Day: December 18, 2009

December 18
2009

Pound Remains Bullish on Mortgage Approvals

The pound found support to trade near a one-month high level versus the euro after a report showed an improvement in the number of mortgage approvals, adding attractiveness for the sterling before the end of this week’s session. After the Bank of England published a report showing the highest climb in mortgage approvals for November this year, the pound gained versus several currencies and specially versus a less attractive euro, as the British financial authority affirmed that in 2010 the situation […]

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December 18
2009

Swiss Franc Hits 9-Month High Versus Euro

The Swiss franc, considered a refuge currency, benefited today from a rather risk averse scenario and gained versus several currencies, declining below less than 1.50 line versus the euro for the first time since March. Even if the Swiss currency is at rather considerably high levels, different from the last time it traded below 1.50 against the euro the Swiss National Bank did not intervened, as the outlook for the European […]

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December 18
2009

Canadian Dollar Benefits on Iran-Iraq Oil Tensions

The Canadian currency is ranking among the best performers today in foreign-exchange markets as the crude oil and metallic commodities rose today, favoring Canadian stocks that benefited from tensions in the Middle East region. After Iranian forces occupied an oil well on its neighboring country Iraq yesterday, the crude oil rates jumped significantly, providing support for the loonie to beat most of 16 main traded currencies in the past hours, as the commodity is […]

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December 18
2009

Yen Falls on BOJ Low Rates Policy

The Japanese currency fell today versus the 6 main traded currencies in foreign-exchange markets after the nation’s financial authority followed the global trend among wealthy nations and ruled out rate hikes for the short-term future, declining attractiveness for the Asian currency. After statements this week in the U.S. and the Eurozone affirming that interest rates will be maintained at very low levels for an extended period of time, this time, in Japan, the national central […]

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December 18
2009

ZigZag on Parabolic SAR for MetaTrader 5

My latest conversion from MT4 to MT5 code is the ZigZagOnParabolic indicator. The original indicator (as well as its MT5 version) is an improvement over standard ZigZag indicator that uses the data from Parabolic SAR (also a standard indicator) to calculate ZigZag peaks and bottoms. The indicator is also moderately customizable. Unfortunately, the MT5 version of the indicator became really worse than the MT4 one. MQL5 code is bulkier and much slower […]

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