Day: January 16, 2010

January 16
2010

Dollar Profits From Global Economic Pessimism

This Friday’s shift in market sentiment allowed the U.S. dollar to post a weekly advance versus most of the main higher-yielding currencies, as risk aversion rose globally and traders opted by the relative safety provided by dollar-priced assets. The dollar gained significantly versus commodity producer currencies like the Brazilian Real and the Australian dollar towards the end of this week as China’s new lending restrictions raised concerns that demand for raw materials may decline […]

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January 16
2010

Forex Technical Analysis for 01/18—01/22 Week

EUR/USD trend: buy. GBP/USD trend: buy. USD/JPY trend: sell. EUR/JPY trend: buy. GBP/JPY trend: sell. 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 16
2010

Swedish Krona Gains on Greece’s Budget Deficit

The Swedish krona ended this week gaining versus the European single currency as Greek’s budget deficit is once again affecting the outlook for the euro, which also declined versus most of the main traded currencies in foreign-exchange markets. The krona ended this week with a third consecutive day of gains versus the euro after Greece’s deteriorating economic health is raising concern towards traders regarding the Eurozone, after European Central […]

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