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Day: August 4, 2012
August 42012
Euro Ends Higher vs. Most Majors After Hard Week of Trading
This week was not an easy week to trade. The market sentiment was shifting and changing all the time, making it hard for traders to catch a particular price movement. The euro reflected that volatility as it fell during the week, reaching all-time lows against some currencies, but ended the week higher against most majors. The week started with moderate optimism, carried over from the previous week, when European […]
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August 42012
Forex Technical Analysis for Week 08/06—08/10
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.1940 1.2037 1.2211 1.2308 1.2482 1.2579 1.2753 GBP/USD 1.5256 1.5373 1.5506 1.5623 1.5756 1.5873 1.6006 USD/JPY 77.08 77.48 77.97 78.37 78.86 79.26 79.75 EUR/JPY 93.11 94.01 95.58 96.48 98.05 98.95 100.52 GBP/JPY 118.88 119.96 121.34 122.42 123.80 […]
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August 42012
Traders Forgets Pessimism, Aussie Closes Higher
The Australian dollar closed higher on Friday as the optimistic mood on the Forex market returned currencies with higher yield to favor of traders. The Aussie closed lower versus the euro. One story made the news headlines: US nonfarm payrolls. The employment report was very good, much better than even optimistic expectations, lifting mood of traders. Some people managed to found a bit of negativity even among the good news: employment growth […]
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