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Day: May 12, 2012
May 122012
GBP Falls vs. USD & JPY, Gains vs. EUR Over This Week
The Great Britain pound fell against the US dollar and the Japanese yen this week as growing concerns about the health of the UK economy reduced appeal of the currency. The sterling is still perceived as refuge from Europe’s crisis, therefore it gained versus the euro. Britain’s economy has entered a recession, significantly hurting prospects for the sterling. The Bank of England refrained from expanding stimulus during its last policy meeting, but most […]
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May 122012
Forex Technical Analysis for Week 05/14—05/18
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2697 1.2801 1.2858 1.2962 1.3019 1.3123 1.3180 GBP/USD 1.5884 1.5973 1.6021 1.6110 1.6158 1.6247 1.6295 USD/JPY 78.89 79.15 79.54 79.80 80.19 80.45 80.84 EUR/JPY 100.82 101.78 102.51 103.47 104.20 105.16 105.89 GBP/JPY 125.87 126.84 127.63 128.60 129.39 […]
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May 122012
Minor Broker Updates
No new Forex brokers listed today — just minor existing listing updates, all involving minimum account size changes: ATC Brokers’ minimum account size increased from $5 to $5,000. Minimum account size for Tadawul FX adjusted from $1 to $500. Trader’s Way adds cTrader platform and a new account type for it. The minimum raised to $1,000. If you have any questions or comments regarding any […]
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May 122012
Australian Dollar Falls as China Signals About Slowing Growth
The Australian dollar slipped, falling to the lowest level this year against its US peer, as negative macroeconomic data hurt prospects for Australia’s exports and general pessimistic sentiment on the Forex market reduced appeal of growth-related currencies. The National Bureau of Statistics reported that China’s consumer price index fell from 3.6 percent in March to 3.4 percent in April, being in line with forecasts. Industrial production, on the other hand, frustrated forecasters, […]
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