Day: October 24, 2009

October 24
2009

Will the Pound Shrink with U.K.’s Economy?

The pound has been one of the biggest losers this year in foreign-exchange markets since several reasons, specially due to an artificial credit bubble that destabilized the British economy when the global slump crushed the world last year, forcing the pound down significantly, mainly versus the euro. The Great Britain pound did not manage to perform well again this week in foreign-exchange markets due to a gross domestic report published this […]

Read more
October 24
2009

Forex Technical Analysis for 10/26—10/30 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: buy. EUR/JPY trend: buy. GBP/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4637 1.4732 1.4869 1.4965 1.5102 1.5197 1.5335 GBP/USD 1.5678 1.5959 1.6131 1.6412 1.6584 1.6865 1.7037 USD/JPY 88.65 89.36 90.70 91.41 92.75 93.46 […]

Read more