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Day: January 24, 2011
January 242011
AUD Rises with Stocks, But Australian Economy Remains in Danger
The Australian dollar strengthened today as the rally of stocks increased appeal of the riskier assets, but the concerns about the impact of the floods on the Australian economy persist and may curb the currency’s gains. The improving outlook for the global economy, and the US economy in particular, helped the equities to regain some strength, boosting the commodity currencies. The Standard & Poorâs 500 Index gained 0.5 percent as a result of the improving risk sentiment. “Risk sentiment is higher and equities are […]
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January 242011
Mexican Peso Declines as Interest Rates Remain Unchanged
The Mexican peso slightly dropped today as the central bank kept the interest rates unchanged for the record stretch of time and suggested that that it may keep the rates at the present levels even longer. Banco de Mexico kept its benchmark rate at 4.5 percent as was expected. The rate was unchanged for 16 consecutive months. Agustin Carstens, the Governor of the Bank of Mexico, explained this decision by the concern that the inflation would slow […]
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January 242011
US Dollar Recovers on Outlook for GDP & Consumer Sentiment
The US dollar pared its losses on the forecasts that the reports this week would show that the pace of GDP growth increased and the consumer confidence improved in the US. The analysts estimated that the US gross domestic product rose at the 3.5 percent annual pace last quarter, compared to the 2.6 percent rate in the third quarter of 2010. The analysts also expect the report to show tomorrow that the consumer confidence index of the US Conference Board […]
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January 242011
OrderSend Error 4107 (Backtesting)
OrderSend Error 4107 is a so-called MQL4 run-time error that is similar to OrderSend Error 129 but, unlike the latter, appears only during backtesting of the MT4 expert advisors, not during their live or demo run. The error is called ERR_INVALID_PRICE_PARAM (Invalid price) in the MT4 documentation; it has no counterpart in MT5. There are two main reasons for this 4107 error to appear: Negative values in price, […]
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