Day: July 9, 2011

July 9
2011

New Worries Return Demand for Franc

The Swiss franc gained this week as concerns about the European indebted nations and the abysmal report about the US employment spurred investors to seek safety of the Swiss currency. The last week was negative for the Swissie as it looked like the European debt problems have subsided for the time being, reducing need for a safe haven. Yet this week demand for safety returned with a new vigor as three main rating agencies: Standard and Poor’s, […]

Read more
July 9
2011

Forex Technical Analysis for Week 07/11—07/15

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3747 1.3976 1.4119 1.4348 1.4491 1.4720 1.4863 GBP/USD 1.5737 1.5833 1.5945 1.6041 1.6153 1.6249 1.6361 USD/JPY 79.24 79.87 80.22 80.85 81.20 81.83 82.18 EUR/JPY 110.78 112.72 113.86 115.80 116.94 118.88 120.02 GBP/JPY 126.64 127.77 128.57 129.70 130.50 […]

Read more
July 9
2011

Australian Dollar Falls on Bad US Employment

The Australian dollar fell against its US counterpart and the Japanese yen after the report about the US employment showed a very depressing result, reducing attractiveness of higher-yielding currencies. The depressing US payrolls report caused a surge of risk aversion on the Forex market, hurting currencies related to growth, including the Australian dollar. The S&P 500 Index fell 1.1 percent. The Dow Jones Industrial Average slid 0.9 percent. The employment in Australia showed […]

Read more