Day: November 10, 2009

November 10
2009

Crude Oil Above $80 Forces Canadian Dollar Up

Canada is one of the main suppliers of oil to the United States, and as the barrel passed the $80 dollars mark, the Canadian currency found support to extend previous gains as investors return to purchase assets in Canada, favoring the loonie in currency markets. Despite the Bank of Canada position against a strong loonie, the Canadian currency is rallying once again as the crude oil, one of the nation’s main export is extending its rally after it touched […]

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November 10
2009

Chilean Peso Hits Record High on 2010 Growth Report

The commodity export driven economy of Chile is set to growth more than previously expected for the next year in a report published today that helped the national peso to reach the highest level in 2009 versus the U.S. dollar. The Chilean peso managed to reach the highest rate in 15 months today after the national central bank affirmed through a report that the economy may grow as much as 4.4 in the next year, indicating that the vigorous […]

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November 10
2009

Dollar Rises From Record Low

After being traded at the lowest level in 15 months yesterday, the greenback rebounded mainly versus higher-yielding options, as traders indicated that the U.S. currency devaluation could be too high and not compatible with domestic and global economic fundamentals, giving a breather to the greenback. The dollar managed to pare some of its losses today as market sentiment shifted from yesterday’s strong bullish pattern, as well as some major rivals for the greenback had […]

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November 10
2009

Pound Declines on Pessimistic Credit Rating

The Pound fell versus most of 16 main traded currencies after one of the most respected financial institutions in the world affirmed that the credit situation in the U.K. remain as one of the most delicate among the wealthy nations, decreasing attractiveness for the British currency. Attractiveness for U.K. assets and currency suffered a negative impact today as Fitch Ratings affirmed that the situation in the Great Britain is the least optimistic among countries rated by the Fitch Group as AAA, […]

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November 10
2009

Triple Rollover on Wednesday

When the Forex brokers hold your position without making a physical delivery of currency (cash) to you, they should be paying an interest rate on your position. This interest rate is applied at the end of each day (17:00 EST) on all your open positions and is called rollover. This rollover interest rate is based on the difference between the central bank’s reference rate of the bought and sold currencies. For long AUD/JPY […]

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November 10
2009

Displaying Variable Spread on Chart

Enough with the conversion of the old MT4 indicators to MT5. I’ve decided to add something new today. One of my site’s visitors asked me to make some working MT5 indicator that would display the spread on the chart (which is really useful for variable spreads). I’ve created this indicator both for MetaTrader 4 and 5 platforms. You can use it to be always able to see the real actual spread on the currency […]

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