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Day: December 31, 2011
December 312011
EUR/JPY Ends Year Below 100 for the First Time Since 2001
The euro ended yet another week with losses, falling to the lowest level in a year against the dollar and to the lowest in a decade against the yen, as Europe enters the new year with its crisis unresolved. The trading was slow in the last week of the year and it’s surprising to see the euro to post such a big drop even as volume was thin. The shared European currency was in the news for the whole year as the crisis in Europe was the major theme […]
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December 312011
Forex Technical Analysis for Week 01/02—01/06
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2625 1.2741 1.2849 1.2965 1.3073 1.3189 1.3297 GBP/USD 1.5043 1.5201 1.5373 1.5531 1.5703 1.5861 1.6033 USD/JPY 75.30 76.07 76.47 77.24 77.64 78.41 78.81 EUR/JPY 96.22 97.83 98.74 100.35 101.26 102.87 103.78 GBP/JPY 115.63 117.44 118.47 120.28 121.31 […]
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December 312011
My Forex Forecast for 2012
First, I’d like to wish everyone a happy New Year. Today is December 31st and the trading of the year 2011 has already ended, so it’s time to wish successful trading to all Forex traders in the next year. My forecasts for 2011 were a complete failure. Mainly due to the worsening of the eurozone debt situation and partly due to the slow pace of the global economic recovery. Let’s look at the individual trading instruments forecasts and the real outcomes: […]
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