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Day: May 28, 2011
May 282011
Hard Week for Dollar as US Economy Stalls
The US dollar dropped this week against most major currencies as the macroeconomic data was terrible, reducing attractiveness of the currency as a safe asset. The global economic situation wasn’t very favorable for the dollar. The influence of the European crisis on market sentiments weakened somewhat, higher-yielding assets are again in favor of investors, erasing appeal of safe currencies. Without the support from outside of the US the dollar could only rely on the new from America. And the news […]
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May 282011
Forex Technical Analysis for Week 05/30—06/03
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3718 1.3844 1.4072 1.4198 1.4426 1.4552 1.4780 GBP/USD 1.5748 1.5903 1.6203 1.6358 1.6658 1.6813 1.7113 USD/JPY 78.74 79.72 80.25 81.23 81.76 82.74 83.27 EUR/JPY 111.71 112.78 114.23 115.30 116.75 117.82 119.27 GBP/JPY 129.26 130.25 131.78 132.77 134.30 […]
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