Day: April 8, 2013

April 8
2013

Mixed Views on Pound’s Performance This Week

The Great Britain pound was rallying recently following weakness in the first half of March. Is the rally sustainable or it is just a pause before a drop to new lows? Analysts have mixed view on this matter. There are factors that are supportive for the sterling. First of all, the neutral monetary stance, demonstrated by the Bank of England last week, showed yet again that policy makers are reluctant to expand already […]

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April 8
2013

Forint Climbs as Central Bank Discusses Methods to Spur Growth

The Hungarian forint gained today as the central bank started meeting with commercial lenders to discuss plans to encourage loans and spur economic growth as a result. The Magyar Nemzeti Bank discusses with private banks an introduction of interest-free loans that should help small businesses. It is one of unconventional methods used by the Bank to revive the economy. Today’s gains of the forint followed the last week’s rally, which was biggest in nine months. […]

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April 8
2013

UK Pound Mostly Lower on Continued Economic Weakness

UK pound is mostly lower today, thanks in large part to economic weakness. Economic reports point to continued difficulties in the United Kingdom, and that is leading to expectations of more easing — and continued weakness for the pound. Economic reports continue to threaten the British economy with a triple-dip recession. The Bank of England has been asked to do what it takes to stimulate the economy, and that might mean an increase in quantitative easing efforts down […]

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April 8
2013

Chilean Inflation Beats Forecast, Making Peso Stronger

The Chilean peso advanced today as consumer inflation accelerated more than analysts have expected. The data spurred speculations that the central bank may raise interest rates to slow growth of consumer prices. The Consumer Price Index rose 0.4 percent in March from February. The median forecast was at 0.3 percent. Annual inflation accelerated from 1.3 percent to 1.5 percent. Economists think that the Central Bank of Chile may […]

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April 8
2013

Euro Higher, Even with Latest Portugal Concerns

Euro is higher right now, gaining across the board, even with the latest portugal concerns. Traders are looking for yield, and that is helping the euro right now. But there are whispers that the breakup trade could be back on the table. Right now, investors and traders are looking for yield. Spanish and Italian bonds are in demand, and high beta currencies are gaining. This comes even as concerns […]

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April 8
2013

Indicators with Alerts or Without Alerts?

Alert is a useful feature of an indicator to warn trader about some important event — a color of an indicator changing, or its value approaching some significant level, or a plain buy/sell signal arriving. MetaTrader platform (version 4 and 5) supports three types of conventional alerts: Sound — PlaySound() function can be used to play a small but noticeable sound file (.wav) to alert a trader. Popup — invoked with MQL Alert() function, […]

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