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Day: December 8, 2007
December 82007
Forex Technical Analysis for 12/1012/14 Week
EUR/USD trend: sell.GBP/USD trend: sell.USD/JPY trend: buy.EUR/JPY trend: hold. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4286 1.4405 1.4531 1.4650 1.4776 1.4895 1.5021 GBP/USD 1.9598 1.9889 2.0096 2.0387 2.0594 2.0885 2.1092 USD/JPY 108.01 108.78 110.23 111.00 112.45 113.22 114.67 EUR/JPY 158.77 159.83 161.76 162.82 […]
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December 82007
South Africa Lowers Foreign Purchases
South African Reserve Bank decreased its foreign currency purchases volume almost by a half after the national currency felt significantly against the U.S. dollar in November. Depreciated rand kept country’s central bank from increasing their Forex reserves at the previous pace. On November 27 USD/ZAR crawled up to the highest value since September 21, showing that recent South African Reserve Bank measures to hold the rand’s fast […]
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