Day: April 16, 2011

April 16
2011

Aussie Ends Week Flat vs. Greenback & Euro, Falls vs. Yen

The Australian currency fell against the Japanese yen over the week on concerns about Europe’s debt problems and China’s possible austerity measures. The Aussie managed to erase losses versus the euro and the US currency on the signs of the global growth and increasing commodity prices. China, the biggest trading partner of Australia, still attempts to cool its overheating economy, but such attempt remain without success so far. The accelerating inflation spurred talks that […]

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April 16
2011

Forex Technical Analysis for Week 04/18—04/22

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4200 1.4282 1.4355 1.4437 1.4510 1.4592 1.4665 GBP/USD 1.6025 1.6126 1.6224 1.6325 1.6423 1.6524 1.6622 USD/JPY 80.12 81.54 82.32 83.74 84.52 85.94 86.72 EUR/JPY 114.29 116.78 118.35 120.84 122.41 124.90 126.47 GBP/JPY 129.79 132.52 134.08 136.81 138.37 […]

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April 16
2011

Kiwi at Three-Year High Against Greenback

The New Zealand dollar rose against other most-traded currencies, jumping to the highest level in three years, after Finance Minister Bill English claimed that the fast growth of the inflation won’t damage the nation’s economy. English said: There will be some pressures there as the economy picks up, but we’re in pretty good shape on inflation. The kiwi, as the New Zealand currency is nicknamed, rose also as the rallying commodity prices […]

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