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Day: April 7, 2015
April 72015
Dollar Doesn’t Give Up
Lately, there were plenty of speculations if the recent drop of the US dollar means that the greenback has ended its upward thrust and is ready to retreat. As it turned out, the US currency is not yet ready to give up and rallied against its most-traded counterparts on Tuesday. The dollar’s weakness did not last long, and the currency’s rally accelerated after positive economic data from the United States. The Job […]
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April 72015
NZ Dollar Mixed amid Rebalancing
The New Zealand dollar was mixed during the Tuesday’s trading session. The currency dropped against its US counterpart but gained on the Japanese yen while traders were rebalancing their positions after the shock caused by the Friday’s non-farm payrolls from the United States. Disappointing non-farm payrolls changed the market sentiment, making the US currency much less attractive than it has been before. While it allowed many […]
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April 72015
Australian Dollar Surges After RBA Refrains from Action
The Australian dollar surged today after the Reserve Bank of Australia decided to leave its cash rate without a change. Better-than-expected retail sales added to the strength of the rally. The RBA left its main interest rate at 2.5 percent at today’s meeting, surprising many traders who have expected an interest rate cut. Still, the central bank retained its dovish bias as Governor Glenn Stevens reiterated: Further easing of policy may […]
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April 72015
Canadian Dollar Continues to Log Gains
Canadian dollar ended higher yesterday, and appears ready to continue logging gains against its major counterparts today. Loonie is mostly higher right now, although commodity market struggles could change the outcome later. Loonie is higher against its major counterparts today, thanks in part to yesterday’s good fortune. Commodity prices have been higher recently, and that has helped mining and energy stocks on the Toronto Stock […]
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April 72015
UK Services Data Helps Pound in Forex Trading
UK services data is helping the pound today. Sterling is gaining ground against the euro and the yen, and holding its ground against the US dollar. The latest gauge of UK services data from Markit showed an increase to 58.9 in March from 56.7 in February. This news is providing a bit of a boost for the UK pound, especially when taken into account with last week’s data on construction and manufacturing. For now, it […]
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April 72015
Script to Place Orders with Position Size Calculator
If you have thought that trading based on the accurately calculated position size cannot get any better, think again. Now you can use a MetaTrader script to place orders based on the calculations of the Position Size Calculator indicator. The script will detect the position size calculated by the indicator and will place a trade accordingly, whether it is an instant order or a pending one. For pending orders, it will also detect […]
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