Day: September 8, 2010

September 8
2010

Swiss Franc Drops on Lower Demand for Safety

The Swiss franc slumped today against the euro as the equities gained, decreasing the demand for the safe haven, provided by the Swiss currency. The franc fluctuated versus the dollar as the US currency also was affected by the weaker demand for the safety. The Standard & Poor’s 500 Index gained 0.8 percent, while the Stoxx Europe 600 Index rose as much as 1.2 percent. The concerns for the European economy were eased by the results of the Portuguese debt auction. The demand for the Swiss […]

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September 8
2010

Bank of Canada Raises Interest Rates, Loonie Rises

The Canadian dollar rebounded today against its US counterpart and rose versus the euro for the forth straight day as the Canadian central bank raised the interest rates and suggested that it may continue to raise the rates in the future as Canada’s economy still grows, albeit with the slower pace. The Bank of Canada increased the target rate from 0.75 percent to 1 percent. It said in its policy statement that “financial conditions in Canada […]

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September 8
2010

Malaysian Ringgit Rises Together with Other Asian Currencies

The Asian currencies, including the Malaysian ringgit, gained today as the speculation, that the region’s economic growth would outpace the US and the European expansion, continues to attract the foreign investors to Asia. The analysts expect today’s report to show that Germany’s exports haven’t grown in July, fueling the concerns for the European economy. The Asia Dollar Index, tracking the Asian 10 most-traded currencies excluding the Japanese yen, gained 0.1 percent after it touched 112.56 […]

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September 8
2010

Creating a Multi-Currency Expert Advisor for MetaTrader 5

(This post will be interesting only to the MQL coders.) Multi-currency expert advisors were possible even with MetaTrader 4, but there were too many problems with building, testing and using them. The new object-oriented model and improved strategy tester of the MetaTrader 5 allow a wide use of the EAs that can trade in multiple currency pairs simultaneously. In the upcoming ATC2010, the multi-currency EAs will have a huge competitive […]

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September 8
2010

Rand Weakens for Third Day as Manufacturing Growth Stalls

The South African rand fell today for the third day against the US dollar as the economists predict that the report would show the slower pace of the manufacturing growth, signaling that South Africa’s economy declines. According to the analysts’ estimates, the manufacturing expanded 6 percent in July, compared with 8.8 percent in June. The manufacturing accounts for about 15 percent of South Africa’s economy. The nation’s economic growth slowed from 4.6 percent in the first […]

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