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Day: October 22, 2011
October 222011
Euro Fell as Hopes Turned to Doubts This Week
The euro declined against most majors this week even though it looked at first the persisting optimism from the previous week would carry the currency even higher. The concerns returned and dragged the euro down. The main theme on newswires remained the same: Europe and its debt crisis. There was a new part of it, though, as attention of market participants turned to the European Union summit this week. The possible changes to the bailout […]
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October 222011
Forex Technical Analysis for Week 10/24—10/28
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3465 1.3558 1.3727 1.3820 1.3989 1.4082 1.4251 GBP/USD 1.5389 1.5509 1.5731 1.5851 1.6073 1.6193 1.6415 USD/JPY 73.88 74.83 75.54 76.49 77.20 78.15 78.86 EUR/JPY 101.68 103.22 104.59 106.13 107.50 109.04 110.41 GBP/JPY 117.52 118.73 120.18 121.39 122.84 […]
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October 222011
Franc Continues to Profit from Troubles in Europe
With all the uncertainty about the outcome of the coming European Union summit Forex traders remembered that the Swiss franc was considered a safe currency and flocked to the Swissie in search of a refuge from the market volatility. The EU summit will start tomorrow and traders eagerly await its outcome. While the final plan is expected to be introduced on the next meeting, everybody hope at least for some suggestions about the future course of the euro area. […]
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