The following changes to the optimization code have been recently introduced and are documented here for the record.
Updates to the trading system optimization code.
Source: www.forexautomaton.com
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Bearish momentum gaining in JPY crosses
What had started out as a very quiet day has turned into a bit of a rout on the JPY crosses. EUR/JPY is trading on its lows at 135.70 and dealers report lots of longs liquidating their positions. It seems there is no major news out to drive this but many see the IMF statement on Euro-zone banks as...
FOREX VIDEO - London Session Review - September 30, 2009
The EUR/USD had been showing Lower High’s for quite a while now on the 4 hour charts, forming a very distinct falling trend line. Just before London got started today we break this trend line. Typically, once something like this occurs, it’s very commonplace that a retest of this area...
China denies reports of iron ore price agreement
China is not happy after being snubbed by Rio Tinto, and the China Iron and Steel Association is denying reports that they have agreed to fall into line with Japan and Korea by accepting a 33% drop in iron ore prices. China had been pushing for a 40%+ drop. The Australian newspaper reports....
Central Bank of Turkey Keeps Benchmark Rate at 5.75%
The Central Bank of the Republic of Turkey kept its benchmark 1-week repo rate unchanged at 5.75%. The Bank cut the lending...
FOREX VIDEO - New York Session Review - October 20, 2009
The U.S. dollar had been mostly range-bound through today’s Asian and London sessions. At the U.S. equity market open, the major stock indexes showed red, and with it came USD strength. The EUR/USD currency pair offered a classic second chance entry after a range breakout move. A 60-pip...