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Day: February 5, 2011
February 52011
Australian Dollar Beats Other Currencies This Week
The Australian dollar rallied against all other most-traded currencies this week without any noticeable opposition as the economic recovery boosted commodity prices and caused Australia’s central bank to revise its growth forecast upwardly. The economic recovery was evident as the macroeconomic data from countries all around the world was generally positive. The economic reports from Australia itself were also good, including the reports about surging building […]
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February 52011
Forex Technical Analysis for Week 02/07—02/11
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3148 1.3345 1.3466 1.3663 1.3784 1.3981 1.4102 GBP/USD 1.5394 1.5606 1.5852 1.6064 1.6310 1.6522 1.6768 USD/JPY 80.05 80.59 81.38 81.92 82.71 83.25 84.04 EUR/JPY 108.54 109.66 110.67 111.79 112.80 113.92 114.93 GBP/JPY 127.33 128.57 130.44 131.68 133.55 […]
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February 52011
High Canadian Employment Makes Loonie Strongest Since May 2008
The Canadian dollar reached the highest level against its US counterpart since May 2008 as the employment change in Canada was more than three times higher than the predicted value. Canadian employment rose for the second consecutive month in January, advancing by 69,000. The economists predicted that Canadian employers would add just 18,000 jobs. At the same time, the unemployment rate increased from 7.6 percent to 7.8 percent as more people […]
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