MetaQuotes has spurred my development process, forcing me to release the next version of the Position Size Calculator indicator much faster than I had intended to. Their latest changes to both MT4 and MT5 platforms prevented compilation of the PSC source code due to new way the string variables must be compared. Luckily, I think I had enough time to test my other changes too, and now I am able to offer an interesting update […]
Read moreThe Swedish krona climbed against the US dollar and the euro after the Sweden’s central bank policy meeting even though the bank kept interest rates negative and extended the asset purchase program by six months. The Riksbank announced today: The Executive Board of the Riksbank has decided to continue purchasing government bonds during the first six months of 2017, both nominal and real bonds, each corresponding to SEK 15 billion. The repo rate […]
Read moreThe Swedish krona climbed against the US dollar and the euro after the Sweden’s central bank policy meeting even though the bank kept interest rates negative and extended the asset purchase program by six months. The Riksbank announced today: The Executive Board of the Riksbank has decided to continue purchasing government bonds during the first six months of 2017, both nominal and real bonds, each corresponding to SEK 15 billion. The repo rate […]
Read moreToday’s US housing data was good but it did not prevent the dollar from losing to the euro. Analysts explained such behavior by traders’ desire to lock in profits ahead of the year-end. Existing home sales rose to the seasonally adjusted annual rate of 5.61 million in November from a downwardly revised 5.57 million in October (5.60 million before the revision). Experts predicted a decline to 5.52 million. (Event A on the chart.) Crude oil […]
Read moreThe Japanese yen started today’s session by gaining some ground against major currencies before losing most of its gains during the American trading session. The strengthening of the Japanese yen followed today’s announcement by the Bank of Japan regarding interest rates on deposits made using the yen. However, the yen was unable to sustain its gains for the entire day as other major currencies rose higher against it to erase most of its gains. The BoJ is […]
Read moreThe Japanese yen started today’s session by gaining some ground against major currencies before losing most of its gains during the American trading session. The strengthening of the Japanese yen followed today’s announcement by the Bank of Japan regarding interest rates on deposits made using the yen. However, the yen was unable to sustain its gains for the entire day as other major currencies rose higher against it to erase most of its gains. The BoJ is […]
Read moreThe New Zealand dollar fell today, dropping for the six consecutive day against the US dollar, following the release of a worse-than-expected trade balance report. New Zealand’s trade deficit shrank from NZ$815 in October to NZ$705 million in November. While not a bad reading by itself, it was notably worse than the analysts’ median estimate of a NZ$500 million shortage. Credit card spending rose 4.1% last month from a year ago, […]
Read moreThe New Zealand dollar fell today, dropping for the six consecutive day against the US dollar, following the release of a worse-than-expected trade balance report. New Zealand’s trade deficit shrank from NZ$815 in October to NZ$705 million in November. While not a bad reading by itself, it was notably worse than the analysts’ median estimate of a NZ$500 million shortage. Credit card spending rose 4.1% last month from a year ago, […]
Read moreThe Australian dollar fell against its major peers today after the drop of the nation’s leading index and amid the risk-negative sentiment on the Forex market. The report released by Melbourne Institute today said: The six month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, fell from 0.51% in October to 0.11% in November. The domestic data […]
Read moreThe Australian dollar fell against its major peers today after the drop of the nation’s leading index and amid the risk-negative sentiment on the Forex market. The report released by Melbourne Institute today said: The six month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, fell from 0.51% in October to 0.11% in November. The domestic data […]
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