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Day: November 20, 2009
November 202009
South African Rand Down on Rally Concerns
The South African rand had the first week of decline this month as speculations suggested that the currency’s rally could be a problem for the country’s economic future. After gaining more than 25 percent this year versus the U.S. dollar and ranking among the top emergent market currencies in foreign-exchange markets, discussions among politicians and the central bank regarding the rand’s level started to emerged, forcing a decline for the South African currency this […]
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November 202009
Canadian Dollar to Tumble Further?
The Canadian dollar is ending this week’s session as the worst in more than two months as stocks and commodities, extremely influential to determine the rates and sentiment for the loonie dropped, setting the North American currency losing streak further down. In a strong risk averse session where safe refuge currencies like the U.S. dollar and the Japanese yen were the best performers, the Canadian dollar weakened not only against those, but versus a number […]
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November 202009
Dollar Advances on Stocks Weak Performance
The dollar gained versus most of the 16 main traded currencies today as speculations surged that current levels for stocks are not backed by fundamental evidences, forcing equities down and bringing investors to purchase Treasury bonds to protect their portfolios. Refuge currencies had the best performance today as most equities markets in Asia and Europe tumbled, attracting traders to inject capital towards safety, providing support for the greenback and the yen to extend […]
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November 202009
Expert Advisor for AUD/JPY Strategy
Today I added my first MT5 expert advisor to EarnForex.com — AUD/JPY Wednesday 15:00 EA. This EA expert advisor is an implementation of the previously mentioned Forex trading strategy for AUD/JPY. Of course, this EA goes not only in MT5 but also in MT4 version. Both versions look quite equal, but I couldn’t backtest MT5 version because the strategy tester is still absent there. Though, I’ve forward-tested MT5 […]
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