Day: April 20, 2010

April 20
2010

Australian Dollar Boosted by Concern About Inflation

The Australian dollar gained today after the Reserve Bank of Australia announced its plans to raise the interest rates, partially because of concern that the inflation will be spurred by the mining boom. “The fact that the prospective rise in the terms of trade was now likely to be noticeably stronger than had been expected was a factor suggesting that it might be prudent not to delay”, said the RBA’s officials in the minutes of their […]

Read more
April 20
2010

Loonie Rises to Parity on Outlook for Increased Interest Rates

The Canadian dollar suddenly jumped today, reaching the parity with its U.S. counterpart, as the signs of the expanding nation’s economic growth and the widening inflation may encourage the central bank’s policy makers to raise the interest rates. The Bank of Canada was keeping the interest rates at the same level since April 2009 and has pledged to keep the target rate for overnight loans between banks at 0.25 percent unchanged through June. The dropping of this pledge […]

Read more
April 20
2010

Yen Declines with Growing Appeal of Higher-Yielding Assets

The Japanese yen’s strength was cut as the demand for the safer currencies dwindled with the decreasing instability in the markets on the speculation that the global economic recovery will widen with a greater pace. The possibility that the Goldman Sachs will be charged for fraud diminished, reducing the concern for the volatility in the markets, and the report about the growing confidence of the German investors signaled that the outlook for the global recovery has improved. The resulting improvement of the risk appetite prompted the investors […]

Read more
April 20
2010

Won Rose on Easing Concern for Goldman Case

The South Korean won strengthened today on speculation that China will let the yuan appreciate, bolstering the economy in Asia and increasing the inflow of the global funds in the region; also the easing concern about the Goldman Sachs Group Inc. helped the currency by removing the uneasiness in the global markets. The speculation that the U.S. regulators were split over whether to charge the Goldman Sachs has lessened the worries that arose after the news about the possible suit […]

Read more
April 20
2010

Pivot & Fibo Indicator Now in MetaTrader 5

Another conversion from MT4 to MT5 is presented to you today. It’s a TzPivots indicator that can display daily pivot points (several types), support and resistance levels and Fibonacci retracements on the main chart. It can adapt to different timezones (both your own and your MetaTrader server’s) and thus can be very useful in Forex trading. It wasn’t difficult to convert it to MQL5 and now it has some […]

Read more