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Day: February 2, 2013
February 22013
Dollar Mixed After Fed Meeting & Non-Farm Payrolls
The US dollar weakened against most currencies including the euro and the currencies of New Zealand and Canada this week. Yet the greenback managed to gain on some currencies, most notably the Great Britain pound and the Japanese yen. There were plenty of macroeconomic reports this week, some good, some bad, and overall they did not describe a clear picture of the US economy. Confusing fundamentals led to mixed performance of the US dollar. But […]
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February 22013
Forex Technical Analysis for Week 02/04â02/08
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3179 1.3296 1.3475 1.3593 1.3772 1.3889 1.4068 GBP/USD 1.5419 1.5546 1.5623 1.5750 1.5827 1.5954 1.6031 USD/JPY 88.50 89.41 91.14 92.04 93.77 94.68 96.40 EUR/JPY 117.26 119.23 123.01 124.98 128.76 130.73 134.51 GBP/JPY 138.38 140.13 142.96 144.71 147.55 […]
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February 22013
JPY Extends Drop, Reaches Record Low Since 2010 vs. USD & EUR
The Japanese yen fell, reaching the lows not seen since 2010 against the US dollar and the euro, on talks that a new head of the Japanese central bank will increase stimulus as the nation’s economy remains weak. The term of current Bank of Japan Governor Masaaki Shirakawa ends in April. There are speculations that Prime Minister Shinzo Abe will choose a new BoJ leader that will be more aggressive with […]
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