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Day: May 2, 2009
May 22009
Canadian Dollar Continues Rise on Positive Economic Forecasts
The loonie posted gains for 5 weeks in a row, on speculations that the global financial turmoil is easing, pushing commodity prices up. Canadas currency has been a fantastic investment since the beginning of March, against its U.S. counterpart, having the biggest rally since November 2007 gaining more than 2 percent during the past week. This month has been an optimistic one if compared with the previous […]
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May 22009
EUR/USD Ends Week Just a Bit Above Open Level
EUR/USD gained yesterday and ended the week in the moderately positive zone as the fundamentals reports in U.S. were predominantly good for the worlds economy and bad for the low-yielding currencies, such as the dollar. EUR/USD ended the week at 1.3274. Michigan sentiment index grew from 57.3 to 65.1 in April — the highest value since September 2008. It was expected to go up to 61.5. Factory orders decreased […]
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May 22009
Forex Technical Analysis for 05/04—05/08 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 1.2567 1.2726 1.2983 1.3142 1.3399 1.3558 1.3816 GBP/USD 1.4025 1.4210 1.4444 1.4629 1.4862 1.5047 1.5281 USD/JPY 93.29 94.96 96.06 97.73 98.83 100.50 101.60 EUR/JPY 123.18 […]
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