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Day: August 29, 2009
August 292009
Canadian Dollar Pare Gains on Risk Aversion
In the end of this week’s session the Canadian dollar pared its previous gains as risk aversion rose this Friday, affecting U.S. stocks performance and also the crude oil, the main Canadian commodity exported to the United States, influencing the loonie’s outlook. The Canadian currency rose 12 percent versus its U.S. counterpart this year, and since June, Bank of Canada officials are stressing on the fact that a very strong loonie may […]
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August 292009
Forex Technical Analysis for 08/3109/04 Week
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4007 1.4107 1.4203 1.4304 1.4400 1.4500 1.4597 GBP/USD 1.5714 1.5934 1.6104 1.6323 1.6493 1.6713 1.6883 USD/JPY 91.03 92.13 92.85 93.94 94.66 95.76 96.48 EUR/JPY 129.30 […]
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August 292009
Poland’s Economic Outlook Provide Support for Zloty
The Polish currency extended last week’s gain this week as the Eastern European nation is showing one of the quickest recoveries in the region, increasing attractiveness for the zloty regionally. After growing beyond economists expectations for the last quarter, Poland is being considering one of the most solid economies in the region, fact which is favorable for the zloty to gain versus several currencies, but mainly against the euro as the Polish currency suffered a severe devaluation […]
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