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Day: April 18, 2009
April 182009
Unexpected Drop in Inflation Rate Pushes Canadian Dollar Down
The Canadian dollar had the second day of losses against the greenback after a report indicating that the inflation slowed during the last month. The one-year inflation rate was 1.2% the past month, falling from the Februarys annualized rate of 1.4%, this fact can be considered unexpected, since forecasts were indicating stability regarding the inflation. The current recession and credit […]
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April 182009
Forex Technical Analysis for 04/20—04/24 Week
EUR/USD trend: hold. 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 1.2497 1.2793 1.2990 1.3286 1.3483 1.3779 1.3977 GBP/USD 1.4132 1.4356 1.4511 1.4734 1.4889 1.5113 1.5268 USD/JPY 97.09 98.20 99.22 100.33 101.34 102.45 103.47 EUR/JPY 123.18 […]
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