Day: August 20, 2010

August 20
2010

Canadian Dollar Falls on Slower Inflation & Rates Outlook

The Canadian dollar tumbled today versus the US currency as the report about the slower pace of the Canadian inflation growth caused the investors to reduce bets on the increase of the interest rates by Canada’s central bank. The core Consumer Price Index (excluding eight of the most volatile components) fell 0.1 percent in July, while the growth was predicted by the analysts. The Canadian currency was also weakened by the risk aversion sentiment among the investors, spurred by the signs of the slower […]

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August 20
2010

Euro Weakens as Weber Suggests EU Economy Needs Help

The euro slumped today after Axel Weber, the President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank, suggested that the European Central Bank would be required to aid European Union’s struggling economy by the end of this year. Weber said that: Most of these discussions about the continuation of the exit I think will be focused on the first quarter. It’s clear that we need to re-embark on a normalization procedure. The economists […]

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August 20
2010

Yen Rises with Increasing Demand for Safe Haven

The Japanese yen rose today against most other major currencies on the speculation that the slowdown of the global economic growth will increase demand for the Japanese currency as the safe haven. The experts estimated that the sales of the existing homes in the US dropped 13.9 percent in July, following the decline by 5.1 percent in May. The government report will be released on August 24th. The Stoxx Europe 600 Index was little changed, following the two days […]

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August 20
2010

Quantitative Qualitative Estimation Indicator

Originally created for VT Trader, Quantitative Qualitative Estimation (or simply QQE) is an interesting indicator that uses a lot of moving average based smoothing on the standard RSI indicator. Although the calculation of the indicator is rather complex, the result is quite easy to use. I’ve used the MQL4 code by Roman Ignatov and Tim Hyder (the author of the alerts for the indicator) as the base for the MT5 version of QQE. The MT4 version was left intact. MT5 version’s […]

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August 20
2010

Thai Baht Gains on Capital Inflows & Central Bank’s Statement

The Thai baht gained today as the outlook for the economic growth in Asia increased the inflows of the global funds in the region and after the central bank suggested that it wouldn’t limit the currency’s appreciation. Thailand’s central bank said that it’s “not concerned” with the baht’s gains as long as the baht moves in line with other Asian currencies. The Asian developing economies expected to expand 9.2 percent this year, attracting more and more investors […]

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