Day: November 27, 2009

November 27
2009

Brazil’s Real Down on Dubai World Debt

The Brazilian currency was one of the multiple affected by a Dubai debt payment delay, setting the emergent market real to the third consecutive losing week versus the greenback. Dubai World, a government owned investment company affirmed yesterday that its debt payments will be delayed, causing a risk off session today in currency markets, affecting mostly commodity exporter and emergent markets currency, forcing the real down as it fall in both […]

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November 27
2009

Ruble Declines as Russian Officials See Opportunity

After Dubai affirmed that it will delay its debt payments, emergent markets currencies like the Russian ruble rated among the most affected, but central bankers affirm that this decline will help exporters’ competitiveness, treating the event with an odd optimism. The current strength of the Russian currency was already impacting national companies, mainly commodity exporters, and a wave of pessimism started as Dubai affirmed it will […]

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November 27
2009

Yen’s Rally Raises BOJ Concerns

After the yen touched a 14-year high this week versus the greenback as the Bank of Japan did not discussed the currency fluctuations, finally concerns emerged, as the current levels could be high enough to hurt the Japanese economy and its recovery process. The Japanese yen, influenced by several factors, touched the highest rate in more than a decade versus the U.S. dollar this week, and finally Japanese Finance Minister Hirohisa Fujii informed that […]

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November 27
2009

Dubai Debt Makes Another Victim: Canadian Dollar

The Canadian dollar, which gained sharply versus the greenback on the beginning of the week, plunged since yesterday as Dubai World, a government owned investment company is trying to delay its debts payments, bringing risk aversion to high levels in foreign-exchange markets. Optimism in markets declined since Dubai tried to reschedule its debts payments, affecting risk appetite and specially commodities and stocks throughout the world, which are highly influential for the Canadian dollar’s […]

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November 27
2009

Beginner Indicator in MT5

Converted Beginner indicator to MT5 version today. Actually, I was going to convert another indicator (BB MACD) but, unfortunately, MQL5 doesn’t yet support any easy substitutions for *OnArray() functions of the previous version of the language. The resulting Beginner indicator works fine in MetaTrader 5 — it still just marks the tops and bottoms of the chart and isn’t very good for actual trading signals. But now it has certain improvements compared […]

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November 27
2009

South African Rand Down on Commodities, Dubai Debt

TAfter Dubai announced that it intends to delay debt payments, emergent markets and commodities fell worldwide, declining attractiveness for the South African currency in foreign-exchange markets this Thursday. Emergent markets were the most affected today after Dubai World, the nation’s investment company affirmed that debt payments will be delayed, setting confidence levels down among traders that preferred to opt by safer bets than those […]

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November 27
2009

Hungarian Forint Down on Dubai Debt

The Hungarian currency had its sharpest fall in a month after Dubai announced that it’s likely to delay debt payments, declining attractiveness for emergent markets less appealing currencies in Central and Eastern Europe. After Dubai’s announcement that public debt payments will be delayed, currencies in Eastern Europe ranked among the most affected, as a domino effect is likely to affect currencies from countries with a high international debt […]

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