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Day: February 18, 2012
February 182012
Yen Posts Weekly Losses After BoJ Performs Easing
The Japanese yen slumped this week as the Bank of Japan embarked on quantitative easing, diminishing attractiveness of the currency that would be otherwise bolstered by uncertainty about the bailout for Greece. The BoJ spoiled that could have been a very good week for the yen by increasing the scope of their asset purchases, a stimulating measure for Japan’s economy. It hurt the currency exchange rate significantly, but it’s unlikely that the central bank would be […]
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February 182012
Forex Technical Analysis for Week 02/20—02/24
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2674 1.2824 1.2984 1.3134 1.3294 1.3444 1.3604 GBP/USD 1.5475 1.5559 1.5692 1.5776 1.5909 1.5993 1.6126 USD/JPY 75.80 76.58 78.06 78.84 80.32 81.10 82.58 EUR/JPY 99.82 100.81 102.68 103.67 105.54 106.53 108.40 GBP/JPY 118.61 120.14 122.99 124.52 127.37 […]
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