Day: June 21, 2010

June 21
2010

New Zealand Dollar Profits from Stronger Yuan

The end of the two-year yuan’s peg to dollar weakened some currencies and strengthened others; among later can be the New Zealand dollar. The New Zealand currency already benefited from the fast growth of China’s economy as China is one of major trading partner of New Zealand. The stronger Chinese economy means more imports in China, this in turn means more profits for New Zealand exporters. The stronger yuan also should help […]

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June 21
2010

Dollar May Benefit From End of Yuan’s Peg

The U.S. dollar strengthened today on the speculation that there will be less demand for the non-Asian currencies after China relax its two-year peg. This move should weaken the currencies, which benefit from the reserves diversification, especially the euro. The People’s Bank of China said that there wouldn’t be large-scale moves, the currency will be gradually allowed more flexibility. EUR/USD traded near 1.2396 as of 11:52 GMT today […]

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June 21
2010

Yuan Gains as Its Dollar Peg Expected to End

The Chinese currency appreciated today against the dollar as China relaxed the yuan’s peg to the U.S. currency, the move which should stop blames for unfair trading advantage, brought by undervalued currency, from the U.S. President and other G-20 leaders. According to the opinion of the People’s Bank of China, the stronger yuan should help to reduce the inflation and turn the investment from the manufacturing to the service industries. The economists say that the appreciation may be slow but sure. […]

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June 21
2010

Multi-Timeframe Indicator for MT5 — Trade Assistant

I’ve converted Trade Assistant indicator from MT4 to MT5 today. It’s a multi-timeframe indicator that can show RSI, CCI and Stochastic Oscillator signals for 6 timeframes: M5, M15, M30, H1, H4 and D1. Although the conversion was rather tricky it was also quite interesting as I could enhance the code and performance significantly compared to the previous version. Among others new features are the following: Description of the indicator is […]

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