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Day: September 1, 2012
September 12012
Another Weekly Loss of US Dollar, Decline Can Still Be Reversed
Currencies’ movements were driven by two major themes this week: the speech of Federal Reserve Chairman Ben Bernanke at the Jackson Hole Symposium and the bailout for Spain. The US dollar ended with yet another weekly loss by the weekend, but further decline is by no mean guaranteed. Bernanke has given hints about the second round of the quantitative easing program at Jackson Hole in 2010 and Forex market participants hoped that he […]
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September 12012
Forex Technical Analysis for Week 09/03—09/07
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2307 1.2385 1.2480 1.2558 1.2653 1.2731 1.2826 GBP/USD 1.5637 1.5695 1.5780 1.5838 1.5923 1.5981 1.6066 USD/JPY 77.42 77.80 78.09 78.47 78.76 79.14 79.43 EUR/JPY 96.78 97.32 97.94 98.48 99.10 99.64 100.26 GBP/JPY 122.59 123.13 123.71 124.25 124.83 […]
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September 12012
Forex Brokers Update — September 1st, 2012
Three new Forex brokers have been added to EarnForex.com during the last week of August: Armada Markets — an unregulated Estonian Forex broker with MetaTrader 4 accounts starting at $100 and with a really low spread on EUR/USD. A good choice for scalpers as scalping is allowed. Armada Markets MahiFX is a UK-based but Australia-regulated broker famous for its You vs. John Paulson viral ad. Unfortunately, there is little […]
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September 12012
China’s Slowdown Makes Aussie Less Appealing
The Australian dollar fell against the euro and erased its earlier gains versus the Japanese yen on concerns about economic slowdown in China. The currency gained versus the US dollar after Federal Reserve Chairman Ben Bernanke spoke, spurring speculations about quantitative easing from the Fed. According to the government report, China’s Purchasing Managers’ Index fell from 50.1 in July to 49.2 in August, being even worse that the pessimistic forecast […]
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