Day: September 17, 2011

September 17
2011

GBP Falls for Fourth Week, Quantitative Easing Expected

The Great Britain pound posted the fourth straight weekly decline against the US dollar and the Japanese yen as the fundamental data signaled that the nation’s economy is stagnating, prompting the speculation the UK central bank will be required to embark on a quantitative easing. There was enough data this week to support the negative outlook for the future of Britain’s economy. The RICS UK Housing Market Survey showed 23 percent more surveyors recorded […]

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September 17
2011

Forex Technical Analysis for Week 09/19—09/23

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3122 1.3309 1.3553 1.3740 1.3984 1.4171 1.4415 GBP/USD 1.5521 1.5613 1.5700 1.5792 1.5879 1.5971 1.6058 USD/JPY 75.29 75.91 76.34 76.96 77.39 78.01 78.44 EUR/JPY 101.16 102.52 104.23 105.59 107.30 108.66 110.37 GBP/JPY 117.86 119.25 120.22 121.61 122.58 […]

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September 17
2011

Canadian Securities Drive Canadian Dollar to Two-Week Record

The Canadian dollar jumped today, reaching the highest level in two weeks against its US counterpart and the Japanese yen, as foreign investors bought more Canadian securities than was predicted. The purchases of the Canadian securities by foreign investors rose by C$11.8 billion ($12 billion) in July. That’s much better than the median forecast of C$2 billion and a huge improvement over June decline by C$3.4 billion. The MSCI World Index of stocks gained […]

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