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Day: February 12, 2013
February 122013
Franc Rises Despite Wishes of Swiss Policy Makers
The Swiss franc rallied today even as Swiss policy maker were complaining about the strength of the currency, hinting that they are going to keep the franc weak. The currency erased gains versus the euro and fell against the yen. Swiss National Bank President Thomas Jordan told reporters that the franc is “still at a high level even at the current price”. He defended the central bank’s measures to keep the currency weak, claiming […]
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February 122013
Canadian Dollar Looks to Regain Some Ground
Canadian dollar is looking to regain some ground, but some of the gains against major counterparts may not last. Loonie is struggling a bit, thanks to “valuation fatigue”, and that could mean a lower Canadian dollar in the near term. According to Societe Generale, the Canadian dollar is likely experiencing “valuation fatigue”, and that is weighing on the currency to some degree. While this state of affairs might weigh on the loonie in the near […]
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February 122013
Polish Zloty Drops on Concerns About Slowing Inflation
The Polish zloty went down today on speculations that a report this week may show that inflation slowed last month for the fourth consecutive month, giving the central bank incentive to lower interest rates. Analysts estimated that inflation declined from 2.4 percent in December to 2 percent in January, the lowest level since August 2010. The National Bank of Poland may cut interest rates yet again after it […]
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February 122013
Euro Gains After Currency War Pledge
Euro gained earlier, following a pledge from G-7 nations to avoid a currency war. Euro is still higher against the US dollar right now, although it is paring some of its earlier gains. Concerns about a global currency war have been high recently, and worries that a race to the bottom would ensue have had some Forex traders on edge. In an attempt to allay those fears, G-7 countries […]
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February 122013
North Korean Nuclear Test Spurs Risk Aversion, Rand Suffers
The South African rand dropped today after the North Korean nuclear weapon test increased geopolitical tension, making investors seek safety and avoid riskier assets. North Korean performed an underground test of nuclear weapon, defying the United Nations. The Korean Central News Agency said that the test was successful. The resulting worries hurt the risk sentiment, and the assets associated with risk suffered as it often happens when political problems […]
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February 122013
Calculating Position Size for Any Trading Instrument
Almost a year has passed since the Position Size Calculator for MetaTrader was introduced in this blog. It is currently the third most popular indicator on EarnForex.com, losing only to Pinbar Detector and Market Profile. Unfortunately, while being extremely useful and pretty flexible, it failed to work with many trading instruments (e.g. CFDs or exotic currency pairs), especially if your account was not based in USD. But […]
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February 122013
Yen Continues Downfall
The Japanese yen posted the biggest drop in more than two weeks yesterday and retained the drop today as comments of various politicians suggested that the currency will be allowed to fall further. Haruhiko Kuroda, a potential contender for the Bank of Japan governor, said that an accommodative monetary policy can be justified for 2013. The statement followed the comments of Japanese Finance Minister Taro Aso, who said that the currency had fallen too […]
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