Day: March 27, 2012

March 27
2012

US Dollar Mixed as Forex Traders Consider Latest News

US dollar is mixed today, due in large part to the latest uncertainty coming from the eurozone. Earlier, risk appetite was all the rage, with the euro reaching new highs for the month of March, and a number of currencies gaining against the greenback. Now, though, the dollar index is higher, and the euro has faded against the greenback. In large part, this is due to the suggestion from the OECD that the eurozone’s firewall is insufficient […]

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March 27
2012

Euro Pulls Back as OECD Talks about Firewall Needs

Earlier today, euro got a boost from what many saw as a successful Italian bond sale, as well as yesterday’s speech from Ben Bernanke opening the door for QE3 in the United States. However, the euro is pulling back right now as the situation changes a little bit. The OECD said that the eurozone needed a much larger firewall in order to contain the debt crisis. The result of this latest piece of news is that the euro […]

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March 27
2012

Ringgit Gains as Investors Bid for Higher Yield

The Malaysian ringgit, together with some other Asian currencies, rose today after comments of German Chancellor Angela Merkel and US Federal Reserve Chairman Ben Bernanke boosted risk appetite among investors yesterday. Bernanke hinted that the Fed will continue to stimulate the US economy, while Merkel alleviated fears of the economic crisis in the eurozone. The comments made market participants speculate that inflows of foreign funds in Asian countries […]

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March 27
2012

Yuan Appreciates as China Plans to Allow More Flexibility

The Chinese yuan advanced today as China’s President Hu Jintao assured US President Barack Obama that the country will allow a more flexible exchange rate and after the nation’s central bank set the record reference rate. The People’s Bank of China set the fixing at 6.2840 yuans per dollar today. That’s the highest level since the end of the dollar-peg in 2005. The yuan is allowed to trade at the range of 0.5 percent on either side […]

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March 27
2012

Calculate Forex Position Size in MetaTrader

More than four years have passed since I have introduced my online position size calculator for EarnForex.com visitors. Since then it became very popular. A poll shows that about ¼ of this blog’s readers frequently use online Forex calculators, while Google Analytics shows that the current position size calculator form is the 4th most popular destination on EarnForex.com. OK, enough with the introduction. Today, […]

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March 27
2012

EUR/USD Falls as US Economy Stabilizes

EUR/USD fell today as macroeconomic data showed that the US economy is stabilizing, reducing need for stimulative measures. Housing and consumer confidence data wasn’t very good, but, still, decline of the housing index slowed and consumer sentiment index remained near the highest level in a year. Manufacturing data, on the other hand, was much worse than anticipated. S&P/Case-Shiller home price index was almost unchanged at 136.6 in January from […]

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