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Day: September 6, 2008
September 62008
Yen Gains This Week on Global Stock Decline
The Japanese yen showed a record fast growth against the major currencies this week as the stock markets declined worldwide and investors favored the low-risk assets in Japan, spurring the currency conversion process. Japanese currencies grew on the speculation that the weak economic indicators in U.S. and the crisis of the financial institutions may cause a global recession. Both Australian and New […]
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September 62008
Forex Technical Analysis for 09/08—09/12 Week
EUR/USD trend: sell. 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 1.3541 1.3868 1.4068 1.4395 1.4595 1.4922 1.5122 GBP/USD 1.6854 1.7196 1.7430 1.7772 1.8006 1.8348 1.8582 USD/JPY 102.12 103.82 105.78 107.48 109.44 111.14 113.10 EUR/JPY 140.62 […]
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