Day: April 29, 2010

April 29
2010

Rising Stocks & Oil Prices Drive Loonie Up

The Canadian dollar rose against its U.S. counterpart for a second day and gained versus other major currencies today after the crude oil prices and the stocks advanced, signaling about the widening economic recovery and improving the investors’ risk sentiment. The Loonie, as the Canadian currency nicknamed, is tied to the commodity prices, especially the prices for the crude oil as it’s the biggest nation’s export. The signs of the improving global economic environment encouraged the risk appetite of the investors […]

Read more
April 29
2010

Confidence in Sterling’s Strength Improves

The Great Britain pound gained today on the speculation that the nation’s budget deficit will be dealt with even in case the election would produce the government without the majority in the Parliament. The confidence in the Britain’s ability to rein its budget shortage improved after the sovereign credit ratings of Greece, Portugal and Spain was lowered by the Standard & Poor’s. The U.K. house prices increased more then predicted, also adding to the confidence in the sterling’s strength. […]

Read more
April 29
2010

Increasing Rates Push Brazilian Real Up

The Brazilian real advanced today against the U.S. dollar, supporting the bullish outlook for the currency, which was prompted by the increasing interest rates. Henrique Meirelles, the president of the Brazil’s central bank, increased the benchmark lending rate to 9.5 percent from a record-low 8.75 percent to keep the inflation in check. The gross domestic product is expected to grow 6 percent in 2010, supporting the real performance. USD/BRL traded at 1.752 as of 11:01 GMT today down […]

Read more
April 29
2010

Confidence in European Economy Increases, Helping Euro

The euro rose today on the signs of the increasing confidence in the Euro-zone economy, supported by the outlook for the fast-paced economic recovery, despite the threat of the budget deficit spreading beyond Greece that plagues Europe. The European companies are relying on the global economic recovery to boost their sales. The companies should turn to exports for earning profits, particularly to the emerging markets like China and India, as the local consumers are reluctant to spend their money. The future of the European economy […]

Read more
April 29
2010

Bollinger Bands on MACD for MetaTrader 5

BB MACD indicator has been converted to be compatible with the MetaTrader 5 platform. It’s a simple visual Forex indicator that displays the Bollinger Bands on the custom MACD indicator, shown in the separate window of the chart. It wasn’t an easy MQL4->MQL5 conversion, mostly because of the lack of …OnArray() functions in the new MetaTrader. Custom EMA and Standard Deviation functions should have been added to the indicator to make it work properly. The new […]

Read more