Day: April 17, 2010

April 17
2010

Safe Currency Needed, Yen is Considered

The Japanese yen jumped unexpectedly against the U.S. dollar, the euro and most other majors by the end of this week as the drowning risk sentiment prompts the investors to look for the safer currency. The greenback has lost its appeal as the safe currency as the U.S. stocks dropped after the Goldman Sachs Group Inc. was sued for the fraud. The concern about Greece and its budget deficit remains while speculation that the country will be forced to activate […]

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April 17
2010

Forex Technical Analysis for Week 04/19—04/23

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. 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 1.3191 1.3332 1.3411 1.3551 1.3630 1.3771 1.3850 GBP/USD 1.5095 1.5215 1.5282 1.5403 1.5469 1.5590 1.5657 USD/JPY 89.64 90.77 91.47 92.60 93.29 94.42 […]

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April 17
2010

Demand for Higher-Yielding Assets Falls, Driving Aussie Down

The Australian dollar plummeted against its U.S. counterpart today after the U.S. stocks went down as the demand for the higher-yielding assets fell, driven down as the Goldman Sachs Group Inc. was sued for the fraud. The U.S. Securities and Exchange Commission charged the Goldman Sachs today, saying that the company and one of its vice presidents were deceiving the investors by omitting and misstating crucial facts about the financial product tied to subprime mortgages. The Aussie dropped […]

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