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Day: September 11, 2010
September 112010
Week of Risk Appetite Boosts New Zealand Dollar
The improving outlook for the global economic recovery helped the New Zealand dollar to rise for the most part of the week (in fact, the upward trend showed itself in the week before) and become one of the best performing currency (together with the Australian dollar) this week. The New Zealand dollar was rising for four days of this week, declining only on Tuesday versus the yen and the greenback. Excluding this decline, it was rising for seven days. Against the euro […]
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September 112010
Forex Technical Analysis for Week 09/13—09/17
EUR/USD trend: buy. GBP/USD trend: buy. USD/JPY trend: hold. EUR/JPY trend: buy. GBP/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2322 1.2483 1.2596 1.2757 1.2870 1.3031 1.3144 GBP/USD 1.5022 1.5159 1.5257 1.5394 1.5492 1.5629 1.5727 USD/JPY 82.37 82.86 83.52 84.01 84.67 85.16 […]
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September 112010
Sixth Day of Gains for AUD/USD on Outlook for US & China’s Growth
The Australian dollar rallied today for the sixth straight day versus the euro and for the third against the US dollar and the Japanese yen as the outlook for the US and China’s economies improved, making the investors more willing to risk and increasing demand for the riskier assets. The report yesterday showed that the applications for the unemployment benefits in the US decreased by 27,000 last week. The US retail sales gained 0.3 percent in August, following the advance by 0.4 percent in July, according to the forecasts. […]
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