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Day: December 29, 2007
December 292007
Forex Technical Analysis for 12/3101/04 Week
EUR/USD trend: hold.GBP/USD trend: hold.USD/JPY trend: hold.EUR/JPY trend: hold. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4123 1.4245 1.4484 1.4606 1.4845 1.4967 1.5206 GBP/USD 1.9532 1.9642 1.9803 1.9913 2.0074 2.0184 2.0345 USD/JPY 109.13 110.71 111.50 113.08 113.87 115.45 116.24 EUR/JPY 160.92 162.33 163.84 165.25 […]
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December 292007
ZAR Gains at Fastest Pace Since October
South African national currency, rand, showed this week a highest gain against U.S. dollar since October, based on a high probability that the South African Reserve BanSouth African Reserve Ban will increase the benchmark interest rate again after the inflation continued to grow. The rand also gained significantly against Japanese yen, its major carry trade counterpart. With the hawkish intentions of the South African central bank […]
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