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Day: January 26, 2008
January 262008
Forex Technical Analysis for 01/2802/01 Week
EUR/USD trend: sell.GBP/USD trend: hold.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 98.3103 49.8734 98.3517 49.9148 98.3931 49.9562 98.4345 GBP/USD 1.8987 1.9162 1.9497 1.9672 2.0007 2.0182 2.0517 USD/JPY 102.27 103.62 105.18 106.53 108.09 109.44 111.00 EUR/JPY 145.84 148.98 152.84 155.98 […]
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January 262008
Dubai is Pro Dollar Peg
The government of Dubai, U.A.E. largest emirate, is against the currency revaluation and is pro dirham’s peg to the U.S. dollar, according to Sultan Ahmed bin Sulayem, the member of the Dubai’s Board of Executive Council. Kuwait, the only GCC state that dropped their long-lasting peg to dollar so far, remains alone in its ways […]
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January 262008
India May Cut Rate to Reduce Gap with U.S.
Palaniappan Chidambaram, the Finance Minister of India, said yesterday that the latest emergency rate cut by the Fed will probably influence the next interest rate decision by the Reserve Bank of India. The difference between the Indian and U.S. interest rates, even before the last Fed’s cut, has been adding to the demand for the […]
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