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Day: May 18, 2013
May 182013
Speculations About End of QE Pushes Dollar Upward
This week was relatively quiet in terms of news, though some important macroeconomic reports were released. Meanwhile, the US dollar was rising against other most-traded currencies and the Dollar Index surged to the highest level in almost three years. As was expected, the dollar managed to rally despite possible obstacles. The major driver of the gains was speculation that the Federal Reserve will end its quantitative easing program. This week’s […]
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May 182013
Forex Technical Analysis for Week 05/20â05/24
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2507 1.2652 1.2739 1.2884 1.2971 1.3115 1.3203 GBP/USD 1.4859 1.5008 1.5086 1.5235 1.5313 1.5462 1.5540 USD/JPY 99.87 100.56 101.92 102.61 103.96 104.65 106.01 EUR/JPY 129.90 130.53 131.50 132.13 133.10 133.73 134.70 GBP/JPY 153.64 154.29 155.45 156.10 157.26 […]
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