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Day: February 23, 2013
February 232013
Fed’s Minutes Boost USD, Do Not Prevent Weekly Loss vs. JPY & AUD
This week’s minutes of the last Federal Reserve’s meeting spurred risk aversion on the Forex market, driving the US dollar upward. Yet some currencies held ground against the greenback quite well, most notably the Japanese yen and the Australian dollar. The beginning of the week did not foretell anything special for dollar and the currency was slowly going down as the positive market sentiment was eroding the appeal of the greenback. The Fed’s minutes were not […]
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February 232013
Forex Technical Analysis for Week 02/25â03/01
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2787 1.2965 1.3076 1.3254 1.3365 1.3543 1.3654 GBP/USD 1.4702 1.4915 1.5081 1.5294 1.5459 1.5672 1.5838 USD/JPY 91.29 92.03 92.73 93.46 94.16 94.90 95.60 EUR/JPY 118.02 120.13 121.66 123.77 125.31 127.41 128.95 GBP/JPY 135.98 138.65 140.54 143.21 145.11 […]
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February 232013
Forex Brokers Update — February 23rd, 2013
A relatively busy week to report today. Two new Forex brokers became listed on EarnForex.com: Capital One Forex — a new Forex broker with New Zealand’s FSP registration. Trading is performed via MetaTrader 4 platform and a wide variety of trading account types is offered. Minimum account size is $25. Capital One Forex Nature Forex is a Vietnamese broker registered as an offshore entity in Belize. Trading […]
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February 232013
Stevens’ Comments Lead to Surge of Australian Dollar
The Australian dollar jumped and closed with a big gain yesterday after the central bank’s head signaled that he may pause interest rate cuts and said that he is not going to target a particular level of the exchange rate. Reserve Bank of Australia Governor Glenn Stevens was speaking to the House of Representatives Standing Committee on Economics yesterday. He mentioned impact of the strong currency on inflation: The high exchange rate has […]
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