Day: November 26, 2015

November 26
2015

Traders Dynamic Index (TDI) Converted to MT5 and cTrader

As a way to celebrate Thanksgiving, I have finally found some time to convert one of the most popular MT4 indicators to the two less popular platforms: MetaTrader 5 and cTrader. You will also find a more detailed and precise description of the indicator on EarnForex.com. Meanwhile, I have also updated the MT4 version for better compatibility with Build 600 changes and fixed some minor bugs within it. MetaTrader 5 MT5 version is not […]

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November 26
2015

Canadian Dollar Flat, Can Potentially Go Lower

The Canadian dollar was little changed during Thursday’s quiet trading. The currency fell versus the US dollar intraday but is trading near its opening level currently. Falling prices for crude oil coupled with poor economic data from Canada suggest that the currency may go lower once trading recovers after the holiday in the United States. Profits of Canada’s corporations were down 5.4 percent in the third […]

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November 26
2015

Euro Continues to Drop as Stimulus Speculations Persist

The euro fell against the US dollar and the Japanese yen and erased its earlier gains versus the Great Britain pound during the Thursday’s quiet trading session as speculations about monetary stimulus from the European Central Bank continue to undermine the currency’s strength. Market participants continue to anticipate that the ECB would ease its monetary policy in December (actually as soon as the next week). At the same time, most of them also expect monetary […]

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November 26
2015

Economic Data Stops Aussie’s Rally

The Australian dollar dropped today as Australia’s economic data released during the current trading session was not impressive at all. The currency fell for the first day in three against its other major peers. Australia’s private capital expenditure slumped as much as 9.2 percent in the September quarter from the previous three months. This is compared to the forecasts that had promised a much smaller drop by 2.8 percent. The Aussie declined due […]

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November 26
2015

Brazilian Real Falls as Current Account Deficit Widens

The Brazilian real dropped today after data that showed an increase of the current account deficit. Yesterday’s decision of the nation’s central bank to keep monetary policy unchanged was also unsupportive to the currency. The current account gap widened from $3.076 billion in September to $4.166 billion in October. Close to the end of the previous session, the Central Bank of Brazil announced that it is leaving its main interest rate at 14.25 percent. The central […]

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November 26
2015

Euro Slumps to Fresh 7-Month Low vs. Dollar

The euro slumped on Wednesday and retained its losses during the early Thursday’s trading session, staying near the lowest level since April versus the US dollar. The currency suffered from the outlook for monetary easing from the European Central Bank and risk aversion on the Forex market. Many market participants speculate that the ECB is going to add stimulus on its December policy meeting. Reuters fueled such speculations, reporting that “the European […]

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