The Brazilian real had one of the best weeks in more than 2 months as demand for commodities and emergent markets assets rose globally, maintaining the real as the best performing currency in 2009 among the 16 main traded ones in foreign-exchange markets. The real extended its gains this week flirting with the $1.70 level as risk appetite was strong during most of the previous 5 days, even if rising speculations that the national […]
Read moreThe South African rand was the best performing among 16 main traded currencies in foreign-exchange markets, as demand for metallic commodities exported from the African nation rose globally, increasing their rates and influencing positive the rand’s price and attractiveness. This week gold and platinum, the biggest South African metal exports rose significantly as risk appetite reigned during most of the past five days, providing support for the rand to top the rank of best […]
Read moreEUR/USD trend: hold. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: hold. GBP/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4384 1.4505 1.4676 1.4797 1.4967 1.5088 1.5259 GBP/USD 1.5995 1.6128 1.6369 1.6502 1.6743 1.6876 1.7117 USD/JPY 87.22 88.33 89.09 90.20 90.97 92.08 […]
Read moreThe new position system of MetaTrader 5 (no-hedge FIFO) is quite different from what the Forex traders used to see in MT4. It spurred many flame wars on various Forex-related forums and made many worthy traders believe that trading with new MT5 adds extra costs to trading (in a form of spread or commission) due to the additional required orders/positions. Some traders also believe that having only one position […]
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