Day: December 18, 2010

December 18
2010

Euro’s Gains Turned to Losses in Course of This Week

The euro were advancing at the beginning of this week on the hopes that the European Union leaders would be able to find solution for the region’s problems, but it dropped later as the investors’ sentiment turned sour. The summit in Brussels this week was the reason for the optimism, as it could provide some ideas about battling the debt problems and show unity among the EU leaders. It turned out that, while the crisis-resolution mechanism was […]

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December 18
2010

Forex Technical Analysis for Week 12/20—12/24

EUR/USD trend: hold. GBP/USD trend: hold. USD/JPY trend: hold. 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 1.2681 1.2907 1.3045 1.3271 1.3409 1.3635 1.3773 GBP/USD 1.4887 1.5170 1.5344 1.5627 1.5801 1.6084 1.6258 USD/JPY 81.31 82.07 82.97 83.73 84.63 85.39 […]

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December 18
2010

Unfavorable Economic Environment Makes Loonie Weaker

The Canadian dollar slumped as the meeting of the European Union leaders hasn’t provided an answer to the problem of the European countries’ debts and after Ireland’s credit rating was downgraded. The Moody’s Investors Service downgraded Ireland’s credit rating from Aa2 to Baa1 today as the country has asked for the aid last month. The downgrade refueled the fears about the possible spreading of the debt troubles to other peripheral European economies and the EU official weren’t able to provided clear […]

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December 18
2010

Dollar Strengthens as Fears of EU Debt Crisis Weren’t Eased

The US dollar rose the meeting of the European Union leader at summit in Brussels failed to alleviate the fears about the spreading of the debt-crisis across the Eurozone, increasing the demand for the safety of the US currency. The EU officials ended their two-day meeting yesterday, agreeing that the mechanism to prevent the futures financial crises should be introduced by 2013. Beyond that, the meeting hasn’t provided any positive news. And that’s not nearly enough to remove the worries, which […]

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