Day: January 5, 2013

January 5
2013

Volatile First Trading Week of 2013

The first trading week of the new year was full of unpredictability and surprises. Traders have seen sharp rallies and fast drops and it it’s likely that quite a few of market participants experienced losses because of such volatility. The US dollar was also caught in the turmoil, emerging victorious against some currencies, but losing against others. At first, it looked like the year has begun on the positive note as the issue of the US […]

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January 5
2013

Forex Technical Analysis for Week 01/07–01/11

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2658 1.2828 1.2954 1.3123 1.3249 1.3418 1.3544 GBP/USD 1.5613 1.5810 1.5943 1.6140 1.6273 1.6470 1.6603 USD/JPY 83.64 84.64 86.39 87.39 89.13 90.13 91.87 EUR/JPY 110.88 112.02 113.64 114.79 116.41 117.55 119.18 GBP/JPY 135.11 136.79 139.23 140.91 143.35 […]

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January 5
2013

Forex Brokers Update — January 5th, 2013

This New Year week proved to be quite volatile for currencies but quiet for the operating companies. Only two not-so-big updates to report: You Trade FX is now regulated by the Financial Service Authority of the United Kingdom with registration number 548033. IC Markets opens offices in Hong Kong and Vietnam. They now offer support in Chinese, Japanese, French, Spanish, German and Italian. It is now possible to deposit […]

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January 5
2013

AUD/USD Falls on Poor Services PMI in Australia & China, Rebounds

The Australian dollar fell against its US counterpart as the service industry performed poorly both in Australia and in China, adding to investors’ concerns. The currency rebounded later and closed with a small gain. The Aussie rose a little versus the euro and surged against the Japanese yen. China’s Services Purchasing Managers’ Index declined from 52.1 in November to 51.7 in December. The index still indicated growth, but the expansion was slowest since August 2011. […]

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January 5
2013

CAD Gains vs. USD & JPY on Robust Employment Growth in Canada

The Canadian dollar advanced versus its US peer and jumped to the highest since 2010 against the Japanese yen on robust employment growth and the falling unemployment rate in Canada. The currency fell against the euro. Canada’s employment rose by 39,800 jobs in December from November. At the same time, the unemployment rate dropped 0.1 basis point to 7.1 percent. The positive data allowed economists to speculate that the Bank of Canada may raise borrowing costs […]

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