

After trading near parity with the U.S. dollar this month, the Canadian dollar was pushed away from equality with the greenback as the national central bank published a report on the subject, as well as stocks and commodities declined today. Several events extended losses for the Canadian dollar versus most of the 16 main traded currencies, specially the pound and the U.S. dollar, starting with Bank of Canada declaration suggesting that interest rates will […]

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October 22
2009

Dollar Down from Record High on Chinese Economic Concerns

The U.S. dollar rose after extending once again its record high for 2009 after China missed slightly its quarterly growth forecasts, and economic stimulus in the country will continue for a certain amount of time, suggesting the country is not so recovered as previous expected. The euro fell below $1.50 against the dollar after touching the highest rates in 14 months in a movement that can be interpreted as corrective, since stocks […]

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October 22
2009

Another Correction After Another Gaining Day on EUR/USD

EUR/USD is now finishing its third correction-after-gain 2-day pattern on the chart as the U.S. job data inspired bearish speculations for the stock markets’ correction. The currency pair is now trading near 1.4983 after setting its new yearly record at 1.5045. Initial jobless claims increased from 520k to 531k last week, while the average forecast was near 515k for this basic unemployment indicator. Leading indicators index […]

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October 22
2009

My Experience with MetaTrader 5 Indicator Coding

I’ve had my first experience with the MetaTrader 5 indicator coding. It took me two days to rewrite one of my old MT4 indicators to MT5 (actually it was rather a conversion from MQL4 to MQL5). It wasn’t very easy — in fact I’ve expected some sort of backward compatibility, albeit limited, from new MetaTrader platform or some tool from MetaQuotes Software that would do the code conversion […]

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October 22
2009

Mexican Peso Climbs on Government Reforms

After a part of the 2010 budget was approved by the government, confidence towards the Mexican economy improved, attracting investors to the Latin American emergent market and influencing positively the peso rates. The Mexican lower house budget approval led speculators to believe that the congress will pass necessary reforms to adjust Mexico’s fiscal situation, improving the Latin American country confidence among investors regarding the economic outlook in the region for 2010, fact which […]

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October 22
2009

Brazil Real Rebounds on Optimism

The Brazilian real posted sharp gains today after several negative sessions on speculations that the country’s economic strength will induce central bankers to raise interest rates in the country, attracting more foreign investors. The real lost significantly this week after the Brazilian government approved a new law taxing foreign investment on stocks, as an attempt to shun international investors that were causing the real to rally significantly, affecting Brazilian exporters. […]

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