Day: January 7, 2012

January 7
2012

US Dollar Posts Gains in First Week of 2012

The US dollar advanced this week, reaching a 17-month high against the euro, as concerns about the debt crisis in Europe persisted, while the economy of the United States continued to recover. The US currency was actually falling at the beginning of this week as risk appetite damped demand for safety of the dollar. Growth of manufacturing in the USA and China made traders more optimistic, while the minutes of the Federal Reserve policy meeting undermined the greenback, hinting at a new round […]

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January 7
2012

Forex Technical Analysis for Week 01/09—01/13

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2205 1.2451 1.2584 1.2830 1.2963 1.3209 1.3342 GBP/USD 1.5009 1.5190 1.5306 1.5487 1.5603 1.5784 1.5900 USD/JPY 75.86 76.22 76.59 76.95 77.32 77.68 78.05 EUR/JPY 94.64 96.26 97.07 98.69 99.50 101.12 101.93 GBP/JPY 116.43 117.47 118.09 119.13 119.75 […]

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January 7
2012

Chilean Peso Rallies as Inflation Climbs

The Chilean peso rallied after inflation jumped more than was forecast by economists, reducing probability of an interest rate cut by the nation’s central bank. Chile’s consumer prices jumped 0.6 percent in December. That’s three times above the average forecast. Pablo Castro, an economist at Banco Santander Chile, said: There is an almost zero probability that the central bank will cut rates in January. The central bank forecast was […]

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