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Day: December 11, 2010
December 112010
Weekly Gains of Pound on Favorable Economic Data & EU Problems
The Great Britain pound surged this week against the euro as the debt problems in the Eurozone attracted the investors to the perceived safety of Britain’s currency. The sterling also gained versus other currencies, including the US dollar and the Japanese yen. The favorable macroeconomic reports, including the reports about the retail sales, the manufacturing production and the leading indicators, supported the sterling versus other currencies. Still, some negative reports were also released, including the reports about […]
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December 112010
Forex Technical Analysis for Week 12/13—12/17
EUR/USD trend: hold. GBP/USD trend: buy. USD/JPY trend: buy. 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 1.2863 1.3013 1.3121 1.3271 1.3379 1.3529 1.3637 GBP/USD 1.5481 1.5568 1.5688 1.5775 1.5895 1.5982 1.6102 USD/JPY 80.76 81.54 82.74 83.52 84.72 85.50 […]
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December 112010
Aussie Rises on Employment Growth & Interest Rates Outlook
The Australian dollar rose today as the good reports this week signaled about the increasing pace of the economic recovery and on the outlook for the interest rates increases. The attractiveness of the Australian currency was boosted by the good employment reports. The Australia and New Zealand Banking Group reported that the job advertisements on the internet and in newspapers increased by 2.9% in November, signaling about the rising employment. This was confirmed by the report of the Australian Bureau of Statistics, which showed the growth of the employment […]
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