Day: April 14, 2012

April 14
2012

Second Week of Gains for Yen

The Japanese yen gained for the second week as risk aversion sentiment prevailed on the Forex market, while the Bank of Japan refrained from easing its monetary policy despite its promises. The BoJ left its interest rates and asset-purchase program unchanged for the second time at its meeting on April 10. Such decision left frustrated those traders who expected the Bank to intervene. Still the central bank signaled that it’s going to “pursue […]

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April 14
2012

Forex Technical Analysis for Week 04/16—04/20

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2824 1.2928 1.3003 1.3107 1.3182 1.3286 1.3361 GBP/USD 1.5599 1.5703 1.5775 1.5879 1.5951 1.6055 1.6127 USD/JPY 79.05 79.81 80.35 81.11 81.65 82.41 82.95 EUR/JPY 102.99 104.22 105.01 106.24 107.03 108.26 109.05 GBP/JPY 124.95 126.41 127.30 128.76 129.65 […]

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April 14
2012

Australian Dollar Falls, China to Blame

The Australian dollar fell as signs of economic slowdown in China spooked Forex traders, causing concerns that demand for assets of the South Pacific nations will decline. The currency closed higher against the euro. China’s economic growth slowed, reducing attractiveness of growth-related assets. China is a major trading partner of many commodity-exporting countries, Australia among them. Sue Trinh, a senior foreign-exchange strategist at Royal Bank of Canada, commented on the market reaction to the slowdown […]

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