Breaking News
December 6
2007

New Zealand Dollar Rises on Unchanged Rate

New Zealand dollar rose against all other major currencies after the Reserve Bank of New Zealand left the Official Cash Rate (OCR) — short-term lending interest rate — unchanged at 8.25%. And as it was hinted by Bank Governor Alan Bollard the rate is not likely to be lowered until 2009. Alan Bollard marked labor market problems and the slowdown in housing sector as the main obstacles for the economical growth increasing: Economic […]

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December 5
2007

Great Britain Pound Falls on Rate Cut Expectation

Great Britain pound reached its two month minimum value against U.S. dollar today under the pressure of an interest rate cut during tomorrow Bank of England rates decision. GBP/USD touched 2.0353 level — the lowest since October 23. Chartered Institute of Purchasing and Supply released its PMI data today showing a decrease to 51.9 in November from 53.1 in October, while analysts expected almost the same number in November — […]

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December 5
2007

Dollar Stronger Against Euro, Pound

Dollar started to trade higher today against euro after the productivity report by the Bureau of Labor Statistics came out, as it was trading against pound sterling earlier in the morning after some bearish data on United Kingdom PMI and housing were released. Nonfarm productivity (revised value) in third quarter of 2007 increased unexpectedly well — by 6.3%. Previous value was 4.9% and the analysts’ expectations averaged at 5.8% growth. This indicator […]

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December 4
2007

Bank of Canada Cuts Overnight Rate

Bank of Canada lowered overnight interest rate by 0.25% to 4.25% today during its scheduled meeting; this interest rate will be used until at least the next such meeting which will be held on January 22, 2008. Bank of Canada announced that since the last Monetary Policy Report there were numerous economical and financial events that influenced both the economical growth of the country and the inflation. October total […]

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December 4
2007

New Zealand Dollar – Victim of Carry Trade

While the Japanese yen is surely a benefiting currency when it comes to the carry trade panic, some currencies feel extremely bearish at the times of global financial instability and other factors that bring down risk appetites. New Zealand dollar is one such currency. Carry trade is a global trend in the high-yielding investment industry, where traders buy high-risk currencies such as South African rand and New Zealand […]

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December 4
2007

Yen Rise Against High-Yielders

Yen continued its fall today while the high-yielding currencies like Australian dollar, Great Britain pound and other currencies were sold for Japanese yen to secure the risks connected with carry trading. AUD/JPY, one of the carry trade locomotives of the past, fell from 98 to 96 within two days since the start of the week. Further carry trade unwinding was caused by the speech of Henry Paulson,U.S. Treasury Chairman. He said […]

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December 4
2007

New MetaTrader Indicator

I’ve added a new MT4 indicator — Var Mov Avg — based on the varying period moving averages crosses. It can be used as a current trend indicator and can be very good on the trendy markets. On the flat market it will show some bad picture, but it can be filtered out. This indicator also produces a sound alert every time it detects a trend change.

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December 3
2007

Indian Rupee Firmer on Invetment Stability

Indian rupee added some weight earlier today as the investment inflow into the country’s stock markets continued to grow and the major Indian stock indexes – SENSEX and NIFTY – are in the green zone. USD/INR decreased by 5 Indian paise from the previous week close at 39.62 to 39.57 today. Recent Reserve Bank of […]

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December 3
2007

Strategists: Dollar Is Likely to Rebound in 2008

38 securities companies were surveyed by Bloomberg about their vision of the U.S. dollar’s future. After dollar lost more than 11% against euro this year, majority of the strategists are sure that the next year will be marked with the dollar rebounding versus major world currencies. As the U.S. trade balance deficit narrows at a […]

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December 3
2007

MetaTrader 4 Expert Advisors and Indicators

I’ve reworked the MetaTrader expert advisors page significantly, removing more than a half of the expert advisors that were poorly tested earlier and aren’t profitable according to my new test results. I’ve been testing all the expert advisors on the period from 11/19/2006 to 11/19/2007 and EAs that were successful on this period I also tested on a 11/19/2004 to 11/19/2007 period to confirm their results stability. All backtests had 90% testing quality. […]

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