Day: September 18, 2010

September 18
2010

Japan’s Yen Falls on Intervention, Stops Decline by Weekend

The Japanese yen slumped this week after Japan’s government intervened to trim gains for the first time since 2004, but the currency stopped its decline as the concerns for the economic growth resurfaced with the new strength. The analysts said at the beginning of the week that the intervention looked unlikely as the candidate, who was insisting on the intervention, lost the election as the head of the ruling party and the government was considered too week to intervene. The intervention happened, nevertheless, sending […]

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September 18
2010

Forex Technical Analysis for Week 09/20—09/24

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: sell. 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 1.2321 1.2512 1.2775 1.2966 1.3229 1.3420 1.3683 GBP/USD 1.5022 1.5184 1.5403 1.5565 1.5784 1.5946 1.6165 USD/JPY 80.75 81.81 83.80 84.86 86.85 87.91 […]

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September 18
2010

New Zealand Dollar Rises, But Gains Tempered by Growth Outlook

The New Zealand dollar rose today at the start of the trading session against the US dollar and the Japanese yen as the gains of the Asian stocks increased the appeal of the higher-yielding currencies, but for the most part of the day it was declining as the fundamentals in New Zealand weren’t supportive to the currency. The MSCI Asia Pacific Index of shares gained as much as 1 percent and the Standard & Poor’s 500 Index rose 0.6 percent. The kiwi, as the New Zealand currency commonly […]

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