Day: September 10, 2010

September 10
2010

Loonie Slips as Probability of Rates Hike Looks Low

The Canadian dollar weakened today versus its US counterpart and halted the five-day rally against the euro after Mark Carney, the Governor of the Bank of Canada, said that the policy maker would be “careful” in considering whether to raise the interest further and their decision will be influenced by the outlook for the US economic growth. Currently the currency is slowly regaining its strength. The hawkish statement of the Bank of Canada earlier caused the traders to bet […]

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September 10
2010

NZD/USD Rises for Third Day as Risk Appetite Strengthens

The New Zealand dollar rose today versus its US counterpart for the third straight day as the reports showed that the unemployment claims in the US dropped more than expected and as China’s exports grew, bolstering the risk appetite. The exports of China, New Zealand’s second biggest trading partner, rose by 34.4 percent from the year earlier. The report yesterday showed that the number of claims for the jobless benefits decreased from 478,000 to 451,000 last […]

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September 10
2010

Franc Falls as China’s Trade Surplus Reduces Demand for Safety

The Swiss franc went down today as China’s trade surplus was above $20 billion for the third consecutive month, easing the concerns that the global recovery losing momentum and reducing the demand for the safer assets. China’s exports expanded 34.4 percent and inbound shipments rose more than predicted to 35.2 percent in August. The resulting trade surplus was $20.03 billion, while forecasts promised $26.9 billion. At the same time in the previous year […]

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September 10
2010

Optimizing Your EA to Trade on Certain Weekdays

(This post will be interesting only to the MQL coders.) One of the most overlooked parameters of the Forex expert advisor that can be used in optimization of the trading results is the set of weekdays for the EA to trade on. Different strategies are good under different market conditions. And the market conditions tend to vary greatly depending on the current day of the week. Of course, sometimes Monday can show higher volatility than Wednesday or Thursday, […]

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