Day: February 13, 2015

February 13
2015

Dollar Falls vs. Yen After Poor US Data

The US dollar fell against the Japanese yen today following poor macroeconomic data from the United States. The greenback was basically flat against the euro and the Great Britain pound. The University of Michigan released its preliminary estimate of the US consumer sentiment index. The indicator dropped from 98.1 in January to 93.6 this month even though analysts predicted no change. Additionally, both import and export prices fell last month, […]

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February 13
2015

Canadian Dollar Gains for Second Day

The Canadian dollar went higher today with the help of better-than-expected macroeconomic data from Canada as well as due to the rally of crude oil prices. It was the second consecutive daily gain against the US dollar and the euro. Canada’s manufacturing sales grew 1.7 percent in December after falling 1.3 percent in November. The increase was more than two times bigger than the 0.8 percent growth predicted by analysts. The Brent grade […]

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February 13
2015

Eurozone Growth Helps the Euro in Forex Trading

Euro is heading higher today, thanks in large part to the latest economic data out of the eurozone. Thanks to help from Germany, the latest GDP reading has moved higher, and that is providing help to the 19-nation currency. The last quarter of 2014 saw an increase in the eurozone’s GDP. Eurostat reports that GDP was 0.3 per cent higher during the fourth quarter than it was during the third quarter. Not […]

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February 13
2015

Margin Warnings When Calculating Position Size in MetaTrader

The Position Size Calculator indicator for MetaTrader has received a major update in its newest version. It can now warn traders if the planned trade will trigger a stop-out event or if there is not enough money to execute such a trade. The full list of changes includes and is applicable to MT4 and MT5: Margin display: planned position margin requirement (takes possible hedging into account), future used margin, […]

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February 13
2015

EUR/USD Remains Flat

EUR/USD traded sideways following yesterday’s gains. It is a bit surprising that the currency pair did not continue to rally considering that economic news from the United States was not good while reports from the eurozone were mostly positive, especially the faster-than-expectedeconomic growth in Germany. (Event A on the chart.) US import and export prices dropped in January. Import prices were down as much as 2.8% (but still not […]

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