Day: April 12, 2010

April 12
2010

Loonie’s Rally Aided by Business Survey

The Canadian dollar pared its previous losses and resumed its rally to parity with its U.S. counterpart today after the business survey, performed by the Bank of Canada, signaled that the nation’s economy rebounds with the increasingly faster pace. The survey, conducted by the Bank of Canada, showed that the prices are going to increase, the sales will be growing, the credit conditions are improving and the inflation, while somewhat rising, should remain within […]

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April 12
2010

Pound Drops as U.K. May Become Next Object for Budget Concern

The Great Britain pound’s strength was curbed by the speculation that that the U.K. will be the next target for the concerns about the major budget deficit as the worries about the Greek budget are retreating because the Greece’s crisis appears to be resolved. The rescue package, issued by the European Union and priced as much as 45 billion euros (or $61 billion), eased concerns about the ability of Greece to deal with its debt and made traders to look […]

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April 12
2010

Australian Dollar Hurt by Weak Housing Market

The Australian dollar sank versus its U.S. counterpart, erasing the previous gains and dropping from the highest level since November 2009, after the government report suggested that the conditions on the housing market may be worsening. The amount of the loans for housebuilding and buying declined more than expected, falling 1.8 percent from January. This decline may have the negative impact on the Australian currency as the weakening house market may result in the stalling […]

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April 12
2010

Can Yen Drop as Low as 100 per Dollar?

The value of the Japanese currency may drop as low as 100 yen per U.S. dollar or even more on the speculation that the unexpectedly high pace of the U.S. economic recovery may encourage the Federal Reserve to increase the interest rates faster than the Bank of Japan. The increasing gap between the U.S. and the Japan’s benchmark rates gave reason to believe that the currency may drop as low as 100 yen per dollar or even 105 yen/dollar. The increase […]

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April 12
2010

Self-Learning Forex Expert Advisor

After a little e-mail conversation with one of my site’s visitors about the statistical expert advisor, example of which I shared publicly in August 2008, I’ve remembered about a more advanced version, which, while still isn’t profitable, can be a much better example and foundation for the future self-learning statistical EAs in Forex. The expert advisor that I’ll share in this post is a corrected and then slightly modified version of the EA that […]

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