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Day: November 10, 2012
November 102012
AUD Posts Weekly Gains with Help from RBA & Employment
The surprising decision of the Reserve Bank of Australia to keep its interest rates high and positive employment data allowed the Australian dollar to gain this week. Not everything was favorable for the currency and it slipped against the Japanese yen. Most analysts have been sure that the RBA would cut borrowing costs and the decision to abstain from lowering rates was a real surprise. Very good employment figures added to the bullish momentum […]
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November 102012
Forex Technical Analysis for Week 11/12â11/16
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2453 1.2571 1.2640 1.2758 1.2827 1.2945 1.3014 GBP/USD 1.5686 1.5786 1.5841 1.5941 1.5995 1.6095 1.6149 USD/JPY 77.34 78.20 78.83 79.69 80.32 81.19 81.82 EUR/JPY 96.82 98.61 99.80 101.60 102.79 104.58 105.78 GBP/JPY 122.03 123.98 125.15 127.10 128.26 […]
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November 102012
Forex Brokers Update — November 10th, 2012
One new broker with a very “original” name was added to EarnForex.com during this week: TradingForex.com is another Cypriot Forex company. They offer only one account type, which they call ECN/STP, and one trading platform — MetaTrader 4. FX trading can be started with $200 and, of course, the mini-lots are allowed. The leverage for all instruments, which include currencies, precious and industrial metals, […]
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November 102012
CAD Closes Below Parity with USD
The Canadian dollar dropped for the third consecutive session against its US peer, closing below parity. It also fell against the Japanese yen. Yet the loonie managed to advance versus the euro. Fundamental data from Europe was bad enough to put markets in the risk-off mode, but positive reports from the United States alleviated the negative sentiment. Crude oil, the main Canada’s export, dropped as much as 1.1 percent to $84.13 […]
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