Day: August 18, 2012

August 18
2012

Franc Posts Weekly Gains vs. Dollar & Yen, Flat vs. Euro

The Swiss franc rallied this week against the US dollar and the Japanese yen. The currency has been appreciating since the second half of July. As one could expect, the franc remained flat against the euro near the ceiling level of 1.20 francs per euro. The Swiss fundamentals were mixed this week. On the negative side, the Producer Price Index fell 0.3 percent in July, following the decline with the same rate in June. The market […]

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August 18
2012

Forex Technical Analysis for Week 08/20—08/24

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2132 1.2194 1.2263 1.2325 1.2394 1.2456 1.2525 GBP/USD 1.5529 1.5582 1.5638 1.5691 1.5747 1.5800 1.5856 USD/JPY 77.18 77.66 78.61 79.09 80.04 80.52 81.47 EUR/JPY 94.09 95.00 96.56 97.47 99.03 99.94 101.50 GBP/JPY 120.58 121.47 123.15 124.04 125.72 […]

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August 18
2012

Forex Brokers Update — August 18th, 2012

Not too many broker updates during last two weeks: FXOpen now supports Payza (ex-AlertPay) payment method. United World Capital now offers its website also in Spanish language. Finotec now offers its website also in Russian. Tadawul FX now offers its website also in Chinese. PFG Best files for bankruptcy. If you have any questions or comments regarding any of the latest Forex […]

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August 18
2012

Central Bank of Chile Mentions Peso, Intervention Is Coming?

Chile’s central bank mentioned the rally of the Chilean peso in its monetary policy statement, leading to speculations that the bank would expand its dollar-purchase program to weaken the appreciating currency. The Central Bank of Chile left its main interest rate at 5 percent on August 16. The central bank said in the press release accompanying the decision that “the peso has appreciated”. The currency has not been mentioned in the previous statements. The analysts interpreted […]

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