Day: February 9, 2013

February 9
2013

Euro’s Huge Weekly Drop After ECB Meeting

The euro posted a huge drop this week, falling against most of other major currencies. The shared 17-nation currency dropped for the first week in five against the Great Britain pound and the first time in seven weeks against the Japanese yen. The week started with a decline of the euro, but at that time it did not look anything but a minor correction after an incredible rally. The currency rose a bit ahead of the European Central […]

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February 9
2013

Forex Technical Analysis for Week 02/11–02/15

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2953 1.3153 1.3259 1.3459 1.3564 1.3764 1.3870 GBP/USD 1.5455 1.5542 1.5668 1.5755 1.5882 1.5969 1.6095 USD/JPY 89.71 90.84 91.79 92.92 93.87 95.00 95.95 EUR/JPY 118.08 120.74 122.34 125.01 126.61 129.28 130.88 GBP/JPY 141.79 143.31 144.90 146.42 148.01 […]

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February 9
2013

Forex Brokers Update — February 9th, 2013

Another two weeks have passed without new additions to the broker listings. Yet we have some changes to report: Goldboro now runs trading contests. Introduced two new account types: Extra, featuring lower minimum account size and bigger leverage (1:500) with increased spreads, and Extreme, adding even more leverage (1:1000) but also bigger commission on trading. Blackwell Global now offers Islamic (no-interest) […]

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February 9
2013

Central Bank of Brazil Intervenes to Curb Real’s Gains

The Brazilian real fell, erasing gains as the central bank intervened to curb the rally of the currency. The real was rising previously as Finance Minister Guido Mantega hinted that the government will allow appreciation of the currency. The Banco Central do Brasil (the Brazilian central bank) intervened to stem appreciation of the real, offering reverse foreign-exchange swaps for the first time since October. Previously, the currency had rallied as Mantega said that the government may allow […]

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