Day: December 27, 2013

December 27
2013

Won Rises as Exporters Convert Earnings Ahead of Year-End

The South Korean won advanced today, unharmed by the risk aversion sentiment on the Forex market, as Korea’s exporters were converting their earning into the local currency ahead of the year-end. Unlike some other Asian currencies, including the Indonesian rupiah, the won was not bothered by the risk-negative sentiment among investors. South Korean exporters were selling dollar to convert their overseas profits into the domestic currency, increasing demand for the won. There […]

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December 27
2013

Rupiah Suffers from Fears of Capital Outflows & Current Account Deficit

The Indonesian rupiah fell today as the announcement of quantitative easing tapering by the US Federal Reserve spurred capital outflow from the country, leading to concerns that the nation’s current account deficit may widen. The Fed announced last week that it is starting to scale back its monetary stimulus. The announcement made investors flee risky assets, including currencies of emerging economies. The Indonesian current account has been in a deficit for two […]

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December 27
2013

EUR/USD Jumps as Weidmann Warns About Excessive Easing

EUR/USD jumped today after Jens Weidmann, President of the Deutsche Bundesbank and European Central Bank Governing Council member, said that low inflation is no excuse for the ECB to maintain interest rates too low. The currency pair is falling, but remains above the opening level right now. Crude oil inventories decreased by 4.7 million barrels last week and are in the upper limit of the average range for this time […]

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December 27
2013

Brute-Forcing Heiken Ashi EA Ideas

I have never been a huge fan of Heiken Ashi and I still have not recorded any trades on my live account based on this charting technique. But, from what I had known about Heiken Ashi, it looked like an interesting system that could be used in price action type of trading. And since I am not a big believer in trading systems with lots of optimizable parameters, I decided to use HA as a basis […]

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