Day: December 10, 2011

December 10
2011

Unpleasant Week for Euro Ended

This week was expected to bring hopes for the eurozone and help the euro to end its downtrend. Instead, traders felt more disappointment than encouragement from news. The end of the week was somewhat brighter, but not much. The week started with uncertainty as traders were waiting for the meeting of the European leaders on Friday. The meeting indeed provided some positive results and lifter the euro. But the boost wasn’t nearly as big as Forex traders […]

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December 10
2011

Forex Technical Analysis for Week 12/12—12/16

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3073 1.3176 1.3280 1.3383 1.3487 1.3590 1.3694 GBP/USD 1.5354 1.5457 1.5562 1.5665 1.5770 1.5873 1.5978 USD/JPY 76.12 76.62 77.10 77.60 78.08 78.58 79.06 EUR/JPY 100.93 101.96 102.92 103.95 104.91 105.94 106.90 GBP/JPY 119.51 120.21 120.88 121.58 122.25 […]

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December 10
2011

Canadian Dollar Jumps as Europe & USA Bring Good News

The Canadian dollar jumped by the end of this trading week as Europe moved closer to resolution of the sovereign-debt crisis, while the confidence of US citizens improved. Earlier, the currency declined, dragged down by fears that the European Union wouldn’t make headway with battling the crisis. The European leaders made a statement that showed that the members of the EU are striving for a stronger fiscal consolidation: Today we agreed to move towards a stronger economic union. […]

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