The Polish zloty rose today after four days of declines after the policy makers signaled about the possible increases of the interest rates and as Japan’s announcement of buying of the European bonds improved the market sentiment. The comments of the central bank Governor Marek Belka and other monetary policy makers caused the speculation that the main interest rate may be raised this month. Andrzej Rzonca of the Monetary Policy Council said stated that the zloty […]
Read moreThe euro strengthened today after Japan announced that it’s going to buy the European government bonds, allowing the European Union to raise funds for rescuing its indebted nations. Yoshihiko Noda, Japan’s Minister of Finance, said at the news conference in Tokyo: Itâs appropriate for Japan to make a contribution as a leading nation to increase trust in the deal. We want to buy more than 20 percent. The economists say that the Japan’s bonds-buying wouldn’t heal […]
Read moreAnyone who have ever heard about extrapolation and about financial trading was tempted to try using some of those math methods for an advantage in trading. After all, it seems quite logical to assume that the price chart curve (Forex or stock, or any other security) is a function of some sort that can be predicted mathematically, like parabola or a sine function. So, I’ve decided to test some of the extrapolation […]
Read moreThe Canadian dollar pared losses against its US counterpart today as the rally of commodities outweighed the impact of the increasing concerns about the fiscal crisis in the European Union. Today’s rally of commodities was very favorable for the loonie, as the Canadian currency is often nicknamed, because about half of Canada’s export revenue comes from raw materials. The Thomson Reuters/Jefferies CRB Index of raw materials rose 0.9 percent to 326.85 after it tumbled […]
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