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Day: December 6, 2010
December 62010
Euro Slips on Disagreement Between EU Policy Makers
The euro slid today as the European policy makers were divided on today’s meeting in their opinion on how to deal with the Eurozone sovereign-debt crisis. The official of the European Union met today in Brussels to discuss the possible ways out of the debt crisis. Didier Reynders, the Belgian Minister of Finance, whose country holds the EU presidency until the end of this year, proposed to increase the â¬750 billion ($1 trillion) bailout fund. Angela Merkel, the Chancellor […]
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December 62010
Outlook for Interest Rates Weakens New Zealand Dollar
The New Zealand dollar slipped today on the speculation that the New Zealand policy makers would refrain from increasing the interest rates because of the slower economic growth. The New Zealand budget deficit was NZ$7.45 billion ($5.7 billion) in the four months ended October 31st. That’s NZ$798 million more than was predicted in May. The deficit together with the slower household consumption and business borrowing decreases the possibility of the interest rates […]
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December 62010
Time Zone Difference in Forex
When trading in the Forex market it’s very important to understand the time zones correctly and to be able to calculate the difference between your time zone and the timezone of your trading server and the timezone of the specific trading session. Some MetaTrader expert advisors (that are created to trade during a certain time or a trading session) require trader to set an input parameter for the time zone difference. Unfortunately, I see that many traders simply don’t […]
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