Day: November 19, 2011

November 19
2011

Another Week of Risk-Off, Yen in Demand

The Japanese yen was rising through this week as concerns about the European debt crisis returned to markets with new strength, reassuring that safe assets would be in high demand. The surging borrowing costs of the European nations refueled doubts and fears among traders, driving them to the safety of the yen. There aren’t many choices for traders seeking for “safe” currency as the franc basically lost its “safe haven” status after […]

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November 19
2011

Forex Technical Analysis for Week 11/21—11/25

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2972 1.3197 1.3359 1.3584 1.3746 1.3971 1.4133 GBP/USD 1.5234 1.5463 1.5632 1.5861 1.6030 1.6259 1.6428 USD/JPY 75.65 76.10 76.49 76.94 77.33 77.78 78.17 EUR/JPY 99.42 101.40 102.71 104.69 106.00 107.98 109.29 GBP/JPY 116.73 118.78 120.14 122.19 123.55 […]

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November 19
2011

Pound Climbs on QE Talks in USA

The Great Britain pound advanced yesterday on the good macroeconomic data from the USA and the speculation the Federal Reserve is going to make the monetary policy even more accommodative. The US leading index was up 0.9 percent in October, following the 0.1 percent increase in September. This report together with other data, like rising building permits and falling unemployment claims, pictures the US economy as strong and recovering. The Standard & Poor’s […]

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