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Day: May 1, 2010
May 12010
Pound Dropped This Week as Consumer Confidence Declined
The Great Britain pound experienced some volatile moves this week and by the weekend the currency declined against most other majors as the Parliamentary election draws near without signs of clear winner and as the households had the pessimistic outlook for their financial situation, causing the consumer confidence to worsen. The data about improving situation in manufacturing and services industries, caused by the U.K. economy’s recovery, hadn’t brought enough confidence to the Britons. The outlook about the personal financial […]
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May 12010
Forex Technical Analysis for Week 05/035/07
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 1.2832 1.2973 1.3133 1.3274 1.3435 1.3576 1.3736 GBP/USD 1.4722 1.4923 1.5094 1.5296 1.5467 1.5668 1.5839 USD/JPY 91.13 91.97 92.90 93.74 94.67 95.51 […]
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May 12010
Loonie Goes Down on Falling Equities
The Canadian dollar declined against its U.S. counterpart and other major currencies after the equities dropped on the speculation that the federal prosecutors investigating whether to file the criminal fraud charge against the Goldman Sachs Group Inc. The decline of the stocks outweighed the expectations for Greece to receive the aid package soon and the report about the expanding nationâs economy, which previously spurred the Loonie, as the Canadian currency nicknamed for the image of the aquatic bird on the C$1 coin. The doubts […]
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