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Day: May 17, 2008
May 172008
Forex Technical Analysis for 05/19—05/23 Week
EUR/USD trend: buy. GBP/USD trend: buy. 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 1.5191 1.5278 1.5427 1.5514 1.5663 1.5750 1.5899 GBP/USD 1.9142 1.9252 1.9411 1.9521 1.9680 1.9790 1.9949 USD/JPY 99.75 101.17 102.61 104.03 105.47 106.89 108.33 EUR/JPY 155.15 […]
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May 172008
Asian Currencies Fell on High Oil Costs
The Asian currencies fell this week as the oil prices surged and the rising inflation concerns forced foreign investors to cut the inflow of liquidity into this region. Indian rupee and Malaysian ringgit led the seven out of the ten most traded Asian currencies (excluding the Japanese yen) that dropped after the Federal Reserve representatives stated that the high inflation becomes a real challenge as the oil prices rose to the new historical maximum. Recent […]
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