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Day: January 8, 2011
January 82011
US Dollar Rallied This Week, Stalled on Poor Employment Reports
This week was very positive for the US dollar as the US economy showed the signs of the sustainable growth, but the end of the week spoiled the positive sentiment to some degree as the labor market wasn’t as strong as was expected. The beginning of this week was very bright for the US currency as every report showed the improvement of the economy. The report of the Automatic Data Processing, Inc. on Wednesday showed the significant growth of the employment, causing the optimistic outlook for the other employment […]
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January 82011
Forex Technical Analysis for Week 01/10—01/14
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: buy. EUR/JPY trend: sell. GBP/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2204 1.2554 1.2732 1.3082 1.3260 1.3610 1.3788 GBP/USD 1.5181 1.5294 1.5419 1.5532 1.5657 1.5770 1.5895 USD/JPY 78.91 79.99 81.51 82.59 84.11 85.19 […]
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January 82011
US & Canada Employment Reports Bring Loonie Higher
The Canadian dollar soared today after the report showed that the Canadian employers added more jobs than the market participants expected and as the unemployment rate in the US dropped, suggesting that the economic recovery in the North American nations are gaining momentum. The Canadian employment grew by 22,000, compared to the forecast growth by 19,100. The unemployment rate remained steady at 7.6 percent, while it was expected to increase slightly. The US unemployment rate slid […]
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