Day: April 25, 2009

April 25
2009

South African Rand Strengthens After Elections

The South African currency climbed this week against the dollar, after the African National Congress, the winning party, is expected to maintain the current economic policies in the country. In South Africa, for a party to have the right to change the constitution unilaterally, it must reach two-thirds of the votes, and even if the new president Jacob Zuma party did not have it, the ANC […]

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April 25
2009

Forex Technical Analysis for 04/27—05/01 Week

EUR/USD trend: sell. GBP/USD trend: hold. USD/JPY trend: sell. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2534 1.2775 1.2909 1.3151 1.3285 1.3526 1.3660 GBP/USD 1.4111 1.4357 1.4576 1.4822 1.5041 1.5287 1.5506 USD/JPY 95.38 96.77 97.95 99.34 100.52 101.91 103.09 EUR/JPY 121.84 […]

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