Day: November 17, 2012

November 17
2012

Weekly Recap: Yen Suffers from Stimulus Speculations

The Japanese yen suffered this week, falling against all other most-traded currencies, on speculations that Japan will have new leadership that will demand more aggressive easing from the nation’s central bank. Even poor fundamental news did not lift the currency. Prime Minister Yoshihiko Noda surprised everyone this week, dissolving the parliament. Most analysts believe that the resulting elections will bring the opposition […]

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November 17
2012

Forex Technical Analysis for Week 11/19–11/23

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2523 1.2592 1.2664 1.2732 1.2804 1.2873 1.2945 GBP/USD 1.5738 1.5779 1.5833 1.5874 1.5928 1.5969 1.6023 USD/JPY 77.56 78.38 79.81 80.63 82.06 82.88 84.30 EUR/JPY 97.54 98.92 101.19 102.58 104.85 106.23 108.50 GBP/JPY 123.18 124.42 126.75 127.98 130.31 […]

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November 17
2012

Aussie Erases Gains Despite Negative Factors

The Australian dollar followed its Canadian counterpart in gains yesterday, erasing its previous losses. The currency was weaker at the beginning of Friday’s session and dropped near the lowest level in three weeks against the US dollar. The International Monetary Fund said that the Reserve Bank of Australia has ability to lower interest rates if that will be necessary. The RBA has kept its key rate stable at the last policy meeting, […]

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