Day: October 29, 2011

October 29
2011

Forex Technical Analysis for Week 10/31—11/04

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3432 1.3615 1.3881 1.4064 1.4330 1.4513 1.4779 GBP/USD 1.5696 1.5792 1.5958 1.6054 1.6220 1.6316 1.6482 USD/JPY 74.64 75.14 75.47 75.97 76.30 76.80 77.13 EUR/JPY 101.91 103.32 105.30 106.71 108.69 110.10 112.08 GBP/JPY 119.24 119.95 121.08 121.79 122.92 […]

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October 29
2011

Europe Made Pound Stronger vs. Safer Currencies, Weaker vs. Euro

The Great Britain pound gained this week against the dollar and the yen as the optimism caused by the revelation of the plans to battle the sovereign-debt crisis in Europe damped demand for safer assets. That same optimism allowed the euro to outperform the pound. The weak started with the doubts about ability of the European leaders to make decisive actions in dealing with the crisis. The resulting risk aversion sentiment eroded the strength of the sterling against the greenback and the yen, but made it […]

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October 29
2011

Franc Gains vs. Dollar, Retreats vs. Yen

The Swiss franc gained as the problems in Europe made traders flock to the currency, even though it’s hard now to be consider the Swissie a “safe currency” after the euro-peg was implemented by the central bank. That peg was likely the reason the franc wasn’t been able to rise against the euro, while the troubling signs from Switzerland itself made investors prefer to buy the yen than the Swiss currency. The announcement of the plans to help Greece […]

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