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Day: October 9, 2011
October 92011
Forex Technical Analysis for Week 10/10—10/14
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2796 1.2970 1.3174 1.3348 1.3552 1.3726 1.3930 GBP/USD 1.4965 1.5117 1.5339 1.5491 1.5713 1.5865 1.6087 USD/JPY 75.65 76.07 76.40 76.82 77.15 77.57 77.90 EUR/JPY 97.88 99.32 100.98 102.42 104.08 105.52 107.18 GBP/JPY 114.05 115.50 117.43 118.88 120.81 […]
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October 92011
Sterling Rescued by BoE Statement, Future Remains Unclear
The Great Britain pound was falling this week before the Bank of England announced its decision to expand bond purchasing program, brightening the grim outlook for Britain’s economy. This week had a plenty of bad signs for the UK economy. The stalling construction sector, the slowing economic growth and the falling house prices — all these factors supported a pessimistic view on the economic conditions in the UK. There were positive sings, but they […]
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