Day: January 19, 2013

January 19
2013

Another Bad Week for Yen Ahead of Policy Decision

The Japanese yen continued its downfall this week as most market participants are certain that the Bank of Japan will ease its monetary policy further next week. The short bounce of the currency did not help it very much, though the yen managed to outperform the pound. The Japanese government wants weaker yen and it looks like the BoJ is going to do everything possible to achieve that goal. For a brief […]

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January 19
2013

Forex Technical Analysis for Week 01/21–01/25

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3104 1.3180 1.3250 1.3326 1.3396 1.3472 1.3543 GBP/USD 1.5466 1.5659 1.5766 1.5960 1.6067 1.6260 1.6367 USD/JPY 86.08 86.93 88.48 89.34 90.89 91.74 93.29 EUR/JPY 113.11 114.78 117.35 119.02 121.59 123.25 125.83 GBP/JPY 136.40 138.44 140.68 142.73 144.97 […]

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January 19
2013

Forex Brokers Update — January 19th, 2013

Today, I present the first addition to the Forex broker listings in 2013: Gainsy — an offshore Forex company, which offers STP and ECN account types. While the former can be opened with $10, the latter is available only for traders with $100,000 or more. They provide services via the proprietary Gainsy Platform, which has both web and mobile interfaces. Leverage is capped at 1:500. Gainsy Additionally, there were the following […]

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January 19
2013

Pound Drops as Retail Sales Confirm Weakness of UK Economy

The Great Britain pound after the data showed that retail sales dropped last month, unpleasantly surprising market analysts and confirming the weakness of Britain’s economy. The currency fell to the lowest closing price since March. Retail sales fell 0.1 percent in December after showing no growth in the month before. Experts have hoped for an increase of 0.2 percent. Year-on-year, sale grew 0.3 percent. That was almost the worst December […]

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January 19
2013

Loonie Does Not Manage to Erase Losses Before Close

The Canadian dollar fell amid concerns that global economic growth may not be enough to support demand for commodities and commodity-related currencies. The loonie attempted to rally before the end of the session, but did not manage to rebound, though was able to trim the losses. Traders were concerned as the data showed that China’s fixed-asset investment declined in December from the previous month. On top of that, US consumer sentiment unexpectedly worsened, […]

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