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Day: September 15, 2012
September 152012
QE3 Leads to Fifth Weekly Drop of US Dollar vs. Euro
The US dollar slumped this week against most major currencies as the Federal Reserve initiated the third round of quantitative easing. The greenback managed to erase its previous losses against the yen as the Fed’s decision reduced demand for the Japanese currency as a safe haven. The dollar fell for the fifth consecutive week against the euro and the pound. The US central bank announced that it begins purchases of mortgage-backed securities. The Fed also reiterated its pledge […]
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September 152012
Forex Brokers Update — September 15th, 2012
No new brokers listed this week, but we have got some interesting updates to the existing brokers’ pages: Universal FX now accepts credit cards and offers ECN accounts with only $500 minimum. List of currency pairs added to 45 more brokers. PFD now accepts Technocash and Western Union. They have completely revamped the account conditions, making them more accommodating for the traders. Their customer […]
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September 152012
Forex Technical Analysis for Week 09/17—09/21
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2448 1.2601 1.2860 1.3014 1.3272 1.3426 1.3685 GBP/USD 1.5744 1.5852 1.6038 1.6146 1.6332 1.6440 1.6627 USD/JPY 76.28 76.70 77.54 77.96 78.80 79.22 80.06 EUR/JPY 96.94 98.19 100.50 101.75 104.07 105.32 107.63 GBP/JPY 122.30 123.30 125.23 126.23 128.17 […]
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