Day: October 9, 2010

October 9
2010

Another Week of Dollar Weakness on Talks About Easing

This week was marked by the talks about the possible quantitative easing by the US Federal Reserve, the talks which were further fueled by the unexpectedly poor report about the US employment. In such environment the dollar has no choice but to go down. The unexpected cut of 95,000 jobs by the US employers added the incentive for the Fed to start next round of the bonds purchases to stimulate the US economy. The price of the US currency dropped as the traders expect […]

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October 9
2010

Forex Technical Analysis for Week 10/11—10/15

EUR/USD trend: buy. GBP/USD trend: buy. 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 1.3311 1.3474 1.3701 1.3864 1.4091 1.4254 1.4481 GBP/USD 1.5529 1.5638 1.5797 1.5906 1.6065 1.6174 1.6333 USD/JPY 78.99 80.36 81.22 82.59 83.45 84.82 […]

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