Day: January 14, 2012

January 14
2012

Euro’s Rally This Week Takes Hit from Standard & Poor’s

This week looked good for the euro as Forex traders felt a little less concerned about the situation in Europe, but then Standard & Poor’s came in and spoiled traders’ mood. The euro looked good for the most part of the week. Meetings of European leaders and officials of the International Monetary Fund spurred optimism that was further supported by falling yields on European bonds. The European Central Bank provided a major boost for the shared 17-nation currency […]

Read more
January 14
2012

Forex Technical Analysis for Week 01/16—01/20

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2318 1.2470 1.2572 1.2724 1.2826 1.2978 1.3080 GBP/USD 1.4928 1.5080 1.5195 1.5347 1.5462 1.5614 1.5729 USD/JPY 76.34 76.50 76.72 76.88 77.10 77.26 77.48 EUR/JPY 95.27 96.23 96.88 97.84 98.49 99.45 100.10 GBP/JPY 115.20 116.23 117.03 118.06 118.86 […]

Read more
January 14
2012

EUR/AUD Slumps to Record Low After S&P Hurts Outlook for Europe

The Australian dollar jumped against the euro after Standard & Poor’s harmed sentiment about Europe by cutting credit ratings of European countries. The Australian currency managed to erase losses against the US dollar and the Japanese yen despite the resulting pessimism. S&P announced yesterday: We have lowered the long-term ratings on Cyprus, Italy, Portugal, and Spain by two notches; lowered the long-term ratings on Austria, France, Malta, Slovakia, and Slovenia, by one notch; […]

Read more
January 14
2012

CAD Drops vs. USD, Rises vs. EUR as S&P Downgrades European Ratings

The Canadian dollar ended the last trading session down against the US dollar and the Japanese yen, but up versus the euro, as Standard & Poor’s downgraded credit ratings of various European countries, including France, but excluding Germany. S&P cut credit ratings of several countries of the eurozone. The rating of France and Austria was cut from AAA to AA+, leaving Germany the only eurozone country with a stable top grade as the AAA […]

Read more