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Day: July 25, 2009
July 252009
South African Rand Down on Merging Speculations
The South African currency, which hit an eleven-month high versus the greenback this week, pared its weekly gains as an Indian newspaper affirmed that the merging of Bharti with MTN may take longer than expected, raising concerns about investments in South Africa. After posting virtually two weeks of consecutive gains versus most of the 16 main traded currencies, on renewed optimism and stocks rally, the South African rand ended the week with a negative performance as the Economic Times […]
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July 252009
Forex Technical Analysis for 07/2707/31 Week
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: buy. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3927 1.4018 1.4109 1.4200 1.4291 1.4382 1.4473 GBP/USD 1.6013 1.6161 1.6289 1.6437 1.6565 1.6713 1.6841 USD/JPY 91.28 92.18 93.48 94.38 95.69 96.59 97.89 EUR/JPY 129.06 […]
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