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Day: October 23, 2009
October 232009
Canadian Dollar Down on Central Bank Pressure
After trading near parity with the U.S. dollar in the beginning of the week, the Canadian dollar fell sharply after the national central bank stressed on the problems a strong currency could cause to the economic recovery of the North American nation. The Canadian dollar had its first weekly loss versus its U.S. counterpart in 4 weeks after the Bank of Canada pointed that a strong currency could influence negatively the future of the Canadian economy, raising […]
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October 232009
Dollar Gains on Federal Reserve Speculations
The dollar had a good performance versus the yen and several other currencies on speculations that the Federal Reserve will consider interest rate hikes before than previously announced. The dollar gained the most versus the British pound and the Japanese yen after Philadelphia Fed President Charles Plosser affirmed on an interview that his instincts for raising interest rates could arise earlier, raising speculations that interest rate hikes are already […]
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October 232009
Risk Appetite Sets Yen Down
The yen had a weak performance today losing versus most of the 16 main traded currencies towards the end of this week’s session as increased risk appetite has shunned traders from its safety to seek higher-yielding possibilities in emergent markets and commodity-linked countries. The euro gained versus the yen today after a report indicating that German business confidence touched the highest level in 13 months was published, attracting investors to higher-yielding […]
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October 232009
U.K. Persistent Recession Sets Pound Down
The U.K. fell “vertically” today after quarterly gross domestic product figures were published in London, signaling that the national central bank will have to extend its measures to help Great Britain on its way out of recession, decreasing attractiveness for the pound, which fell drastically. The pound fell from a one-month high versus the U.S. dollar, and declined significantly versus the euro, after negative U.K. quarterly GDP figures surprised […]
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October 232009
The Biggest Problem of MetaTrader 5?
Trying to convert one of my MT4 expert advisors to MT5 I’ve finally realized what probably the biggest problem of new MetaTrader 5 platform is — the positions are now limited to one per Symbol (currency pair). In fact, the position can now be identified purely by its currency pair. That means that you can have only one position open at the same time, for example, one on EUR/USD, one […]
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October 232009
South African Rand Down on Press Speculations
The South African rand had the worst performance among 16 main traded currencies today after a news agency affirmed that the national central bank intended to intervene massively stopping the rand to fluctuate, causing a negative impact in the rand rates today. After the Sake24 financial news services suggested that the government planned to freeze the rand fluctuations, the South African currency declined massively, even if the government declined such plan […]
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October 232009
Swedish Krona on Interest Rate Forecasts
The Swedish krona fell today after the national central bank maintained interest rates at a record low, indicating that the Nordic economic will require further stimulus to recover from the current recession. Riksbank, the national banking institution of Sweden, not only left its benchmark interest rates unchanged but also declared that low levels will remain until next autumn, decreasing attractiveness for the krona since lower interest […]
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