Day: February 6, 2010

February 6
2010

Forex Technical Analysis for 02/08—02/12 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: buy. EUR/JPY trend: sell. GBP/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3418 1.3640 1.3751 1.3972 1.4084 1.4305 1.4416 GBP/USD 1.5583 1.5780 1.5882 1.6079 1.6181 1.6378 1.6480 USD/JPY 87.50 88.32 89.29 90.10 91.07 91.89 […]

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February 6
2010

Euro Touches Record Low After Weekly Drop

The euro ended this week posting a weekly drop versus most of the main currencies as the financial situation in several Eurozone member countries is damping demand for the single currency, after a sense of instability became predominant in the economic bloc. The European single currency ended this week with a negative performance versus the U.S. dollar and the Japanese yen as concerns that Greece’s budget deficit will deteriorate even further confidence in the Eurozone, as other […]

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February 6
2010

Russian Ruble Falls on Oil Downmarket

The Russian ruble had its worst weekly performance in 2010 as demand for the crude oil declined specially in Europe, as uncertainty regarding some EU members budget deficits plagued markets and rose pessimism among traders in the region. The ruble posted a third consecutive day of losses versus the dollar as the crude oil continued to be affected by a fall in risk appetite that influenced commodity markets, forcing the Russian currency down as traders are more […]

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February 6
2010

Chilean Peso Beats Risk Aversion on GDP Growth

The Chilean peso was the best performing currency among the commodity-linked ones in foreign-exchange markets this Friday as a positive economic report in the South American nation allowed the peso to gain versus multiple main currencies including the U.S. dollar, despite strong risk version in trading markets today. After a report published today indicating that the Chilean economy expanded almost 4 percent in December compared to the same month one year earlier, […]

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February 6
2010

Pound Declines on Asset Purchase Speculations

The pound posted a weekly decline versus multiple important currencies of its trading partners as a strong sentiment of risk aversion towards assets in Europe made traders to opt for refuge currencies overseas, as the British economic outlook is far from positive. The pound was affected this week by a new wave of uncertainty regarding BOE’s monetary policy, which, even if it has paused it’s quantitative measures used to help the British […]

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