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Day: August 7, 2010
August 72010
Dollar Weakens for Sixth Week vs. Euro, Falls vs. Pound & Yen
The dollar extended its losses against the other currencies as the macroeconomic reports continue to suggest that the US recovery is fragile and the additional stimulus may be required. On Monday, the good reports weren’t able to aid the currency much, but boosted it slightly against the yen. Next day pushed the dollar down with the disheartening figures. The unexpectedly good employment reports on Wednesday sparked the optimism, which were removed on Thursday and turned […]
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August 72010
Forex Technical Analysis for Week 08/09—08/13
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: buy. EUR/JPY trend: hold. GBP/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2839 1.2945 1.3119 1.3225 1.3399 1.3505 1.3679 GBP/USD 1.5471 1.5582 1.5774 1.5885 1.6077 1.6188 1.6380 USD/JPY 82.80 83.91 84.65 85.76 86.50 87.61 […]
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