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Day: December 26, 2009
December 262009
Yen Posts Weekly Drop on Poor Interest Rate Outlook
The Japanese currency posted a poor performance this week as the economic recovery prospect is not leading traders to believe that interest rates will be raised from an all time record low, decreasing significantly the attractiveness for the Asian nation’s currency. Several negative reports affected the yen’s outlook as consumer prices declined in Japan during the past month, and the nation’s unemployment rate grew for the first time since July, being both […]
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December 262009
Forex Technical Analysis for 12/2801/01 Week
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: hold. GBP/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4040 1.4129 1.4241 1.4329 1.4442 1.4530 1.4643 GBP/USD 1.5616 1.5768 1.5858 1.6010 1.6100 1.6252 1.6342 USD/JPY 88.99 89.61 90.62 91.24 92.25 92.87 […]
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