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Day: October 4, 2011
October 42011
CAD Regains Strength as Stocks Advance
The Canadian dollar erased its previous losses today as the global equities rallied, easing concerns for the world economy and improving prospects for growth-related currencies. The speculation that the European leaders discuss the way to revive the region’s banking system brought some relief on the Forex market and improved outlook for Europe’s economy. The resulting advance of stocks had positive effect on commodity currencies, including the loonie. The Standard & Poorâs 500 Index advanced 2.3 percent. […]
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October 42011
Private Sector Participation in the Greek Bailout Revisited
Back in July, Greece expected that about 21% of private bondholders would accept write-downs in order to prevent an outright default its sovereign debt. Now, some eurozone countries, led by Germany, are hoping for a little more from the private sector. A decision on Greek aid is being pushed to October 13 as eurozone countries mull over the options, and try to figure out how to get the private sector more involved in the bailout. […]
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October 42011
US Dollar Strengthens Against Most Major Currencies
US dollar is seeing some strength today, gaining as risk aversion makes an appearance. Concerns about the eurozone, as well as speculation about what Ben Bernanke will say about the economy when he testifies before Congress today, has many forex traders and investors a little nervous. As a result, the US dollar index is stronger as forex traders seek some safe haven. The much stronger dollar is also […]
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October 42011
Pound Weakens as UK Construction Stagnates
The Great Britain pound dropped today after the report showed that the nation’s construction sector stalled last month, adding incentive for the UK central bank to increase stimulus. The Markit/CIPS Construction Purchasing Managersâ Index was at 50.1, just barely above the 50.0 no-change. The index declined from the August value of 52.6 and was below the median forecast of 51.7. The index reached the lowest level since December, when it below 50.0. […]
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October 42011
Position Sizing Rules
Following a small discussion I had about advantages and disadvantages of using different position sizing techniques in the ATC 2011 championship of the expert advisors I decided to talk a bit more about various position sizing rules that can used in Forex trading. It’s a very important topic and this blog’s readers agree with this thesis. In my opinion, there are 5 main types of position sizing techniques: Fixed position size Martingale […]
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October 42011
RBA Hints About Future Interest Rate Cut, Aussie Drops
The Australian dollar continued to fall today, extending its decline for the third straight session, as the Reserve Bank of Australia suggested that an interest rate cut may be possible as the inflation pressure eased. The RBA kept the main interest rate at 4.75 percent and said in the statement: Taking into account all the recent information, the path for inflation may now be more consistent with the 2â3 per cent target in 2012 and 2013. The central […]
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October 42011
Important Week for Euro, Greece at Brink of Default
The past month was very unfavorable for the euro. The start of this month doesnât look positive for the shared European currency either. This week can define the future of the currency for a long time as the story of the Greek debt crisis may come to an end (most likely a bad one). Another important event this week is the monetary policy meeting of the European Central Bank. Greece failed to comply with the budget deficit requirements set […]
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