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Day: May 29, 2013
May 292013
Yen Profits from Signs of Global Slowdown
The Japanese yen climbed today against most major currencies as signs of global economic slowdown made investors seek safety, sending stocks and commodities down together with currencies related to growth. German unemployment climbed 21,000 last month, much more than was predicted by analysts. The International Monetary Fund revised China’s growth for this year from 8 percent to 7.75 percent. The forecast was not completely bad […]
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May 292013
Canadian Dollar Stronger After Carney’s Last BoC Meeting
The Canadian dollar jumped today against its US counterpart and trimmed losses versus the euro after the policy meeting of the Canadian central bank. At the same time, the currency declined against the Japanese yen. Mark Carney led his last meeting as Bank of Canada President and made no surprise moves. The main interest rate remained at 1 percent. Such decision was expected by Forex market participants. The BoC stated that “global […]
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May 292013
US Dollar Drops on Profit Taking and Repositioning
US dollar is down against most of its major counterparts on what many consider profit taking right now. With Forex traders preparing to reposition themselves in light of the next round of economic data and predictions for central bank movements, it is little surprise that some profit taking is happening. Greenback is lower today as Forex traders appear to be repositioning themselves and taking profits. The dollar index […]
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May 292013
UK Pound Gets Small Boost Against US Dollar
UK pound is getting a small boost against the US dollar today, thanks to some support from the latest CBI sales data. While the help is rather small, it’s a little bit of a boost nonetheless. UK pound isn’t expected to make any big moves anytime soon against any currency. The latest CBI sales data indicates an improvement for the month of May, and that is providing the pound with a little […]
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May 292013
Ringgit Suffers from Anticipation of Fed’s QE End
The Malaysian ringgit fell today as speculations about an end to US Federal Reserve’s quantitative easing continued to eat away risk appetite, spooking investors from riskier currencies. Last week’s comments of Fed board members suggested that reduction of stimulus is indeed probable. Such possibility was undermining strength of higher-yielding currencies and continued to do so today. Yesterday’s positive data from the United States increased chances for tighter […]
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May 292013
Bank of Thailand Cuts Interest Rates, Baht Weakens
The Thai baht weakened today after the central bank eased its monetary policy on concerns about slowing economic growth. The Bank of Thailand cut its main interest rate by 0.25 percentage point to 2.5 percent. Such decision was expected by market analysts. The bank voiced worries about economic slowdown: The Thai economy in the first quarter of this year grew less than expected from tepid domestic demand, which […]
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May 292013
Floating Leverage in Forex
Lately, some brokers began introducing floating leverage (Alpari on real accounts some time ago, Mayzus recently on demo accounts). What does it mean? Is it bad or good for trading? Those questions trouble many Forex traders. Floating leverage is a kind of leverage that changes (usually, decreases) as the volume of the open positions grows. Consider that you are trading normally with 1:500 leverage. Once […]
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May 292013
Ichimoku Kinko Hyo Expert Advisor
In my opinion, Ichimoku Kinko Hyo is one of the most underused technical indicators (4th least popular Forex indicator out of 13 in this poll). Yet it seems to be rather powerful and its usage is not that complex after you get some basic understanding of its five components. After studying some trading strategies based on Ichimoku, I have tried to create a profitable trading robot that would […]
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