Posts Tagged ‘ time ’

Markets Confused about Canadian Dollar

On a trade-weighted basis, the Canadian Dollar (aka Loonie) has appreciated nearly 10% in 2010. At the same time, it has fallen 8% against the Dollar since the beginning of May. This contradiction is reflected in an explosion in volatility: “CAD has been very volatile – the average intraday spread between the high and low [ READ MORE ]

EUR/USD Extends Gains on Low Nonfarm Payrolls & Factory Orders

EUR/USD currency pair extended its gains today as lower-than expected nonfarm payrolls and decreasing factory orders added to signs that the U.S. economic growth slows. While the employment in the U.S. was showing troubling results for some time, the manufacturing sector previously supported the optimism for the U.S. And even it can’t support… [ READ MORE ]

G-20 Much Ado About Nothing

G-20 members meeting in Toronto agreed to reduce their collective fiscal deficits in half by the year 2013 and stabilize or reduce the debt-to-GDP ratios by 2016. However on the issue of bank regulation, the G-20 adopted a more cautious schedule noting, “Based on our agreement at the Pittsburgh Summit that Basel II will be [ READ MORE ]

“Investors” Shouldn’t Worry about the Euro

With today’s post, I want to take off my currency trader hat and put on my investor hat. You might be tempted to argue: But wait, these two aren’t mutually exclusive. Isn’t it possible to wear both hats? While it’s theoretically plausible for a trader to take a long-term view of the markets based on fundamental [ READ MORE ]

How Low Can USD/JPY Go?

Yesterday’s very weak New Home sales numbers and a more dovish communiqué by the FOMC have sent USD/JPY below the psychologically key 90.00 figure for the first time in a month. Typically that level has proven to be a good area of support this year attracting bargain hunting longs but the clear deceleration in US [ READ MORE ]

G-20 Fears Send Euro, Cable, Aussie Down

A very choppy night of trade in the currency market with risk FX coming under pressure ahead of the G-20 meeting this weekend as traders warily eyed the possibility of more financial regulation from fiscal authorities. The G-20 meeting in Toronto will likely be marked by greater discord than at any time since the [ READ MORE ]

EUR/USD Rises as U.S. Housing Market Shows Awful Results

EUR/USD advanced today after a sharp decline as the U.S. housing market continues to show terrible results. New homes sales posted a really depressing value. FOMC kept the low interest rates and hinted that it may keep the rates for a long time. EUR/USD trades near 1.2325 now. New homes… [ READ MORE ]

Murrey Math Lines Indicator for MT5

This time I’ve converted an MT4 indicator Murrey Math Line X to MT5. It’s based on the Murrey Math rules and shows the many support/resistance/pivot linesб which have their own significance and can greatly help a Forex trader to set his or her order entry and exit levels. It was… [ READ MORE ]

Yen Rises as US Housing Data Disappoints

US housing data showed much softer than expected demand in the month of May as building permits tumbled to a one year low of 574K units versus 625K forecast. Housing starts also came in much worse than expected at 593K units versus 648K eyed. Builders remained cautious after government subsidy programs aimed at helping first [ READ MORE ]

Review: Stop Placement

Today’s wild swings in the forex market make it a good time to highlight the importance of trading with stops. [ READ MORE ]

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