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Day: July 26, 2010
July 262010
Dollar Weakens as Risk Sentiment Improves
The U.S. dollar weakened today as the new home sales surged in the U.S. and the corporate earning increased, improving the appetite for the risk among the investors. The greenback fell versus most of other major currencies. The U.S. new home sales jumped in June to 330,000 (23.6 percent) from the revised May rate of 267,000. The U.S. house market was showing the awful values previously, and this improvement, while not unexpected, is much better than […]
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July 262010
Yuan Strengthens and May Appreciate Further
The Chinese yuan strengthened today as the central bank kept its reference rate unchanged and after the stress test of the European banks failed to improve the confidence in the strength of Europe’s economy. Seven from 91 banks tested required to raise the combined â¬3.5 billion of capital, signaling that the recovery may be faltering. China’s economy continues to expand, in the same time, threatening to increase the inflation rapidly. More flexible yuan may help in this […]
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July 262010
Rand Appreciates as Interest Rates Remained Unchanged
The South African rand extended its rally today for the fifth day as the prices for platinum and gold rose and the central bank kept the benchmark rate unchanged. The South African Reserve Bank kept the repurchase rate at 6.5 percent. This move wasn’t unexpected, but there were quite a few traders who bet on the rate cut. The high South African rates, compared to the rates in Japan (0.1 percent) and in the U.S. (0.25 percent), should […]
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July 262010
Drawing Filled Rectangles in MQL4/MQL5
(This post will be interesting only to those who code in MQL4 or MQL5 languages.) Drawing a rectangle in MQL-coded indicator or expert advisor is quite an easy task in both MetaTrader 4 and MetaTrader 5 platforms. All you have to do is to call the ObjectCreate() function with rather simple parameters. For example, in MQL4 it goes like this: ObjectCreate(“Rectangle”, OBJ_RECTANGLE, 0, Time[0], price1, Time[1], price2); ObjectCreate(“Rectangle”, OBJ_RECTANGLE, […]
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