Day: November 18, 2013

November 18
2013

US Dollar Drops on Federal Reserve Reluctance to Taper

US dollar struggles as it become clear that the Federal Reserve is reluctant to taper. Plus, demand for riskier assets is reducing the interest in the greenback today. US dollar is struggling today, thanks to a combination of risk appetite and the reluctance of the Federal Reserve to begin its taper of the asset purchase program stimulating the US economy. Right now, risk appetite has returned to the markets. US stocks are surging, with the Dow […]

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November 18
2013

Euro Makes Progress on Risk Appetite

Euro is heading higher today, making progress as risk appetite improves. With traders looking for higher yields, the euro is getting a little help, even after the recent rate cut from the ECB. Good news out of China, plus the reluctance of the Federal Reserve to slow its stimulus efforts. Euro is getting a boost today, starting off the week by moving back above the 1.3500 market against the US dollar. […]

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November 18
2013

Indian Rupee Higher on Fed Stimulus & RBI Policy

The Indian rupee rose today on hopes that the US Federal Reserve stimulus will maintain capital inflows into the Asian country and on expectations of an interest rate hike from the Indian central bank. Last week’s speech of Janet Yellen, the next Fed Chairperson, made speculators believe that the US central bank will keep monetary accommodation intact and such outlook allowed investors to bring their money into emerging markets […]

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November 18
2013

Australian Dollar Rises as China Plans Reforms

The Australian dollar rose today as signs of economic reforms in China, the biggest trading partner of Australia, improved the risk sentiment of Forex traders and prospects for nation’s exports. Last week, the Chinese Communist Party was discussing the future of the country. The discussions resulted in plans for liberalizing laws, regulations and economy. The Aussie rallied on the news, but gains were limited by prospects for an interest rate cut from the Reserve Bank of Australia. AUD/USD rose from 0.9372 […]

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November 18
2013

Do You Use Robot or Strategy with Martingale Position Sizing?

I have already written about Martingale trading system before numerous times: This blog post from March 2008 explains why it is popular in Forex and why it fails. This is a detailed description of a simple Martingale trading system. And this post explains different position sizing techniques, giving some warnings about Martingale. I would not want to reiterate my previous points about its advantages and dangers, […]

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