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Day: August 17, 2010
August 172010
Yen Drops as Demand for Safety Wanes
The Japanese yen dropped today as the rally of the global equities damped the demand for the safer currencies and on the anticipation of the intervention by the central bank. The Standard & Poorâs 500 Index and the MSCI Asia Pacific Index of shares rose by 0.3 percent each. The improving conditions on the global markets prompted the investors to actively sell the yen, which they bought for the safety in case of the recession. The sell-off cut the Japanese currency’s prices. The yen also slipped on the speculation that Naoto […]
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August 172010
Canadian Dollar Strengthens on Stocks & Oil Prices
The Canadian dollar strengthened today as the gains of the global stocks and the rising oil prices spurred the demand for the currencies related to the economic growth. The Standard & Poor’s 500 Index rose 1.6 percent and The MSCI World Index gained 1.4 percent. Crude oil, Canadaâs key export, jumped as much as 1.9 percent to $76.63 per barrel on the New York Mercantile Exchange. The manufacturing sales grew 0.1 percent in June, following the 0.5 percent […]
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August 172010
Aussie Rallies for Second Day on Stocks & Economic Outlook
The Australian dollar rallied against its US counterpart today after the Asian stocks rose, increasing the demand for the riskier higher-yielding currencies, and on the improving outlook for the global economic growth. The MSCI Asia Pacific Index of shares rose 0.3 percent today, the third day of the advances. The Aussie was also bolster after the Minutes of the Monetary Policy Meeting of the Reserve Bank Board said that “sentiment in financial markets had improved over the past […]
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August 172010
South Korean Won Jumps on Interest Rate Outlook
The South Korean won jumped today on the speculation that the central banks of the Asian nations would raise the interest rates, attracting more investors to the region. The Bank of Korea expected to allow the won appreciate as the inflation forecast to rise to the upper end of the targeted range by the fourth quarter. The growth of the consumer prices in some other Asian countries, including Malaysia, also accelerated. USD/KRW slumped from 1,186.40 to 1,175.90 today as of 13:59 GMT. If you have […]
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August 172010
Euro Rises vs. Dollar as Stock Markets Gain
The euro rallied against the dollar today for a second day as stock markets stabilized, easing tension caused by the state of the global economy. The rally caused controversy among economists as some claim that this rally will end soon and the euro will fall to 1.24 per dollar, while others predict that the euro will rise to 1.32 per dollar. Today’s report from the US hadn’t provided much information to support either […]
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August 172010
Ever Downloaded and Installed Any MetaTrader Indicator or EA?
Many free Forex expert advisors and indicators for MetaTrader 4 and 5 are offered on this site and many other websites on-line. That’s one of the main reason why the MetaTrader platform is so popular — the traders enjoy a lot of free user-created content that is shared and discussed by the community. I like sharing the indicators and EAs that I write and I also share any interesting that I find in other places. MetaQuotes Software does […]
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