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Day: April 20, 2013
April 202013
Dollar Posts Weekly Gains amid Worries About Global Growth
The US dollar gained this week as concerns about global economic growth resulted in a huge sell-off of riskier assets and the greenback retained its strength for the most of the week even as the market sentiment improved. Monday started with negative news from China, setting the mood for the rest of the week. The Chinese yuan managed to reach a record despite the news on speculations that the central bank may widen the trading range. The downward revision of the global growth […]
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April 202013
Forex Technical Analysis for Week 04/22â04/26
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2772 1.2886 1.2972 1.3087 1.3173 1.3287 1.3373 GBP/USD 1.5000 1.5107 1.5169 1.5276 1.5339 1.5445 1.5508 USD/JPY 93.04 94.40 96.95 98.31 100.85 102.22 104.76 EUR/JPY 121.21 123.08 126.50 128.37 131.79 133.66 137.08 GBP/JPY 141.66 144.02 147.78 150.14 153.91 […]
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April 202013
Forex Brokers Update — April 20th, 2013
There were only some minor updates this week: TFIFX no longer requires opening account documents to be sent to them via snail-mail. They now offer Muslim-friendly accounts and support CFD trading in Premium FX accounts. Forex4you has offices in British Virgin Islands, Azerbaijan, Russia, Malaysia and Latvia. The company is now regulated by the Financial Services Commission of the British Virgin Islands. Updated links to account opening […]
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April 202013
Yen Heads Back to Recent Lows After G-20 Meeting
The Japanese yen continue to fall, heading to its recent record lows, on anticipation of additional aggressive easing measures from the Bank of Japan after the Group of Twenty gave Japan the go-ahead to reflate its economy. The G-20 again voiced no objection on the past meeting to Japan’s policies. It is interesting to see how the Group tolerates the measures to weaken the yen, condemning currency wars at the same time. Politicians found an excuse, saying that […]
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April 202013
CAD Closes Flat vs. USD & EUR, Stronger vs. JPY
The Canadian dollar closed flat versus its US peer yesterday, erasing its previous gains. The currency was also flat against the euro, paring losses. The loonie gained against the Japanese yen that was the weakest against most-traded currencies. Fundamentals were not particularly good in Canada. The Consumer Price Index rose 0.1 percent in March, slower growth than the February’s 0.7 percent. The annual growth of the CPI slowed […]
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