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Day: April 23, 2011
April 232011
Interest Rates Outlook Causes Weekly Slump of Dollar
The US dollar was performing terribly this week against both commodity and safe currencies among signs of economic growth and on speculation that the Federal Reserve will lag with an increase of the interest rates. The bad performance of the US currency against its safe-haven counterparts was expected, but the drop versus currencies linked to growth wasn’t anticipated. The persisting Europe’s problems with sovereign debt should’ve spurred the greenback against commodity […]
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April 232011
Forex Technical Analysis for Week 04/25—04/29
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3772 1.3964 1.4262 1.4454 1.4752 1.4944 1.5242 GBP/USD 1.5817 1.5991 1.6249 1.6423 1.6681 1.6855 1.7113 USD/JPY 79.58 80.60 81.22 82.24 82.86 83.88 84.50 EUR/JPY 113.09 114.78 117.00 118.69 120.91 122.60 124.82 GBP/JPY 130.46 131.71 133.42 134.67 136.38 […]
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