Day: October 20, 2012

October 20
2012

Euro Keeps Weekly Gains Even as Sentiment Turns Negative

The euro managed to post weekly gains even as the market sentiment turned negative by the weekend. The situation with Spain is still uncertain, though, and that uncertainty can weaken the 17-nation currency in the coming week. The European Union summit did not clear the picture and Spain is still reluctant to ask for a bailout as the austerity measures, demanded in exchange for aid, are very unpopular among Spain’s citizens. Spanish Prime Minister Mariano Rajoy […]

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October 20
2012

Forex Technical Analysis for Week 10/22–10/26

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2644 1.2767 1.2893 1.3016 1.3142 1.3265 1.3392 GBP/USD 1.5759 1.5877 1.5940 1.6058 1.6122 1.6240 1.6303 USD/JPY 77.47 77.89 78.60 79.02 79.72 80.15 80.85 EUR/JPY 98.37 99.69 101.47 102.79 104.57 105.89 107.67 GBP/JPY 122.89 124.21 125.56 126.88 128.23 […]

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October 20
2012

Forex Brokers Update — October 20th, 2012

One more week without new broker listings on EarnForex.com. The updates of the existing companies are plentiful though: MahiFX has its currency pairs listed now. Added WebTrader to platforms list of Forex Broker Inc. Corrected account types’ description for PFD: indexes for PFD Trader (MT4) and commission size for Kiwi Trader Gold Zero. Admiral Markets introduced MetaTrader 5 platform. United World Capital‘s website is now […]

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October 20
2012

Australian Dollar Falls, But Keeps Weekly Gains

The Australian dollar fell yesterday, but ended the week with gains against the US dollar and the Japanese yen. Signs that the global economy is recovering helped the Australian currency to hold ground even when the Forex market sentiment became negative. US existing home sales fell a little to 4.75 million in September from the upwardly revised 4.83 million in August, but posted an increase by 11 percent from a year ago. […]

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