The US dollar declined today as commodities and stocks rebounded after the last week’s slump, decreasing the demand for the greenback as a safe haven. The Standard & Poorâs 500 Index went down 0.3 percent, following the previous decline by 0.7 percent, while the Reuters/Jefferies CRB Index of raw materials advanced as much as 0.8 percent. The dollar weakened against the euro on the speculation that Germany, which previously strongly opposed the proposal to expand the â¬750 billion […]
Read moreThe euro experienced a staggering slide in 2010, but it wasnât as impressive as many pessimistic forecasts would let us believe. Still, the debt problems in the European Union persist and the crisis is spreading, therefore 2011 doesnât look like a very good year for the shared European currency. The potential problems in the so-called PIIGS countries (Portugal, Ireland, Italy, Greece, and Spain) have grown into a full-fledged crisis, which tends to spread across […]
Read moreThe Great Britain pound went down today after the House Price Index of the Halifax Bank of Scotland dropped in December more than the analysts expected. Halifax HPI fell 1.3 percent from November to December, following the 0.2 percent decline. The experts predicted the drop by 0.3 percent. The report said about signs of the potential stabilizing of the housing market, but “uncertainty about the economy, weak earnings growth and higher taxes could put […]
Read moreThe Swiss franc rose for the third consecutive day versus the euro and strengthened against the US dollar today as the concerns about the financial problems of the Eurozone countries drive the investors to the safety of the Swiss currency. The gap between yield investors demand on the Portuguese 10-year bonds and the German bunds widened last week most since November. Portugal is going to auction its debt today. The concerns about the ability of the country to raise funds caused the speculation […]
Read moreFew days ago a member of our Forex forum has asked for an EA (he actually meant an indicator) that would notify him by e-mail whenever a candlestick closes with a wick (shadow) exceeding a certain length. I couldn’t find such an indicator on-line and decided to code one myself. Since it doesn’t indicate anything on the chart, I didn’t want to add it to the list of the MetaTrader indicators — it’s a just a notification script after […]
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