Day: September 9, 2011

September 9
2011

Franc Considered Overvalued Even Pegged to Euro

The Swiss franc fell today against most major currencies as Economy Minister Johann Schneider-Ammann said that the currency is “massively overvalued” even after the central bank pegged the franc to the euro. The franc advanced against the euro today. Minister explained what he thinks the fair rate for the franc is: There is a general understanding that purchasing-power parity is around 1.35 to 1.40 francs per euro. That’s pretty […]

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September 9
2011

Canadian Dollar Falls with Employment

The Canadian dollar fell today for the second day against its US counterpart and the Japanese yen, heading to parity with the greenback, after the report showed that employment in Canada unexpectedly dropped and unemployment rate rose last month. The currency managed to gain versus the euro. Statistics Canada reported today that the number of employed persons decreased by 5,500 in August, following the increase by 7,100 in July. Forecasts much were more optimistic, promising […]

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September 9
2011

BoE Keeps Main Interest Rate Unchanged, GBP/USD Fluctuates

The Great Britain pound fluctuated versus the dollar today after the Bank of England kept its main interest rates unchanged yesterday and today’s report showed that producer prices declined last month. The pound advanced against the yen. The BoE left the official Bank Rate at 0.5 percent and asset purchases at £200 billion yesterday. The minutes of the monetary policy meeting is scheduled to be released on September 21. The input Producer Price […]

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September 9
2011

ECB Keeps Rates Unchanged, Euro Falls

The euro weakened today, falling for the second day against the dollar and the yen, after the European Central Bank maintained its key interest rate unchanged yesterday. The ECB left its target minimum bid rate at 1.5 percent. Central bank’s President Jean-Claude Trichet said on the press conference after the monetary policy decision: Looking ahead, we expect the euro area economy to grow moderately, subject to particularly high uncertainty and intensified […]

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September 9
2011

Tutorial: Price Alerts in MetaTrader

There are two different ways to get price alerts in your MetaTrader Forex trading platform. The first one is to use the built-in Alerts system. The second way is to use the special Price Alert indicator. The former is much simpler and more customizable, while the latter allows setting visual price levels for the alerts. This tutorial will describe the the first way — the built-in Alert system. Both MT4 and MT5 support […]

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