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Day: November 24, 2014
November 242014
Outlook for Euro: Bears Wait for Downtrend Resumption
The euro has been performing decently for the most part of the last week but ended the week on a sour note after comments from the central bank. Can the currency recover or will it drop to new lows? That is the question many Forex market participants are looking an answer for. The major bearish factor for the currency is the policy outlook, and it is not likely to change anytime soon. European Central Bank President […]
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November 242014
NZD Fails to Rally vs. USD, Keeps Gains vs. JPY
The New Zealand dollar attempted to rally against its US counterpart but failed and trades below the opening level right now. At the same time, the currency managed to maintain gains versus the Japanese yen. The difference in the kiwi’s performance against different peers can be explained by disparity in monetary policy outlooks. Market participants count on monetary tightening from the Federal Reserve in a relatively near future. Meanwhile, the Bank of Japan has easing […]
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November 242014
Brazilian Real Falls as Finance Minister Not Named Yet
The Brazilian real fell as President Dilma Rousseff has not yet announced a person who will take the finance minister seat. This added to concerns that Brazil will struggle to overcome problems that its economy has. The Brazilian currency rallied on Friday due to reports that former Treasury Secretary Joaquim Levy would be named the new finance minister. Yet there are rumors that the government wants […]
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November 242014
Less-Known Features of MetaTrader Platform
When talking about MetaTrader’s (4 or 5) most used features, the first ones that spring to mind are: charts, expert advisors, indicators, backtesting, optimization, trading orders, trailing stop, etc. At the same time, there are features that can be very useful but are often overlooked by traders. Not because they are hidden but rather because they are less advertised by other traders […]
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