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Day: March 9, 2013
March 92013
Another Week of Gains of US Dollar
The US dollar extended its rally for another week. The currency paused its advance versus the euro after the European Central Bank talked about economic recovery, but resumed the rally on the very next day on the better-than-expected non-farm payrolls. Several central banks held policy meetings this week, including the ECB, the Bank of England, the Bank of Canada, and the Reserve Bank of Australia. There were no surprises as the banks left their monetary […]
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March 92013
Forex Technical Analysis for Week 03/11â03/15
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2745 1.2850 1.2924 1.3029 1.3103 1.3208 1.3282 GBP/USD 1.4488 1.4685 1.4802 1.5000 1.5117 1.5314 1.5431 USD/JPY 90.14 91.52 93.78 95.16 97.42 98.80 101.06 EUR/JPY 117.23 119.17 122.00 123.95 126.78 128.72 131.55 GBP/JPY 136.31 138.25 140.77 142.71 145.22 […]
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March 92013
US Non-Farm Payrolls Much Better Than Expected, Lifting Dollar
The US dollar climbed yesterday on the very good non-farm payrolls, demonstrating that recovery of the US economy is gaining momentum despite all the budget issues that the United States have. US non-farm employment grew by 236,000 jobs in February after rising 157,000 in January. Forecasts were not as optimistic, promising an increase by 162,000. Moreover, the unemployment fell from 7.9 percent to 7.7 percent, even though it was expected […]
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March 92013
Canadian Dollar Ends Friday on Positive Note
The Canadian dollar ended Friday higher against most of its major peers as employment data came out much better than was predicted by analysts, making Canadian assets more appealing to investors. The currency also advanced versus the US dollar, but later erased the gain. The Canadian employment grew by 50,700 in February from January, when it declined by 21,900. Analysts have predicted much smaller growth by 7,800. The unemployment […]
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