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Day: January 31, 2009
January 312009
Forex Technical Analysis for 02/02—02/06 Week
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2042 1.2403 1.2607 1.2968 1.3172 1.3533 1.3737 GBP/USD 1.2882 1.3214 1.3877 1.4209 1.4872 1.5204 1.5867 USD/JPY 86.03 87.14 88.52 89.63 91.01 92.12 93.50 EUR/JPY 106.98 […]
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January 312009
Korean Won Leads Asian Currencies Decline
The South Korean won was the worst-performing currency among the Asian ones this month as the investors moved out of the countrys assets and the exports to the developed economies fell sharply. The drop of the Korean won against the U.S. dollar is already at 8.7 percent this year — thats the worst January performance for this currency. The Asian shares tumble as the demand and […]
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