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Day: May 5, 2012
May 52012
Dollar Posts Weekly Gains Despite Disappointing Employment Growth
This week was good for the US dollar even though macroeconomic data made traders question whether economic recovery in the United States is stable enough. The greenback was higher against most major currencies, but fell versus the Japanese yen. Europe was the main driver for the gains of the US currency. Spain’s recession, uncertainty caused by elections in various European countries and general fear of the economic crisis forced Forex market […]
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May 52012
Forex Technical Analysis for Week 05/07—05/11
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2810 1.2944 1.3014 1.3148 1.3218 1.3352 1.3422 GBP/USD 1.5929 1.6035 1.6090 1.6196 1.6251 1.6357 1.6412 USD/JPY 78.46 79.04 79.44 80.02 80.42 81.00 81.40 EUR/JPY 101.59 102.99 103.73 105.13 105.87 107.27 108.01 GBP/JPY 126.17 127.50 128.21 129.54 130.25 […]
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May 52012
New Broker — Infin Markets and Some Updates
First, there is a new Forex broker that was listed on our website today — Infin Markets. It is a regulated Cypriot company offering purely currency trading via NetTradeX trading platform. They operate accounts starting from as little as $1 but the only payment method accepted is wire transfer. Second, there were some updates to the already listed brokers: AGEA now offers MetaTrader 4 […]
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May 52012
Aussie Falls as RBA Cut Growth Forecast
The Australian dollar tumbled as the Reserve Bank of Australia revised its growth forecast for this year downwardly, spurring speculation that more interest rate cuts will follow. The RBA forecast that nation’s gross domestic product will rise 3 percent, compared to the previous estimate of 3.5 percent. Inflation growth was revised from 3 percent to 2.5 percent. The central bank wrote in its policy statement: The assumed high […]
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