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Day: November 28, 2009
November 282009
Pound Posts Weak Performance on Growth Outlook
The Pound reverted a winning trend in the beginning of the week to plunge and lose versus most of the majors towards Friday’s session end, as stocks and commodities fell globally decreasing attractiveness for the U.K.’s currency, which is also facing a downgrade in its GDP forecasts figures. When Dubai World, a state-owned investment company, affirmed in the middle of the week that it would reschedule its debt payments, equities around the world dropped sharply and the pound lost […]
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November 282009
Forex Technical Analysis for 11/3012/04 Week
EUR/USD trend: buy. GBP/USD trend: hold. 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 1.4511 1.4669 1.4827 1.4985 1.5143 1.5302 1.5460 GBP/USD 1.5786 1.6028 1.6261 1.6503 1.6737 1.6978 1.7212 USD/JPY 80.07 82.43 84.45 86.81 88.83 91.20 […]
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