Day: July 11, 2009

July 11
2009

U.S. Dollar Rallies Against All Majors on Risk Aversion Wave

The greenback, as the dollar is often referred to, climbed versus virtually all of the 16 most traded currencies, as unfavorable economic reports worldwide brought risk aversion up among traders this week, favoring the low-yielding safety profile of the North American currency. Since last week’s employment report in the U.S. showing worse than expected numbers, risk aversion has returned to markets, and this week, multiple news coming from […]

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July 11
2009

Forex Technical Analysis for 07/13—07/17 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 1.3597 1.3762 1.3870 1.4035 1.4144 1.4309 1.4417 GBP/USD 1.5732 1.6016 1.6174 1.6458 1.6616 1.6900 1.7058 USD/JPY 93.29 94.22 95.12 96.05 96.95 97.88 98.78 EUR/JPY 129.27 […]

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July 11
2009

Curious Case of Some Newbie Forex Trader

This Thursday I received an interesting message via the contact form on my site. It was from some newbie Forex trader from Canada that confused me with her Forex broker and asked for payment method and the contact info to withdraw money from here trading account, which in reality appeared to be a demo account (open at LiteForex). Here’s the message text (with real name and contact details […]

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July 11
2009

Canadian Dollar Continues Drop as Commodities Price Falter

The Canadian currency ended its sixth week of losses against its U.S. counterpart as commodities and stocks dropped moved by concerns that the global slump will be longer and deeper than previously predicted. The Canadian currency, one of the most linked to stock and commodity prices, lost against the greenback this week as the crude oil dropped the most since January, and considering that raw materials account for more than 50 percent of the Canadian […]

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