Day: September 3, 2012

September 3
2012

Important Week for Dollar: US Employment Data & ECB Policy Decision

The season of vacations has ended and Forex market trading should become more active. Traders face rather busy first week of autumn as many central banks will announce their rate decision. What can be expected for the dollar during the trading week? Federal Reserve Chairman Ben Bernanke drove the US currency lower last week, giving hints that the third round of quantitative easing is possible. The Fed […]

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September 3
2012

Euro Gains Slightly, But Remains Vulnerable

Euro is seeing slight gains today, heading a little higher against the US dollar. For now, the gains are somewhat limited, since trading is thin. With US markets closed for the Labor Day holiday, it is little surprise that most currencies are rangebound right now. Euro, though, is looking to eke out some gains today. Much of the euro’s strength today is coming from […]

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September 3
2012

Canadian Dollar Consolidates Last Week’s Gains

At the end of last week, the Canadian dollar posted its biggest gain since January, thanks in large part to the fact that Canada’s economy grew more than forecast for the second quarter. This pleasant surprise, along with demand for riskier assets and climbing oil prices, are boosting the loonie today. Today, there is a great deal of rangebound trading taking place. US markets are closed for the Labor Day holiday, […]

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September 3
2012

Why ATC 2012 Selection of Currency Pairs Sucks

About a year ago, I have written an article with some criticism points about the MetaQuotes’ Automated Trading Championship. Among other things, a poor selection of trading instruments is also mentioned there. But the problem with the selected currency pairs is not only their number, but the bad choice of the particular crosses. Since 2007, MetaQuotes is using the same 12 currency pairs (USD/CHF, GBP/USD, EUR/USD, USD/JPY, […]

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