Day: July 14, 2012

July 14
2012

Risk Aversion on Forex Market Leads to Gains of Yen

The Japanese yen rose against most major currencies this week as risk aversion persisted on the Forex market, driving investors to seek safety of the Japanese currency. The gains were relatively small, though. Europe remains the main reason for worries. The delay of ESM’s implementation and the downgrade of Italy’s credit rating reminded market participants that the eurozone is not out of the wood. China and the slowdown of its economic growth added to concerns of traders. In Japan […]

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July 14
2012

Forex Technical Analysis for Week 07/16—07/20

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.1991 1.2077 1.2163 1.2248 1.2334 1.2420 1.2506 GBP/USD 1.5264 1.5328 1.5451 1.5515 1.5638 1.5702 1.5825 USD/JPY 77.99 78.53 78.86 79.40 79.73 80.27 80.60 EUR/JPY 94.51 95.46 96.22 97.17 97.92 98.88 99.63 GBP/JPY 120.20 121.12 122.20 123.12 124.20 […]

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July 14
2012

China’s GDP Spurs Speculation About Stimulus, EUR/CAD at Record Low

The Canadian dollar climbed against most major currencies as the slowing growth in China spurred speculations that the policy makers in the Asian nation would step up to boost the economic expansion. The currency reached the record high versus the euro. China’s gross domestic product expanded 7.6 percent in the second quarter of this year, somewhat below the expectations of a 7.7 percent increase. The expansion in the preceding quarter was 8.1 percent. The slowdown spurred speculations […]

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