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Day: July 18, 2012
July 182012
Australian Dollar Benefits from Rally on Stock Markets
The Australian currency managed to set new highs against its major counterparts or simply rise against those that were too fast to chase for the new records. The AUD benefited from the elevated interest in high-yieldingcommodity-related assets. The Australian dollar (or Aussie) went up to 10-week high against its US namesake, a decades-long maximum against the euro, and advanced against the Japanese yen. The currency also rose to 2-month high versus its New […]
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July 182012
EUR/USD Continues to Move Down on European News
The dollar rose against the euro today during the early European trading session on some negatively revised eurozone construction indicators (event A on the chart.) The currency pair seems to be mostly ignoring the US releases. EUR/USD managed to rebound a little following the release of the consultation report by IMF that called for pan-European deposit insurance. Building permits fell from 784k to 755k in June — 10k below the median forecast. Building permits rose to a seasonally […]
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July 182012
Free Expert Advisor to Trade Forex Price Spikes
After reading the May issue of the Currency Trader magazine, I have decided to extend the concept of spike trading that they had presented there. As a result, you can now try out a new expert advisor optimized for USD/CAD daily charts that can gain considerable amounts of profit with rather low drawdown according to its backtest. You can download the full backtest report for more than 11 years and analyze […]
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