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Day: May 28, 2012
May 282012
Rupee Drops, Can Hurt India’s Economic Recovery
The Indian rupee dropped today, leading to concerns that the weak currency, which was the worst-performing Asian monetary unit last year, would spur inflation and hurt the economic recovery of India. The Reserve Bank of India cut its key repurchase rate by 50 basis points to 8 percent in April and that move was followed by unexpected increase of inflation to 7.23 percent. Now the central bank is in a difficult position as without rate […]
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May 282012
Brazilian Real Climbs as Central Bank Sells Swaps
The Brazilian real advanced today as the central bank auctioned currency swaps in a attempt to keep the real, which was the worst performer among 16 most-traded currencies, from sliding down and hurting consumers. The Central Bank of Brazil sold 14,000 out of the 40,000 currency swap contracts on May 25. That was the fourth day of swap auction. Speculations that the central bank will slow the pace of borrowing cost cuts boosted yields […]
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May 282012
Canadian Dollar Sees Small Gains
Canadian dollar is seeing small gains today as oil prices rise a little, and as a bit of optimism returns to the markets. There are hopes that Greece will remain in the eurozone, as well as some expectation of a eurozone solution to the sovereign debt problem. All of this is providing a boost for the loonie. Canadian dollar is seeing small gains today, improving as oil prices get a bit of a boost today. Oil prices are slightly […]
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May 282012
US Dollar Mixed in Forex Trading
US dollar is mixed in Forex trading, with markets somewhat choppy today. Greenback is once again higher than an embattled euro, but the US dollar is lower against commodity currencies. It looks to be an interesting day on the Forex market, even though US markets are closed for the Memorial Day holiday. US dollar is turning in a mixed performance today, thanks to some of the unique situations at play […]
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May 282012
MetaTrader Expert Advisors ECN-Compatibility
A major update has hit the Forex expert advisors section on EarnForex.com today. I have added ECN-compatibility to all the EAs that were coded by me — that is almost all the presented EAs. ECN-compatibility means that the expert advisor can now work with the ECN MetaTrader brokers (the ones that force market execution for the trading robots). Market execution means that you cannot add stop-loss or take-profit levels during […]
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