- December 21, 2020 Do we get tax benefits on Personal Loan?
- December 18, 2020 The solicitors Preston depends on for stress-free compensation claims
- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Day: April 17, 2013
April 172013
Loonie Loses Strength as Growth Projections Lowered
The Canadian dollar dropped against safer currencies today as both the Bank of Canada and the International Monetary Fund revised negatively their projections of Canada’s economic growth. The loonie managed to outperform the euro. The Bank of Canada kept its main interest rate at 1 percent during today’s monetary policy meeting. The central bank said that the average growth in 2013 will be at 1.5 percent, down from the previous projection of 2 percent. […]
Read more
April 172013
Dollar, Yen Rise on Safe Haven Demand
US dollar and Japanese yen are both gaining ground today, rising on safe haven demand. Concerns about the global economy are weighing on commodities and high beta currencies, and that is helping safe haven currencies. Both the US dollar and the Japanese yen are gaining against their high beta counterparts today. The IMF recently downgraded its forecast for global economic growth, and that has some worried about […]
Read more
April 172013
UK Pound Struggles after Unemployment Numbers
UK pound is struggling today, dropping as lackluster economic data continues to indicate that more stimulus is likely. This time, it’s about the unemployment numbers. The UK economy has been struggling for years now, and is flirting with a triple-dip recession. That possibility just came a little bit closer with the release of the latest unemployment numbers. The Office for National Statistics reports that the UK unemployment rate has […]
Read more
April 172013
Indonesian Rupiah Advances as IMF Boosts Japan’s Forecast
The Indonesian rupiah appreciated today as the International Monetary Fund boosted its forecast for Japan’s economic growth, improving prospects for Indonesian exports. The IMF increased its estimate for Japan’s growth this year to 1.6 percent. Japan is the second-biggest importer of Indonesian shipments, 40 percent of which consist of commodities. The news added to the positive general market that supported higher-yielding currencies. USD/IDR fell 0.1 percent to 9,720 as of 9:51 GMT today. […]
Read more
April 172013
Yuan Hits Record Ahead of G-20 & IMF Meetings
The Chinese yuan posted the biggest gain in four months and reached the record high today as the central bank raised the daily fixing and policy makers suggested that the currency will be allowed to trade in broader range. The Peopleâs Bank of China increased the reference rate by 0.11 percent to 6.2342 per dollar. According to the China Daily, Wang Yu, the deputy director-general of the PBoC research bureau, said that the central bank will widen the trading […]
Read more
April 172013
Using Recurrent Neural Networks in Forex
Today, I present a new e-book for a free download from EarnForex.com. It is Using Recurrent Neural Networks to Forecasting of Forex written by V. V. Kondratenko and Yu. A. Kuperin from the Saint Petersburg State University. This scientific article has been published back in 2003 and was among the first ones to offer some real insight on the capabilities of neural networks to predict foreign exchange rates. As it often happens with […]
Read more
April 172013
AUD/JPY Extends Gains, AUD/USD Drops
The Australian dollar extended yesterday’s gains versus the Japanese yen and losses against the euro today. The currency weakened against the US dollar, paring the earlier rally. The market sentiment remained mildly positive, supporting riskier assets. The MSCI World Index of stocks rose 0.5 percent yesterday. The Thomson Reuters/Jefferies CRB Commodity Index advanced 0.8 percent. The rally of shares and raw materials helped currencies related to growth. The good traders’ mood […]
Read more