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Day: June 4, 2010
June 42010
Euro Below $1.20, No Signs of Relief for European Currency
The euro extended its decline today against the U.S. dollar and the Japanese yen, plunging below $1.20 for the first time since March 2006, as the signs that the European fiscal crisis is widening caused the investor to abandon the shared 16-nation currency. The prospect for the default in Hungary added to already vast list of evidences, which confirm the expansion of the crisis. The spokesman Peter Szijjarto said: The moment of truth has already arrived in Greece and it has […]
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June 42010
European Woes Weaken Loonie
The Canadian dollar weakened today against the U.S. dollar and the Japanese yen despite the good economic data as the worries about the debt problems in Europe overshadowed the favorable fundamentals. The announcement of the government spokesman Peter Szijjarto fueled the concerns that the crisis is spreading to Eastern Europe. Szijjarto stated: Itâs clear that the economy is in a very grave situation. I donât think itâs an exaggeration at all to talk about a default. This statement had […]
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June 42010
Lower Amount of New Jobs Pushes Dollar Down vs. Yen
The U.S. dollar weakened today against the Japanese yen, erasing its yesterday’s gains, after the nonfarm payrolls showed the lower number of new employees hired than was expected, causing the concern for the economic recovery. The nonfarm payroll employment grew by 431,000 in May, compared with the estimated increase of 521,000. The low number of the new jobs makes one question if the U.S. economy recovers with the expected pace or it’s going to lag […]
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June 42010
Swiss Franc at Record High Against Euro on Stronger Economy
The Swiss franc gained today versus the euro, reaching the record high level, on the signs that the nation’s economy expanding, while the European Union’s economy suffers from the sovereign-debt crisis. The fundamentals and the EU woes push the franc up, despite the interventions of the Swiss National Bank. This may cause the SNB to refrain from another intervention and let the currency appreciate. At least the speculations say so, and this is another reason for the franc to rise. […]
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June 42010
OrderSend Error 148
OrderSend Error 148 or ERR_TRADE_TOO_MANY_ORDERS can be a rather frequent MetaTrader 4 error message, especially if you are trading on some demo/real contest account. The error means that you are trying to place an order or open a position when the maximum amount has already been reached. Some Fore brokers limit the number of simultaneously open orders and positions (usually, not counting the stop-loss and take-profit orders). When the maximum […]
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