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Day: August 25, 2012
August 252012
Fed Makes Week Bad for Dollar
The minutes of Federal Reserve’s monetary policy meeting reignited speculations among investors about the third round of quantitative easing. Those talks defined the performance of the US dollar this week. The performance that, unsurprisingly, was not very impressive. The Fed minutes suggested that monetary easing is still in the card and is, in fact, not very far away. There are still doubts that the US central bank would initiate […]
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August 252012
Forex Brokers Update — August 25th, 2012
The descriptions of two new Forex brokers have been added to EarnForex.com in the week that ends today: Nova Tradex is a regular unregulated offshore (BVI) Forex broker with three different account types — Mini ($25), Micro ($500 — yes, their micro is bigger than mini…) and Standard ($2,000). All are on MetaTrader 4 platform. Generous deposit bonuses are available on all account types. Nova Tradex […]
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August 252012
Forex Technical Analysis for Week 08/27—08/31
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2044 1.2169 1.2340 1.2465 1.2636 1.2761 1.2932 GBP/USD 1.5451 1.5564 1.5686 1.5799 1.5921 1.6034 1.6156 USD/JPY 76.68 77.47 78.07 78.86 79.46 80.25 80.85 EUR/JPY 96.25 96.98 97.70 98.43 99.15 99.88 100.60 GBP/JPY 122.30 123.17 123.75 124.62 125.20 […]
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August 252012
Aussie Weakens on Concerns About Mining Sector
The Australian dollar weakened on signs that China’s manufacturing is slowing and amid speculations that the end of the mining boom in Australia is near. Mining is a very important sector for Australia’s economy. Reserve Bank of Australia Governor Glenn Stevens claimed that there would be another year or two before the mining boom will peak. Stevens said that the Australian currency should become much cheaper when the boom […]
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