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- December 16, 2020 eToro: History and Key Features
- December 11, 2020 Canadian Dollar Pauses 2020 Rally Against US Peer Amid Falling Crude Prices
- December 11, 2020 Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent
- December 11, 2020 USD/JPY 104.57 High Starting a New Bearish Leg?
Author: admin_mm
December 232007
Automated Trading Championship 2007 Came to End
The Automated Trading Championship 2007, which was started by the MetaQuotes Software Corp. (the company that made MetaTrader trading platform), ended yesterday and the winners have been announced: Participant Better earned the first prize of $40,000 with his outstanding neural network expert advisor, which has turned $10,000 into $130,475.45 in 12 trading weeks. Too bad this has been done on demo account, not real :-). […]
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December 222007
Finance Minister of India: Rupee’s Rate is Driven by Markets
Indian Finance Minister, Palaniappan Chidambaram, said yesterday that the the rupee’s value is determined only by the market participants and is not regulated by the government in any way. The Indian rupee lost 0.5% this week falling down to 39.555 against the U.S. dollar after almost three weeks of gain. Indian currency gained more than […]
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December 222007
Forex Technical Analysis for 12/2412/28 Week
EUR/USD trend: hold.GBP/USD trend: hold.USD/JPY trend: hold.EUR/JPY trend: hold. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4166 1.4238 1.4308 1.4380 1.4450 1.4522 1.4592 GBP/USD 1.9269 1.9539 1.9687 1.9957 2.0105 2.0375 2.0523 USD/JPY 111.62 112.18 113.09 113.65 114.56 115.12 116.03 EUR/JPY 160.10 160.92 162.41 163.23 […]
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December 212007
AUD Rises Against U.S. Dollar and Yen
Australian dollar improved its positions against U.S. dollar and Japanese yen today after the very successful Asian/Australian stock markets session and some promising report on the country’s economy. AUD/USD increased 1% — a largest gain since last Wednesday, whereas AUD/JPY gained a little more than 0.9%. The growth of the Australian dollar was sprung after the country’s stock market along with the Japanese one began to recover the losses. Report […]
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December 212007
EUR/USD Corrects Up Before Holidays
EUR/USD played back fully the yesterday’s decline, but still ended the last week before the holiday period with a small loss. Forex market will be open despite of any holidays, but the price volatility will be low and no major movements can be expected. November personal income and spendings report turned out to be better than it was for October and not the least reason for it lies […]
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December 202007
British Pound Declines for a Third Day
Pound sterling is experiencing a continuous downfall that started more than a month ago in earlier November. GBP/USD has lost more 5.8% since November 9 — when it reached its maximum value in many years. After gaining about 0.3% this Monday, GBP/USD showed the same-sized fall on Tuesday after CPI data was published reporting a lower than expected prices growth. Wednesday was even […]
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December 202007
Dollar Steady Against Pound, Euro
U.S. dollar gained against other currencies today, showing a significant change in GBP/USD, along with a little less strong appreciation in EUR/USD. As no important positive data was released for USD, this growth may be accounted to the inertial buying of dollar and position closing on the previous good news and the loss of interest to carry trade. Final numbers for GDP growth and GDP deflator in Q3 2007 were released today, but they […]
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December 192007
Czech and Polish Central Banks Leave Rates Unchanged
After two other European central banks decided to hold their current interest rates, Czech and Polish banks chose to follow the same way and didn’t change their reference interest rates despite the fact that they both raised the rates at the end of November. Today both central banks had their scheduled monetary policy meetings at the same time at 2 p.m. GMT. Czech National Bank left rate at 3.50%, […]
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December 192007
Swedish Riksbank Leaves Rate at 4.00%
Swedish central bank left the main interest rate unchanged at 4.00% during the meeting of the Executive Board on 18 December. The economy growth slowdown didn’t allow the Riksbank to increase the interest rate according to their uptrend policy maintained since January 25, 2006. The Board has noted that the economic activity in Sweden is […]
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December 182007
Chinese Yuan Appreciates on Diversification
The United States Treasury International Capital report showed that China has been selling its Treasuries for a third month in a row in October 2007, which may signal for the start of the funds diversification. Yuan rose by 0.06% after this release, climbing up to 7.3828 per U.S. dollar from 7.3873 at the close yesterday, […]
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