Day: October 17, 2009

October 17
2009

Will Australia Raise Interest Rates?

The Australian dollar, together with its New Zealand counterpart are among the best performing currencies in foreign-exchange markets in 2009 after evidences pointed the resilience of South Pacific countries to recover from the crisis, attracting worldwide investors to the region. This was the second week straight of gains for the Australian dollar versus the greenback and most of the 16 main traded currencies after Reserve Bank of Australia Governor Glenn Stevens suggested that borrowing […]

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October 17
2009

Forex Technical Analysis for 10/19—10/23 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 1.4440 1.4558 1.4731 1.4849 1.5022 1.5140 1.5313 GBP/USD 1.5217 1.5462 1.5908 1.6153 1.6599 1.6844 1.7290 USD/JPY 86.87 87.84 89.36 90.34 91.86 92.83 94.35 EUR/JPY 128.89 […]

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October 17
2009

Dollar Rebounds on Undervaluing Speculations

The U.S. dollar had a weak performance this week reaching record lows versus the euro and the Australian dollar but managed to pare some of its losses as traders could think the current devaluation may be too severe and that it would not reflect economic fundamentals in the U.S. The greenback managed to gain versus most of the 16 main traded currencies towards the end of this week’s session, in a movement that many analysts […]

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