Day: February 13, 2010

February 13
2010

Brazilian Real Posts Weekly Rebound on Optimism

After several weeks dropping on high risk aversion, the Brazilian real benefited from positive news this week coming from North America and Europe, attracting investors back to emerging markets, allowing more attractive riskier assets in Brazil to force the nation’s currency up in foreign-exchange markets. Despite China’s statement announcing new lending restrictions, risk appetite was positive for emerging markets currencies, as the EU announcde that it […]

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February 13
2010

Euro Continues Bearish on Fiscal Crisis

The euro ended another week losing versus most of the 16 main trading currencies as a concrete rescue plan for several Eurozone members budget crisis hasn’t been proposed by government officials, bringing pessimism and declining confidence among traders to invest in the region. The budget deficit crisis in Greece and to a lesser extent in other nations using the euro has nearly eliminated possibilities of interest rate hikes in the Eurozone anytime soon this year, and this […]

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February 13
2010

Forex Technical Analysis for 02/15—02/19 Week

EUR/USD trend: hold. GBP/USD trend: buy. USD/JPY trend: sell. EUR/JPY trend: sell. GBP/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3187 1.3359 1.3495 1.3667 1.3803 1.3975 1.4110 GBP/USD 1.5336 1.5435 1.5566 1.5666 1.5797 1.5896 1.6027 USD/JPY 87.97 88.56 89.25 89.83 90.52 91.10 […]

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February 13
2010

Norway’s Krone Falls on China’s Reserve Requirements

The Norwegian currency ended this week losing versus the euro and the dollar, after the crude oil rally that fueled the krone’s advance during most of this week’s session lost strength, since risk aversion returned to trading markets this Friday with a new Chinese restrictive lending policy announcement. Risk aversion returned to markets today impacting the Norwegian commodity-linked currency after several days of advances versus the euro and the U.S. […]

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