Day: February 25, 2012

February 25
2012

Mixed Week for Pound, Good from Fundamental Point of View

The Great Britain pound had a mixed week after positive macroeconomic fundamentals reduced need for stimulating measures, but the minutes of the central bank’s policy meeting showed that some policy makers think that the UK economy needs even more stimulus. Most economic reports were positive for the pound. Among them were larger-than-forecast budget surplus, increasing mortgage approvals and growing gross domestic product. Skepticism about ability […]

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February 25
2012

Forex Technical Analysis for Week 02/27—03/02

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2940 1.3056 1.3253 1.3369 1.3566 1.3682 1.3879 GBP/USD 1.5465 1.5556 1.5716 1.5807 1.5967 1.6058 1.6218 USD/JPY 78.10 78.72 79.96 80.58 81.82 82.44 83.68 EUR/JPY 101.55 103.09 106.15 107.69 110.75 112.29 115.35 GBP/JPY 123.07 124.25 126.58 127.76 130.09 […]

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February 25
2012

AUD/JPY Reaches Seven-Month High as Rate Cut Isn’t Expected

The Australian dollar climbed to the highest price in more than in seventh months against the Japanese yen as speculations about an interest rate cut receded, while general mood on the Forex market was supportive for higher-yielding currencies. The Australian currency was down versus the US dollar and the euro. Glenn Stevens, the Reserve Bank of Australia Governor, suggested in his opening statement to House of Representatives Standing Committee on Economics that policy makers of the central bank […]

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