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Day: December 4, 2010
December 42010
Dollar Falls This Week as Concerns for US Economy Return
The gains of the US dollar at the beginning of this week were outweighed by the losses in the second half as the poor employment data raised the concerns for the US economy and damped the demand for the US currency. At the start of the week the dollar was still supported by the demand for the safe haven, caused by the troubles in Europe and the Korean conflict. Later the greenback was weakened as the demand for the safety was diminished by the hopes that the meeting of the European Central Bank’s policy makers would provide some […]
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December 42010
Forex Technical Analysis for Week 12/06—12/10
EUR/USD trend: sell. GBP/USD trend: hold. 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 1.2668 1.2818 1.3115 1.3265 1.3562 1.3712 1.4009 GBP/USD 1.5274 1.5379 1.5575 1.5680 1.5876 1.5981 1.6177 USD/JPY 80.16 81.34 82.03 83.21 83.90 85.08 […]
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December 42010
Canadian Dollar Weakened By Poor US & Canadian Employment
The Canadian dollar fell today as the employment reports from Canada and the US, the largest Canada’s trading partner, were worse than predicted, decreasing demand for the Canadian currency. The Canadian employment grew by 15,000 in November, following the 3,000 growth in the month before. The market participants expected the increase by 20,200 jobs. The unemployment rate decreased, though, from 7.9 percent to 7.6 percent. The Canadian currency was more influenced, perhaps, by the US nonfarm payrolls, […]
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