Day: April 9, 2013

April 9
2013

Euro Struggles on German Export Data

Euro is struggling today. Even though the 17-nation currency is gaining ground against the US dollar, it has been down against other majors (but it seems to be making progress now). The latest German export data, and concerns about continued eurozone recession, are weighing on the euro. Even though the euro is higher against the US dollar right now, it is struggling against other […]

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April 9
2013

Japan’s QE Leads to Stronger Thai Baht

The Thai baht gained today, reaching above 29 per dollar for the first time since 1997, as excessive quantitative easing in Japan led to capital inflows to other Asian nations, including Thailand. The near-zero interest rates in Japan drive investors to take money from the country and invest them in economies with higher returns (the practice known as carry trade). Thailand looks an attractive option with its stable economic and political environment. […]

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April 9
2013

US Dollar Pulls Back on Risk Appetite

US dollar is pulling back against high beta currencies today, heading a little bit lower as risk appetite appears. Good news out of China is helping the situation, even though there are still concerns about eurozone recession. Dollar is also poised to rally against the yen, and breach the 100-yen level. US dollar is lower against its major counterparts today. Even against the euro, […]

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April 9
2013

QE in USA & Japan Boosts Demand for Higher Yield, Aussie Profits

The Australian dollar climbed against the US dollar and the Japanese yen today as quantitative easing in the United States and Japan increased attractiveness of currencies with higher yield. Excessive accommodative monetary policies are prevalent in developed nations, making investors seek profit from riskier assets. The Aussie profited in this situation, surging against its US counterpart. The gain versus the yen was more limited, perhaps because the Japanese currency has […]

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April 9
2013

cAlgo Robots — Coding Basics

One of the main reasons you might want to choose cTrader as your Forex platform is to access its cAlgo part in order to develop and use custom trading robots. In MetaTrader platform, such robots are called expert advisors. In ÑTrader, they are called cBots. At present, the possibilities offered by cTrader/cAlgo in terms of trading automation are much less exciting than those provided by MetaTrader/MQL. Nevertheless, they are important part […]

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April 9
2013

Yen Pauses Downfall, Remains Weak

The Japanese yen paused its downfall today, but still trades near multi-year lows against other majors and is likely to continue experience weakness as the aggressive monetary policy erodes currency’s strength. The Bank of Japan announced an impressive stimulating program last week, debasing the yen. The currency was falling since then and it does not look like the drop will end anytime soon. Usually, some form of correction […]

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April 9
2013

CAD Fluctuates amid Uncertainty About Canada’s Economic Growth

The Canadian dollar fluctuated against its US peer as investors were unsure about prospects for the Canadian economy. The currency fell against the euro and rallied versus the Japanese yen. The last week’s terrible employment data shocked the Forex market, being worse than even most pessimistic forecasts. Market participants remained shaken by the bad report and this translated into weakness of the Canadian currency. Yet some confidence returned, partly helped […]

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