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Day: June 2, 2010
June 22010
Brazilian Real Bolstered by Favorable U.S. Economic Data
The Brazilian real rose today as the favorable economic data from the U.S. caused the speculations that the Europe’s problems won’t be affecting the nation’s economy that much. The pending home sales have risen for the three consecutive months, reaching the highest level since last October and reflecting the broad impact of the home buyer tax credit and the favorable housing affordability conditions. The Pending Home Sales Index rose 6.0 percent in April, following […]
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June 22010
Loonie Boosted by Employment Outlook, Oil & Stocks Prices
The Canadian dollar gained today against its U.S. counterpart and the euro, paring its yesterday’s losses, on the outlook for the rising employment and the increasing prices of the equities and crude oil. Canadian employers added 108,700 jobs in April; the report for the previous month will be released on Friday this week. The Standard & Poorâs 500 Index rose 0.3 percent. Futures for crude oil went up as much as 0.5 percent. The analysts expect that […]
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June 22010
Kiwi Drops vs. Aussie on Lower Interest Rates
The New Zealand dollar dropped today against its Australian counterpart on the concerns that the Aussie will be more attractive to the investors, interested in carry trade, because of the higher interest rates in Australia. John Key, the Prime Minister of New Zealand, said: The carry trade is there although one could make the case it is less attractive at the moment than Australia where interest rates are a full 2 percentage […]
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June 22010
Yen Dropped as New Prime Minister May Encourage Depreciation
The Japanese yen tumbled today to the lowest level in two weeks on the speculation that Naoto Kan, who is currently the Finance Minister, will succeed the present Prime Minister Yukio Hatoyama. Hatoyama resigned because of the growing public criticism, which increased on Hatoyama’ handling of U.S. troop deployments in Okinawa. The traders expect the further decline of the yen as Kan expressed opinion that the weaker currency is better for the business. USD/JPY traded near […]
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June 22010
OrderSend Error 3
Sometimes you would get an OrderSend Error 3 message in your experts log in MetaTrader 4. This can be a rather frustrating error because it prevents the order from executing (and position from opening). If you are an MQL coder you should learn how to fix it because it signifies that there is error in the logic of your expert advisor. If you are a simple Forex […]
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