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Day: May 12, 2008
May 122008
British Pound Grows on April PPI Report
The Great Britain pound rose today against the U.S. dollar and the euro, partially recovering its losses from the last week, as the record high PPI growth added confidence that the Bank of England will not lower interest rates next time. The prices for the British long-term securities declined today, while their yields increased, showing a higher inflation […]
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May 122008
Forex Technical Analysis for 05/12—05/16 Week
EUR/USD trend: hold. GBP/USD trend: sell. 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 1.5001 1.5142 1.5311 1.5452 1.5621 1.5762 1.5931 GBP/USD 1.9078 1.9268 1.9403 1.9593 1.9728 1.9918 2.0053 USD/JPY 98.74 100.68 101.74 103.68 104.74 106.68 107.74 EUR/JPY 153.02 […]
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