Day: January 9, 2010

January 9
2010

Payrolls Cause Dollar’s Weekly Decline

The U.S. currency was performing quite well during most of this week’s session as optimism regarding the U.S. economy was high, but the employment data published on Friday forced the greenback down versus most of the main traded currencies, as figures came much below forecasts. The dollar posted the biggest weekly in two months as a non-farm payrolls report indicated more jobs cuts than expected, frustrating forecasts and declining odds that […]

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January 9
2010

Forex Technical Analysis for 01/11—01/15 Week

EUR/USD trend: hold. GBP/USD trend: hold. USD/JPY trend: hold. 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 1.4056 1.4156 1.4282 1.4383 1.4509 1.4610 1.4736 GBP/USD 1.5518 1.5707 1.5864 1.6052 1.6209 1.6398 1.6554 USD/JPY 88.83 90.04 91.34 92.55 93.86 95.07 […]

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January 9
2010

Chilean Peso Drops After Copper Rally

The Chilean peso outperformed most of the main traded currencies as a copper price rally boosted appeal for assets in Chile, which declined this Friday after the metallic commodities failed to extend their gains. The Chilean currency had a very positive performance apart from this Friday’s slide, as the economy showed signs of improvement according to the nation’s central bank, and the copper, responsible for one quarter of Chilean exports, had an increase on its rates and demand […]

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January 9
2010

Investment Agency Rating Pushes Polish Zloty Up

The Polish currency advanced today in foreign-exchange markets as Pimco speculates that 2010 will allow several emerging markets to outperform other investments, favoring the zloty in this Friday’s trading session. The zloty benefited from statements coming from the largest bond fund in the world, Pacific Investment Management Co., which predicted better returns in 2010 for zloty-priced assets, as well as investments in Mexico and South Korea, helping their currencies to rally as well. […]

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January 9
2010

Canadian Dollar Near 2-Month High on Oil

The Canadian dollar returned to gain today as its chief export, the crude oil, rallied as demand for energy increases, favoring currencies with a similar profile in foreign-exchange markets as the Australian dollar, which is a main commodity supplier for China. The loonie, as the Canadian dollar is often referred, had the fourth day of advances in this week as the crude oil returned to trade high in commodity markets closing future contracts near $ 83 a barrel, […]

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