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Day: February 16, 2013
February 162013
G7 & G20 Meetings Do Not Prevent Yen’s Decline
The Japanese yen fell against most major currencies this week as there were no indications that Japan’s government will be prevented from weakening the currency even more. The yen was rising for the most part of the week amid speculations that the Group of Seven or the Group of Twenty would scold Japan for devaluing currency. Yet by the end of the week it became apparent that the Asian country would get away with […]
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February 162013
Forex Technical Analysis for Week 02/18â02/22
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3058 1.3182 1.3272 1.3395 1.3485 1.3609 1.3698 GBP/USD 1.5032 1.5246 1.5381 1.5594 1.5729 1.5943 1.6077 USD/JPY 90.12 91.16 92.35 93.40 94.58 95.63 96.81 EUR/JPY 118.87 120.88 122.92 124.92 126.96 128.96 131.00 GBP/JPY 137.46 140.10 142.61 145.25 147.76 […]
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February 162013
Forex Brokers Update — February 16th, 2013
The newest Forex broker currently listed on EarnForex.com is now MFC Investment — a German, BaFin registered company. They offer MT4 ECN trading with 1:200 leverage in both Forex and precious metals. The minimum amount to start trading is only $1,000, but you also get a free VPS for your trading needs if you deposit at least $10,000. MFC Investment There were some changes to the existing broker […]
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February 162013
Retail Sales Put Pressure on Sterling But Currency Resists
The Great Britain pound closed stronger, erasing the previous losses, on the last trading session of this week. The losses were caused by the report that showed decline of retail sales last month. Retail sales dipped 0.6 percent in January from a year ago on a seasonally adjusted basis, putting a halt to the year-on-year growth seen in the retail sector since August 2011. Analysts have hoped for 0.5 percent growth. The data added to signs […]
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