Day: November 26, 2011

November 26
2011

EUR/USD Down for Fourth Week

The euro fell against the US dollar for the fourth week in a row, posting the longest losing streak in 18 months. The currency also fell against the Japanese yen, declining for the third week. But the UK pound managed to perform even worse than the shared European currency, therefore the euro was up versus the UK currency this week after three weeks of losses. The issues of Europe remained the same. The borrowing costs of the European nations […]

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November 26
2011

Forex Technical Analysis for Week 11/28—12/02

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2752 1.2981 1.3108 1.3337 1.3464 1.3693 1.3820 GBP/USD 1.4931 1.5177 1.5304 1.5550 1.5677 1.5923 1.6050 USD/JPY 76.02 76.38 77.05 77.41 78.08 78.44 79.11 EUR/JPY 100.28 101.38 102.13 103.23 103.98 105.08 105.83 GBP/JPY 116.96 118.16 119.05 120.25 121.14 […]

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November 26
2011

Pound Profits from Europe’s Woes

The Great Britain pound closed higher against most of the major currencies, including the Japanese yen, the euro and the Swiss franc, though fell versus the US dollar, as the ongoing debt issues in the European Union made traders to consider the sterling something like a refuge from Europe’s problems. The UK stocks rose for the first time in 10 sessions. The FTSE 100 Index advanced 0.7 percent. The yield on the gilts maturing in 10 years increased 14 […]

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