Day: March 17, 2012

March 17
2012

Absence of Quantitative Easing Results in Good Week for Dollar

The US dollar had an interesting week with ups and downs, but in general it can be considered good for the currency as the Federal Reserve’s decision to refrain from quantitative easing made it possible for the dollar to appreciate in the near future. There was plenty of fundamental data that bolstered the US currency, but the decision of the Federal Reserve not to add more stimulus for the economy was the most important. Many market participants were expecting […]

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March 17
2012

Forex Technical Analysis for Week 03/19—03/23

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2867 1.2935 1.3053 1.3121 1.3239 1.3307 1.3425 GBP/USD 1.5416 1.5508 1.5675 1.5767 1.5934 1.6026 1.6193 USD/JPY 79.96 80.96 82.19 83.19 84.42 85.42 86.65 EUR/JPY 105.80 106.65 108.28 109.13 110.76 111.61 113.24 GBP/JPY 125.13 126.64 129.39 130.90 133.65 […]

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March 17
2012

AUD/JPY Reaches 10-Month High

The Australian dollar advanced against the Japanese yen, reaching the highest price in 10 months, and its US peer on positive sentiment among Forex traders. The currency fell a little versus the euro. The Forex market is shifting from downbeat mood to cautiously optimistic as attention of traders turns from the debt-laden European countries to the United States. The US economy shows signs of robust recovery, allowing investors to feel more comfortable amid economic […]

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