Day: June 18, 2010

June 18
2010

Canadian Dollar Goes Up as Oil Prices Rise

The risk appetite improved, boosting the equities, today and the Canadian dollar benefited from this, though the rising oil prices perhaps contributed to the loonie’s strength even more. The Dow Jones Industrial Average rose 0.2 percent through the day and 2.4 percent over the week. Crude oil futures advanced 0.9 percent to $77.45 per barrel on the New York Mercantile Exchange. The Canadian currency, which is often called the loonie because […]

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June 18
2010

Britain’s Pound Reached Highest Level Since May 13

The Great Britain pound reached today its highest level against the U.S. dollar since May 13th, before falling, as the number of mortgage approvals was higher than forecasted. The Bank of England reported that 51,000 new mortgages were approved for home purchases during the previous month, compared with median estimate of 49,000. Some economists say, though, that the sterling’s rebound was short-lived as the budget cuts would damp […]

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June 18
2010

Demand for Safety Increases Appeal of Yen

The Japanese yen strengthened today amid the concerns that the austerity measures, planned by the European countries in order to battle the sovereign-debt crisis, might derail the global economic recovery. The troubles in Europe continue influence the global economy, damping the willingness to risk among traders and increasing the demand for the safety. Moreover, the yesterday’s unfavorable data from the U.S. decreased the appeal of the dollar as the safe currency, making the yen the primary currency in the role of the safe haven. USD/JPY fell […]

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June 18
2010

Murrey Math Lines Indicator for MT5

This time I’ve converted an MT4 indicator Murrey Math Line X to MT5. It’s based on the Murrey Math rules and shows the many support/resistance/pivot linesб which have their own significance and can greatly help a Forex trader to set his or her order entry and exit levels. It was quite easy to convert this EA as the calculations aren’t that complex and it doesn’t use any standard MetaTrader indicators […]

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June 18
2010

Dollar’s Strength Subdued by Bad Macroeconomic Data

The U.S. dollar went down today after the set of the macroeconomic reports was released, which showed some rather unwelcome data, signaling that the U.S. economy expand at slower pace. The unemployment claims unexpectedly surged to 472,000 in the previous week from 460,000 a week earlier, even though the forecasts promised a decrease of the jobless claims. Philadelphia Fed index decreased to 8.0 this month from 21.4 in May, suggesting that the U.S. […]

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