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Day: August 13, 2011
August 132011
Good Week for Dollar Even After FOMC Statement
This week wasn’t bad for the US currency even after the statement of the Federal Market Open Committee signaled that the nation’s central bank will debase the dollar for prolonged time. The FOMC stated that it’s going to maintain interest rates exceptionally low till at least mid-2013, making the dollar to plummet with this statement. Yet the greenback recovered surprisingly fast after the initial slump. Since this announcement markets have […]
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August 132011
Forex Technical Analysis for Week 08/15—08/19
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3764 1.3934 1.4089 1.4259 1.4414 1.4584 1.4739 GBP/USD 1.5734 1.5922 1.6100 1.6288 1.6466 1.6654 1.6832 USD/JPY 73.67 74.98 75.83 77.14 77.99 79.30 80.15 EUR/JPY 102.64 105.33 107.30 109.99 111.96 114.65 116.62 GBP/JPY 116.86 120.07 122.44 125.65 128.02 […]
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