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Day: February 8, 2011
February 82011
Global Economy Recovers, Swiss Currency Declines
Optimism for the growth of the global economy continues to reduce the demand for the safer assets, driving the Swiss franc down, even though the Swiss economy supports appeal of the currency. Peter Rosenstreich, the chief market analyst at ACM Advanced Currency Markets, explained: The Swiss franc is in an awkward position with risk easing. The risk premium thatâs built into the Swiss franc is going to be unwound unless we encounter a rash of risk aversion. […]
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February 82011
Higher Interest Rates in China Can’t Support US Dollar
The US dollar weakened today as investors’ demand for the riskier assets persists even after China has increased its interest rates. It looks like attempts of China’s government to cool the nation’s economy aren’t enough to diminish optimism for the global growth. The report for the fourth quarter of the previous year is expected to show that the inflation in China increased by 4.6 percent, the fastest growth in 30 months. The rapidly accelerating inflation prompted the Peopleâs […]
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February 82011
Indonesian Rupiah Rises on Strong GDP Growth
The Indonesian rupiah advanced today to the strongest level in almost three months as Indonesia’s economy expanded with the fastest pace in six years. Indonesia’s gross domestic product posted the annual growth of 6.9 percent in the fourth quarter of 2010, the biggest gain since the quarter ended December 2004. The inflation had grown in January, prompting the Bank Indonesia to raise its reference rate to 6.75 percent from the record low of 6.50 percent on February […]
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February 82011
Swedish Krona Reaches 10-Year High vs. Euro
The Swedish krona rose for the second day versus the US dollar and reached the highest level in 10 years against the euro on the speculation that the strong global economic growth will increase demand for Sweden’s assets. The macroeconomic data from various countries continues to show evidences of the global growth. Today’s reports about the German industrial output expected to show a recovery, while yesterday’s report about the US consumer borrowing showed the growth, which […]
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February 82011
Classical Technical Indicator Based on Price and Volatility
Chester Keltner developed his own version of the “bands” indicator more than 50 years ago. Keltner Channel is an interesting and rather popular indicator, but, unfortunately, it’s not in the list of the standard MetaTrader indicators. I’ve found a basic implementation of the Keltner Channel for MT4 coded by some “Gilani” and used it to produce a better version — both for MT4 and for MT5. The resulting indicator can be customized in several ways and the error with […]
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February 82011
Can Decline of Crude Oil Prices Weaken Loonie for Long Time?
The Canadian dollar declined as the prices for the crude oil slipped after the concerns about the impact of the tension in Egypt on the supplies receded, but the fundamentals look very supportive for the Canadian currency. The tensions in Egypt slowly recede and the rumors say that the current president may step down as the protesters demanded. With lower risk for supplies the crude oil now looks a bit expensive for the traders. As a result, the futures on the crude oil dropped as much as 2 percent […]
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