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Day: August 8, 2009
August 82009
Pound Declines on Bank of England Statement
The pound declined in the end of this week, after the Bank of England affirmed that it will expand the current asset purchasing program in order to assure Britain’s financial system sustainability. After reaching a nine-month high versus the greenback and gaining consistently versus the euro, the pound lost sharply towards the end of the week as the Bank of England stated that it will proceed its asset purchase program, mentioning that quantitative easing is […]
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August 82009
Forex Technical Analysis for 08/1008/14 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 1.3777 1.3892 1.4074 1.4189 1.4371 1.4486 1.4668 GBP/USD 1.6060 1.6199 1.6455 1.6593 1.6849 1.6988 1.7243 USD/JPY 91.95 92.98 93.82 94.85 95.70 96.73 97.57 EUR/JPY 129.84 […]
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