Day: May 27, 2015

May 27
2015

Yen Weaker After Bank of Japan Minutes

The Japanese yen was weaker after the Bank of Japan policy minutes released earlier today. While the currency attempted to trim losses intraday, it resumed the decline as of now. The BoJ released the minutes of its April policy meeting during the Wednesday’s trading session. The minutes were moderately optimistic but had some negative part. For example, the report said regarding the outlook for inflation: With regard to the baseline scenario for prices, many members […]

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May 27
2015

Canadian Dollar Continues to Struggle

After a bit of a rally, the Canadian dollar is struggling again. Even upbeat comments from the Bank of Canada can’t help the loonie overcome some of the realities of the current situation. Yesterday, the Canadian dollar fell against the US dollar as the loonie’s rally came to an end. The Canadian dollar has been showing some strength recently, but it is often short-lived and overcome by other news. Loonie is down against its major […]

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May 27
2015

Pound Rally Slows in Forex Trading

The pound has enjoyed a rally recently, but that rally is slowing right now. Sterling is trading mixed today against its major counterparts. Earlier, the pound surged higher, enjoying a rally against its major counterparts as news out of the United States moderated and Forex traders pared back its Fed rate hike expectations. Additionally, the United Kingdom has seen some promising economic data recently, […]

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May 27
2015

E-Book Review: The Predictive Power of Price Patterns

I have recently found an interesting research paper. It is almost twenty years old, but it provides a really great proof of candlestick patterns working as a predictive tool. was written by G. Caginal and H. Laurent from the Mathematics Department of the University of Pittsburgh. It was first published in the 5th issue of Applied Mathematical Finance journal in 1998 and is now available as a downloadble e-book. The introduction of the article begins with the description […]

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