Day: November 27, 2010

November 27
2010

US Dollar Strengthens Throughout Week on Demand for Safety

The US dollar strengthened this week as the concerns for the spreading of the European sovereign-debt contagion and the worries about the tensions between North and South Korea boosted the demand for the safer assets. The concerns about the European debt crisis increased after the Standard & Poor’s Ratings Services downgraded Ireland’s long-term sovereign rating two steps from AA- to A. Now concerns shifted to Portugal and Spain. The Financial Times Deutschland said that the Eurozone policy […]

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November 27
2010

Forex Technical Analysis for Week 11/29—12/03

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: buy. 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 1.2452 1.2826 1.3037 1.3411 1.3622 1.3996 1.4207 GBP/USD 1.4910 1.5243 1.5417 1.5750 1.5924 1.6257 1.6431 USD/JPY 81.79 82.28 83.19 83.68 84.59 85.08 […]

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November 27
2010

Rates in Australia to Remain Unchanged in Near Term, AUD Falls

The Australian dollar slumped today after the remarks of Australia’s central bank governor suggested that there will be the interest rates increased in the new future. Glenn Stevens, the Governor of the Reserve Bank of Australia, said that the stronger currency was helping to contain the inflation and suggested that the current level of the interest rates is appropriate in the near term. The statement caused the speculation that there will be no interest rates hikes, […]

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