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Day: May 4, 2013
May 42013
Positive Fundamentals Lead to Week of Strength for Sterling
The Great Britain dollar was rallying this week as positive macroeconomic data confirmed economic recovery in the country that recently emerged from recession. Fundamentals outside of Britain also helped the currency. The reports about manufacturing and services were better than expected, boosting the pound, but even negative reports did not affect the currency in a negative manner. The sterling advanced versus the US dollar on quantitative easing from the Federal Reserve […]
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May 42013
Forex Technical Analysis for Week 05/06â05/10
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2806 1.2919 1.3018 1.3130 1.3229 1.3341 1.3440 GBP/USD 1.5347 1.5406 1.5486 1.5545 1.5624 1.5684 1.5763 USD/JPY 95.33 96.16 97.59 98.43 99.86 100.69 102.12 EUR/JPY 124.56 125.80 127.84 129.08 131.13 132.37 134.41 GBP/JPY 147.74 149.23 151.68 153.17 155.62 […]
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