The greenback fell against a range of major currencies, with the Japanese yen one of the biggest risers after a week of steep drops
Dollar down as outcome of Greek deal awaited
Source: www.ft.com
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USD/JPY easing toward trendline support
USD/JPY is pressured by a wave of dollar weakness that has come out of left field this afternoon, fueled by a surprisingly large short-covering rally in cable. Trendline resistance broken on the daily charts last week during USD/JPY’s big rally on Friday is now being tested from the topside...
German April trade weaker than expected
German April trade surplus s.a came in at 9.0 bln euros compared to 8.9 bln in March, below the market median of 9.4 bln. The current account surplus came in at 5.8 bln, some way below the median forecast of 10.0 bln euros. EUR/USD having rallied in early European trade has slipped back slightly,...
Possible figures of merit related to return on investment: arithmetic and geometric mean
When evaluating the performance of a trading system, I calculate the first moment (an arithmetic mean of the series of returns) as well as the second one (a variance of the series). Originally my "Sharpe-like" ratio, used to adjust the return for the risk, was a ratio of the first moment to the...
The Best (and Worst) Way to Bet on Falling Australian House Prices
By MoneyMorning.com.au There was one big surprise from the Port Phillip Publishing ‘After America’ investment symposium. It was the...
Free Forex Charting
Recently we had service issues with one of our partner charting providers which left subscribers in the lurch without access to their charting services for two days. If any of you are married to your charting platform, you know what I’m talking about – it’s tough to adjust to anything else...