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Day: November 29, 2010
November 292010
Euro Falls After Ireland Receives Bailout
The euro dropped today after Ireland received the aid and the European policy makers ended discussion of the post-2013 bailouts. The currency was also weakened by the concerns about the Korean conflict. Ireland received its â¬85 billion ($112 billion) bailout. The leaders of the European Union achieved the agreement about providing the rescue to the debt-laden countries without the requirement for the investors to share the losses with the taxpayers. EUR/USD fell from 1.3280 to 1.3164 today as of 11:29 GMT, […]
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November 292010
Korea’s Won Rebounds as Investors Convert Earnings
The South Korean won rose today as the investors sought to convert their overseas earnings while the exchange rate was favorable. Last week the won dropped after the tension between North and South Korea heated. The South Korean navy together with the US aircraft carrier USS George Washington began four-day drills, while North Korea threatened to retaliate in case its borders would be breached. China said it’s […]
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November 292010
See Moving Average as Japanese Candlesticks
I’ve always wondered why some traders choose to use moving average calculated on Close, some on Open, some on High and some on Low. The resulting curves can be quite different and its difficult to decide which one is better for analysis. Moving Average Candlesticks solves the problem by displaying the moving average (simple, exponential or any other) in a form of Japanese candlesticks. It draws the additional candlesticks (blue and yellow by default) on the main […]
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