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Day: April 25, 2013
April 252013
No Respite for Euro
The euro remained under pressure as continuously bad reports from Europe drive investors away from the region’s assets and make them question if the European Central Bank will act to help the failing economy. Spanish unemployment reached a new record of 27.16 percent in the first quarter of 2013. The data reignited talks about possible interest rate cut from the ECB. Yet not many analysts believe that the next week’s […]
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April 252013
Britain Avoids Triple-Dip Recession; Pound Rallies
UK pound is getting a boost today, thanks to the latest economic data. Indications that the economy grew, rather than contracted, are helping the pound, as it might mean an end is in sight for the current quantitative easing program. According to the Office for National Statistics, the UK economy expanded by 0.3 per cent in Quarter 1. Expectations had been for an increase of 0.1 per cent, and some pessimistically proclaimed that the economy would […]
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April 252013
US Dollar Struggles After Soft Economic Data
More soft economic data out of the United States is weighing on the US dollar today. Speculation that the economic recovery in the United States is slowing is sending the dollar lower against many of its counterparts. Disappointing economic data is dragging on the US dollar today. Durable goods dropped the most in seven months, and there are concerns about the still-sluggish labor market. Additionally, retail sales data has also […]
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April 252013
Swedish Krona Gains, Riksbank Ready to Intervene
The Swedish krona gained today, leading to speculations that the central bank will step in to subdue the rally of the currency that threats growth of consumer prices. The strong currency has adverse impact on inflation and the Riksbank may intervene to bring the Consumer Price Index to the target of 2 percent. Consumer prices were unchanged (posted zero growth) in March. Riksbank’s First Deputy Governor Kerstin af Jochnick thought that the rally of the krona is […]
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April 252013
Yuan Climbs as Demand from Traders Increases
The Chinese yuan advanced today, trading near the record level, as the People Bank of China increased its reference rate and demand for the currency among traders increased. The yuan finds more usage in trading as investors are attracted to the growing Asian economy. Australia announced that 5 percent of its foreign-currency reserves will be in yuans. China is the biggest trading partner of Australia. Rising demand for the Chinese currency promises growing capital […]
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April 252013
Using Hurst Exponent in Forex Trading
I have recently read about Hurst exponent (coefficient) in one research paper. It was only briefly mentioned there, but it caught my attention as a measure of market predictability that could be calculated using the commonly available chart data. It occurred to me that such a measure could be used as a handy indicator to back up other indicators and signals. But can it be really used in Forex […]
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