Day: December 5, 2009

December 5
2009

Is It The End of Dollar’s Decline?

The U.S. currency rebounded sharply yesterday before the end of this week’s session as a better than expected jobs report started speculations that interest rates in the U.S. will be hiked by the Federal Reserve before most analysts previously estimated. A surprisingly good non-farm payrolls report indicating a decline of just 11k employment places, from a previous reading of -111k, brought optimism towards the U.S. currency providing support for the dollar to post […]

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December 5
2009

Forex Technical Analysis for 12/07—12/11 Week

EUR/USD trend: hold. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: hold. GBP/JPY trend: sell. 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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