Day: February 4, 2012

February 4
2012

Good Employment Rescues Dollar After Week of Bad Data

The US dollar had a mixed week as there was plenty of negative data from the United States, yet there also were positive indicators, especially employment figures. The greenback rose against the euro and the yen, but declined against higher-yielding currencies. The US dollar started this week stronger against most of the currencies, but quickly turned to the downside as negative reports had begun to flow in. The Chicago Purchasing Managers’ Index […]

Read more
February 4
2012

Forex Technical Analysis for Week 02/06—02/10

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2849 1.2937 1.3048 1.3136 1.3247 1.3335 1.3446 GBP/USD 1.5454 1.5553 1.5684 1.5783 1.5914 1.6013 1.6144 USD/JPY 75.38 75.70 76.13 76.45 76.88 77.20 77.63 EUR/JPY 97.31 98.28 99.52 100.49 101.73 102.70 103.94 GBP/JPY 118.43 119.00 120.06 120.63 121.69 […]

Read more
February 4
2012

NZ Dollar at Record vs. Euro as US Employers Add Jobs

The New Zealand dollar climbed today, reaching the all-time high versus the euro, after positive employment data from the United States bolstered risk appetite among Forex traders, making them prefer higher-yielding currencies. US employment data overshadowed the problems of Europe for a day and provided a major boost for currencies tied to growth. The United States has its share of problems, but traders prefer to look at a brighter side of things in the USA […]

Read more