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Day: June 26, 2010
June 262010
Weekly Losses of U.S. Currency
The strength of the U.S. dollar was severely tested this week by the bad macroeconomic indicator, and the U.S. currency passed this test not very well, rising questions about its credibility as the safe currency. The dollar’s performance against the euro, the Great Britain pound and the Japanese yen followed the same trend. At the beginning of the week the greenback rose on the optimism, brought by the China’s promises to lift the two-year yuan’s peg to the dollar. But then the terrible news […]
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June 262010
Forex Technical Analysis for Week 06/28—07/02
EUR/USD trend: sell. GBP/USD trend: buy. USD/JPY trend: sell. EUR/JPY trend: sell. GBP/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.1984 1.2097 1.2240 1.2353 1.2496 1.2609 1.2752 GBP/USD 1.4430 1.4559 1.4808 1.4937 1.5186 1.5315 1.5564 USD/JPY 86.23 87.72 88.49 89.98 90.75 92.24 […]
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