The Canadian dollar sank today as the sovereign-debt crisis in the European Union and the increasing number of the jobless claims in the U.S. sent equities and commodity prices tumbling down. Crude oil futures on dropped 2.8 percent to $67.91 per barrel on the New York Mercantile Exchange. Crude oil is the biggest export of Canada. The annual inflation increased from 1.4 percent in March to 1.7 percent in April. The unemployment unexpectedly increased in the U.S. despite the forecasts, which […]
Read moreThe Polish zloty pared its yesterday’s gains against the U.S. dollar and dropped versus the euro today on the concerns about the widening European sovereign-debt crisis, while the Polish government isn’t going to take actions as it considers the currency’s depreciation desirable. The European economy was weakened by the Germany’s decision to ban naked short selling of the government bonds as the Germany’s government hadn’t informed the European Central Bank about its plans. This signals […]
Read moreThe Australian dollar extended the decline against its U.S. counterpart for the fifth straight day and fell versus the euro for the second day as the financial turmoil in the European Union decreased the demand for the higher-yielding assets. The Aussie’s appreciation was also contained by the prospect for the hung parliament after this year’s election and by the prediction that the interest rate won’t rise further. As the investors are attracted to the Australia by the high interest rate, without the rate’s growth the appeal of the currency […]
Read moreGot another MT4-only indicator converted to a full compatibility with MT5 today (now there are only 5 indicators left to be converted, counting those that I am not going to convert at all). It’s the Float indicator, which can be used to detect trends, their strength and to show the trend-based Fibo and DiNapoli Levels. It’s a huge indicator from the MQL coder’s point of view. It deals with a lot […]
Read moreThe EUR/USD experienced significant volatility today as it was unclear whose economy is in worse shape — European economy or economy of the U.S. The number of jobless claims rose unexpectedly in the U.S., suggesting that the economic expansion may be lagging. Despite an unfavorable data from the U.S. the European Union debt crisis managed to push the euro lower than the dollar. EUR/USD declined currently to 1.2338 Initial jobless claims was 471k, compared […]
Read moreThe Japanese yen gained today after the nation’s gross domestic product grew, signaling about the increasing pace of the country’s economic recovery. The gross domestic product rose at the annual 4.9 percent pace in the first quarter. This showed that the Japan’s economy is gradually recovering, as was confirmed by the Goldman Sachs Group Inc., which said about “solid growth driven by external demand and policy stimulus”. USD/JPY traded near 91.26 […]
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