Day: February 9, 2010

February 9
2010

Brazilian Real Benefits from European Optimism

The Brazilian real was one of the emerging market currencies that profited from an increase in risk appetite after speculations suggesting that the EU will help Greece to solve its budget deficit crisis raised demand for commodities and assets in the South American country, and among other emerging markets. The real had its sharpest advance in 5 days before an European Union summit in which traders expect the bloc to propose a rescue plan […]

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February 9
2010

Euro Rebounds on Greece Improved Outlook

The euro rallied significantly versus currencies of its main trading partners today on speculations that the European Union will help Greece to end its financial crisis, affecting the single currency outlook in foreign-exchange markets in a positive way after weeks of pessimism. The forecast for Greece’s budget deficit situation has improved significantly today before a EU summit to be held this week in which speculations suggest that other bloc’s members […]

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February 9
2010

Pattern Recognition in MetaTrader 5

Today I’ve updated the Pattern Recognition Master indicator with a new version that works properly in MetaTrader 5. The indicator was rather poorly written in MT4 so I’ve got a lot of room for improvements in the new MT5 version. This indicator will come to use for any Forex trader that utilizes the Japanese candlestick patterns for chart analysis. The functionality of the MT4 and MT5 versions is pretty same but there are […]

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February 9
2010

Euro Unable to React on Debt Concern

The euro remained trading near 2010 record lows reached last week as the fiscal health of several Eurozone member countries is putting the single currency under pressure before an ECB monthly bulletin to be released on Thursday this week. The Eurozone currency did not manage to pare last week losses versus important currencies from its main trading partners as the U.K., the U.S. and Japan after the EU President Herman […]

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February 9
2010

Crude Oil Advance Favors Norway’s Krone

The krone rose today as Norway’s chief export, the crude oil, reverted a negative trend that forced commodity linked currencies down during most of last week’s trading session as concerns regarding Europe’s rising budget deficit eased slightly today. A decline in risk aversion today allowed commodities to rally significantly, boosting demand for commodity exporter countries like Chile, South Africa and Norway. The krone posted its first advance […]

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