Dollar supported by higher Treasury yields, U.S. tax cuts * Euro slips after Fitch downgrades Ireland * Market awaits 30-yr U.S. debt auction, U.S. jobless claims (Adds comment, updates throughout) LONDON, Dec 9 (Reuters) - The dollar edged up on Thursday, still supported by a jump in U.S. Treasury yields this week, while the euro slipped after ratings agency Fitch downgraded Ireland's sovereign debt. Fitch cut its rating on Ireland to BBB+ to reflect the additional costs of restructuring Dublin's ailing economy and banking sector, after Dublin secured a bailout from its European neighbours last month. [ID:nWLA0394] The dollar continued to draw support from an extension of U.S. tax cuts announced this week, but further gains were capped as a retreat in the benchmark 10-year U.S. Treasury yield from a six-month high hit on Wednesday quelled demand for the dollar. Analysts said the extended tax cuts were seen as supportive for the economy and therefore the dollar, while U.S. Treasuries have sold off heavily this week, as the stimulative move fuelled fears of inflation and deteriorating U.S. fiscal health. [US/] "The latest fixation is the tax issue and that's created a bond angle, and it's created a growth story that is positive for the U.S.," said Daragh Maher, FX strategist at Credit Agricole. Other analysts said investors were wary of taking on big positions as liquidity dries up towards year end, and this was why the dollar's rise had been limited compared with the jump in Treasury yields. The dollar index has risen only 0.7 percent this week as the 10-year U.S. Treasury yield has soared around 25 basis points. "We've seen a corrective move in U.S. Treasuries, whereas at the moment, we don't see a need for such a corrective move in the dollar," said Antje Praefcke, FX analyst at Commerzbank in Frankfurt. The U.S. bond market may be vulnerable to more selling if a 30-year U.S. Treasury auction on Thursday attracts only limited demand. A 10-year auction on Wednesday saw average demand. The dollar index .DXY, which tracks the dollar's moves against a currency basket, inched up 0.2 percent to 80.172. It crept above its 100-day moving average at 79.953, which seen as supportive for the U.S. currency.
Saturday, December 11, 2010
FOREX-Dollar up on yields; euro slips on Irish downgrade
Thursday, December 9, 2010
Bihar Board Matric Result 2010 | BSEB Intermediate 2010 Results, Patna | Bihar School Examination Board
Student Can Check This BSEB Intermediate, Secondary Examination Results 2010 At http://results.bihareducation.net Website. To See This Intermediate, Vocational Examination 2010 Results You Need To Enter Your Roll no.
To Read more about visit at www.biharboard.bih.nic.in Official Website Of Bihar School Examination Board.
JKBOSE 12th Results, JK BOSE 2010, J K Board Of School Education
Jammu and Kashmir State Board of School Education Has Been Declared The Result of Higher Secondary Part Two Bi-Annual - 2010 Or JKBOSE 12th Results.
WISHING YOU ALL THE BEST FRIENDS !!!
Maharashtra SSC Results Oct 2010 At www.mahresult.nic.in, 10th Board Result Oct
Burdwan University Result 2010 Part 2 At www.buruniv.ac.in
Singhania School Thane Online Application Form For Admission 2010 - 2011 at www.singhaniaschool.org
Eligibility:
- Admissions are open to all children born between 1st January 2007 and 31st December 2007.
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BEST OF LUCK !!!
Saturday, November 27, 2010
Forex Factory Important Article
Hello FF traders. I am a forex and futures trader with 4 years experience. I have been trading profitably for the last 2 years, and by 2012 I expect to be trading for a living. I have spent thousands of hours learning to trade and hundreds of hours developing these volatility breakout models that I am about to share with you. It is not hard to learn to trade successfully, but it IS counter-intuitive. It is not about finding a "secret formula", it is about cold-blooded execution of an edge that you KNOW works. These trading strategies have worked for over 100 years, and they still work today, on all timeframes.
These systems I have developed with special thanks to TheRealThing (Joel R.) and PeterCrowns who started me thinking along these lines. They are robust and extremely profitable, with an average profit factor of 1.75. They are backtested over the last 4 years with excellent results, and I expect the next four years to be just as volatile and profitable. In addition to the models in Gold, Silver, GBP/JPY and USD/JPY, I also have created models for copper and most of the softs. I have included a thorough backtest in the Excel spreadsheet. In the orange field on the first page, you can enter your risk per week, and it will calculate what the account size would have been from Jan 2006 to the present using these models.
Lets make a deal. I have poured thousands of hours into my trading success and hundreds into the development of these models. I need a little help. I want to do further testing, and I need to have an indicator created to help me do visual backtests much quicker. If someone will create this indicator, I will release the indicator and the ruleset for all my volatility breakout trading represented by this backtest. Then as I do further testing, I will keep this thread updated on the new markets and methods that I have tested. Not only that, but I will personally mentor the programmer who makes the best indicator for us. I think it is only fair that we all benefit, wouldn't you agree?
I’ve included an indicator that is roughly what I need that I borrowed from the GBPJPY Weekly thread, but I need some features added because it can only do one thing. This indicator essentially brackets the high and low of the second candle of the week on whatever time frame you are looking at, and then it sets visual targets at 1x, 2x and 3x the bracket width. I need the following input variables added to it for flexibility to create two different indicators, one bracketing a certain candle’s range, and a second one that brackets a certain candle’s opening price:
First Indicator – Bracket high/low of a particular candle’s range Time 1 = ability to choose daily, weekly, or monthly start for Time 2
Time 2 = ability to select the time of the candle I wish to bracket at the start of Time 1 (for example, I want to bracket the 20:00 candle at the start of the day, week, or month)
Buffer = number of pips above and below the candle’s high and low for the bracket lines
Minimum Range = ability to input a minimum range for the bracket (so if the range was too small, it would at least be a minimum size) Also, please add target lines all the way out to 5x.
If possible, I want it to be able to work on all time frames.
2nd Indicator will be updated after successful comments!!!!!
