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Day: January 23, 2013
January 232013
Dollar Fluctuates as US Politicians Temporary Remove Debt Ceiling
The US dollar fluctuated today after lawmakers voted to remove the debt ceiling temporary. The debt ceiling issue was spoiling the traders’ mood and without it traders felt confident enough to part with the dollar. Yet not all news was good and that allowed the greenback to retain some of its strength. US politicians voted in Washington today to remove the cap on borrowing as they are seeking ways to trim spending. The measure […]
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January 232013
CAD Drops to Parity with USD on BoC Statement
The Canadian dollar slumped today, reaching parity with its US counterpart, after the Bank of Canada suggested that an interest rate cut is not necessary immediately and may be postponed. The BoC left its main interest rate at 1 percent. The bank said that “the global economic outlook is slightly weaker” that was projected in October. The BoC noted Europe’s recession that is likely to drag on this […]
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January 232013
Improved Jobs Data Helps UK Pound
UK pound is heading higher today, thanks in large part to better than expected jobs data. Between signs of economic improvement, and good news out of the eurozone, the UK pound is finding some solid support today. The Office for National Statistics indicates that, in December, the United Kingdom saw a decline of 12,100 in terms of jobless claims. This news came as a surprise, since many economists and analysts had expected an increase […]
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January 232013
Euro Gains Following Successful Portuguese Bond Auction
Euro is gaining against the US dollar today, heading higher as risk appetite makes an appearance on the currency market. Helped along by successful bond auctions in the eurozone’s periphery, the euro is showing some strength. The gains, though, might be threatened by a debt ceiling vote in the United States. Portugal held a bond auction for the first time since it was bailed out in 2011, and the results were rather favorable. The Treasury aimed […]
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January 232013
Won Drops as Government Ready to Intervene
The South Korean won depreciated today after Finance Minister Bahk Jae Wan warned that the lawmakers may curb the recent gains of the currency. Such comments reduced the attractiveness of the won. Bahk said that the government is “all ready” to reduce the exchange rate volatility. Fears of an intervention drove traders away from the won. The currency reached the highest level in more than a year last week. Last year, the currency has […]
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January 232013
AUD/USD Pares Losses, AUD/JPY Maintains Weakness
The Australian dollar fell at the beginning of today’s trading session as Australia’s consumer prices rose last quarter slower than was predicted. The currency pared losses versus the US dollar, but remained weak against the Japanese yen. The Australian Consumer Price Index grew just 0.2 percent in the fourth quarter of 2012 after rising as much as 1.4 percent in the previous quarter. Analysts have hoped for 0.4 percent growth. The falling CPI […]
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January 232013
Breakout Indicator for MetaTrader
Today, a new indicator has been added to EarnForex.com — TradeBreakOut. It is very simple indicator that is based on price minimum and maximum calculation. This oscillator indicator is described in Market Fraction Hypothesis: A Proposed Test article by Michael Kampouridis, Shu-Heng Chen and Edward Tsang published in International Review of Financial Analysis #23 (2012) (by the way, I really recommend reading that article). The whole indicator is just a few […]
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