The Canadian dollar halted its decline to the lowest level against its U.S. counterpart this month and rose today as the turmoil on the equities markets, caused by the European sovereign-debt crisis, receded and the demand for the currencies tied to growth returned. Despite the previous forecasts that the Bank of Canada will raise the interest rates to fight with the accelerating inflation, the traders are cutting bets that the rates will be increased. The reason for such turn of events […]
Read moreThe euro rose to the weekly high level today against the U.S. dollar and gained versus the Japanese yen on the expectations for the European Central Bank to intervene in order to support the common European currency. The meeting of the European financial ministers and Herman Van Rompuy, the President of the European Council, is held today in Brussels to discuss the reforms of the governance, which may lead to implementations of the severe measures to the countries whose economies are lagging behind the EU requirements. The Germany’s […]
Read moreThe New Zealand dollar strengthened against its U.S. counterpart today, while it was declining for the whole week, after the consumer confidence increased and the unemployment rate dropped, suggesting about the increasing pace of the economic recovery. The consumer sentiment rose in May 3.4 percent to 126 from 121.9 in April. The jobless rate decreased from 7.1 percent to 6 percent. The central bank may raise the interest rates, attracting the investors interested […]
Read moreThe Swiss franc weakened against the euro today after the Swiss National Bank intervened, selling the currency in order to curb the franc’s appreciation. The central bank began selling the currency in the last year to fight the deflation and to bolster the economy. Thomas Jordan, the Vice Chairman of the Governing Board, said: During the financial crisis, there has been much pressure on the Swiss franc which appreciated. The SNB has countered that pressure so that until […]
Read moreOne more MetaTrader expert advisor is now available for MT5. This time it’s Amazing EA, which is used to trade on Forex news. It wasn’t easy to convert this EA because it’s quite big and deals with both positions and pending orders. The new version utilizes three standard MQL5 libraries: Trade.mqh — used to operate with the orders and positions. PositionInfo.mqh — used to get the information about the positions. […]
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