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Day: June 15, 2009
June 152009
Latvia’s Government Sells National Currency
The Latvian Government sold lati after the currency reached its trading band limit, being the first sell since the month of November, as the nation moved closer to get the next tranche of a billionaire loan to rescue the weakened Baltic economy. According to the Latvian central bank website, 111.7 milion lati were sold to […]
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June 152009
Dollar Climbs After Russian Minister Declaration
The dollar had the highest rise in a week against most of the main currencies after Russian Finance Minister Alexei Kudrin stated that the nation has full confidence in the U.S. currency. Russias Finance Minister Alexei Kudrin affirmed on June 13 during an interview that it would be too early to discuss the U.S. dollar position as the main global reserve currency, and that substitutes for the […]
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June 152009
Forex Technical Analysis for 06/1506/19 Week
EUR/USD trend: sell. GBP/USD trend: sell. 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 1.3447 1.3625 1.3820 1.3999 1.4194 1.4373 1.4568 GBP/USD 1.5133 1.5467 1.5954 1.6288 1.6776 1.7109 1.7597 USD/JPY 95.61 96.35 97.38 98.12 99.15 99.89 100.92 EUR/JPY 133.66 […]
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June 152009
EUR/USD Falls as Economic Conditions Worsen
The euro fell against the dollar at a fastest pace since late March today as the U.S. fundamental indicators signaled a deepening of the recession. The traders now favor safety over gain. EUR/USD is now trading near 1.3785. New York Empire State Index declined from -4.5 to -9.5 in June. The forecast for this index was at -4.6. It was a first decline of the index since March. […]
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