Day: April 7, 2012

April 7
2012

Weekly Summary: Dollar’s Rally Unfazed by Prospect of QE

The US dollar had a strong rally this week on the signs that the Federal Reserve will refrain from quantitative easing. The speculation about easing reemerged by the end of the week, but didn’t influence the rally to a high degree. The first important event this week was the release of the Federal Open Market Committee monetary policy minutes on April 3. The minutes showed that most members of the Committee don’t think that additional stimulus […]

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April 7
2012

Forex Technical Analysis for Week 04/09—04/13

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2612 1.2824 1.2957 1.3169 1.3302 1.3514 1.3647 GBP/USD 1.5506 1.5655 1.5764 1.5913 1.6022 1.6171 1.6280 USD/JPY 78.89 80.12 80.85 82.08 82.81 84.04 84.77 EUR/JPY 100.59 103.57 105.18 108.16 109.77 112.75 114.36 GBP/JPY 123.94 126.53 128.04 130.63 132.14 […]

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April 7
2012

Major Forex Broker Lists Update

Today I’ve upgraded the broker listing system to a new version. It now features more information for each broker and offers more informative lists. Additionally, new categories have been added: MT5 Forex brokers — brokers that support MetaTrader 5 trading platform. Brokers for US traders — brokers that accept traders from the United States. Scalping Forex brokers — brokers that allow scalping strategies. Low Spread […]

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April 7
2012

Canadian Dollar Slides on US Payrolls & European Debt Problems

The Canadian dollar slipped as US nonfarm payrolls disappointed Forex market participants, rising far less than was expected, and on reemerging concerns about the debt problems in Europe. US nonfarm employment advanced by 120,000 jobs in March. That’s not a bad figure by itself, but it’s significantly below the market expectations of 207,000. On the bright side, the increase in the preceding month was revised upwardly and the unemployment rate unexpectedly went down from […]

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