Day: December 17, 2010

December 17
2010

Yen Tumbles vs. Euro on Signs of Recovery, Rises vs. Dollar

The Japanese yen fell today against the euro as the signs of the economic recovery decreased the demand for the currency as the safe haven and as the European Union may find the way to deal with its debt crisis. The yen advanced against the US dollar. The MSCI Asia Pacific Index of regional shares advanced 0.4 percent. The EU leaders will end today the summit in Brussels, which began yesterday. They agreed to create the permanent crisis-management mechanism by 2013. […]

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December 17
2010

German Business Climate Improves, Euro Advances

The euro rose today against the US dollar for the second day as the European leaders agreed on the mechanism to prevent the financial crises and as the business climate in Germany improved. The European Central Bank said that it’d increase capital by â‚¬5 billion ($6.7 billion) to â‚¬10.76 billion by the end of this year. The Ifo Business Climate indicator rose from 109.3 in November to 109.9 in December, while the analysts predicted the small decline to 109.2. EUR/USD rose from […]

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December 17
2010

Tom DeMark’s Oscillator — REI

I’m currently reading Tom DeMark’s The New Science of Technical Analysis and I’ve encountered a description of an interesting indicator there — Range Expansion Index. Tom explains it in details but the explanation is rather confusing. Fortunately, it’s accompanied with some strange piece of code (for the Logical Information Machine), which nevertheless proved to be useful. I’ve tried searching for the MetaTrader versions of REI and have found only this indicator for MT4, […]

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