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Day: May 11, 2013
May 112013
RBA Rate Cut Makes Week Bad for Aussie
This was definitely not good for the Australian dollar as the nation’s central bank unexpectedly reduced its interest rates and hinted that more rate cuts are possible. The Reserve Bank of Australia surprised the Forex market, easing its monetary policy further even though analysts have predicted that the bank would not make any changes. Moreover, the central bank said that it has scope for additional easing. […]
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May 112013
Forex Technical Analysis for Week 05/13â05/17
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2621 1.2778 1.2881 1.3037 1.3140 1.3297 1.3400 GBP/USD 1.4965 1.5139 1.5248 1.5422 1.5532 1.5706 1.5816 USD/JPY 96.03 97.30 99.44 100.71 102.85 104.12 106.25 EUR/JPY 126.56 127.76 129.83 131.04 133.10 134.31 136.37 GBP/JPY 149.65 151.19 153.59 155.13 157.53 […]
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May 112013
Forex Brokers Update — May 11th, 2013
Just some minor FX broker listing updates this week: TFIFX no longer supports PayPal payment method. FxNet adds Italian, Greek, Japanese and Korean translations of the website. LQD Markets revises its account type system. Mini accounts now start from $1,000 and no longer offer trading in Oil, Stocks, Futures or Bonds. Premium accounts now start from $10,000. Additionally, the company has added […]
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