Day: December 1, 2009

December 1
2009

Aussie Dollar Rocketing on Rates Hike

The Australian dollar rose versus most of the 16 main traded currencies as interest rates were once again raised in the country, making the Aussie currency one of the most attractive investment in foreign-exchange markets this year. A day of high risk appetite which several optimistic news coming from Dubai and China helped the Australian dollar to gain further after the Reserve Bank of Australian raised interested rates for the third time in a row, adding […]

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December 1
2009

Brazilian Real Benefits From China’s Manufacturing

The Brazilian real, together with most emergent markets currencies, climbed today, specially versus the greenback and the yen, as risk appetite returned to markets on renewed optimism. After China posted the sharpest monthly increase in 5 years for its manufacturing growth, stocks went up globally, favoring the Brazilian real that gained consistently, specially versus a less attractive U.S. dollar. USD/BRL traded at 1.7253 as of 17:47 GMT from an opening rate […]

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December 1
2009

Crude Oil Sets Canadian Dollar to Record High

The Canadian dollar touched the highest rate in 2 weeks after risk appetite returned to commodities and equities markets, forcing the main Canadian export, the crude oil, up, and consequently affecting positively the rates for the loonie mainly versus its U.S. counterpart that lost versus most of the majors today. A session of high risk appetite today provided support for the Canadian currency to outperform several other currencies and touch the highest rate in 15 days […]

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December 1
2009

Dollar Weakens on Pending Home Sales, Dubai Rescue

The dollar had another day of negative performance versus the euro and most of high-yielding currencies this Tuesday as home sales in the U.S. improved and Dubai World’s debts are likely to be rescue by the Abu Dhabi sovereign financial authority. The U.S. dollar is having a negative start of the week posting its second consecutive day of losses versus most of the 16 main traded currencies as risk appetite returned to markets declining attractiveness for the U.S. […]

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December 1
2009

CCI Arrows Indicator in MT5

The latest addition to the newly converted MT5 indicators is CCI Arrows, which was added to my site in its MT4 version on April 19 this year. The conversion from MQL4 to MQL5 was rather easy this time with the main difference being that the iCCI() function can only return an indicator handle in MT5, opposed to MT4, where it’s able to return actual CCI value at a given shift. Had to call […]

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December 1
2009

EUR/USD Down on Home Sales, Dubai Optimism

The EUR/USD currency pair gained today as risk appetite increased after the Dubai debt delay is likely to be solved with the help of the U.A.E. central bank as well as pending home sales in the U.S. unexpectedly rose, bringing optimism and appeal to risk as the United States real estate sector shows signs of improvement. Currently EUR/USD trades at 1.5092, a significant rise from the past hour as optimism declines attractiveness for the greenback. ISM PMI […]

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