Day: May 25, 2013

May 25
2013

Confusing Comments of Fed Result in Mixed Performance of USD

The major theme of this week was speeches of various Federal Reserve members and, most importantly, Chairman Ben Bernanke. Comments of policy makers did not help to understand when the central bank is going to end quantitative easing. The confusion resulted in a mixed performance of the US dollar. Bernanke did not clear things up, warning about the danger of premature end to QE, but at the same time saying that the Fed […]

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May 25
2013

Forex Technical Analysis for Week 05/27–05/31

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2658 1.2739 1.2836 1.2917 1.3015 1.3095 1.3193 GBP/USD 1.4731 1.4872 1.4998 1.5139 1.5266 1.5407 1.5533 USD/JPY 96.86 98.76 99.92 101.82 102.99 104.89 106.05 EUR/JPY 125.35 127.65 129.20 131.49 133.05 135.34 136.90 GBP/JPY 146.17 148.97 150.93 153.73 155.69 […]

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May 25
2013

Forex Brokers Update — May 25th, 2013

The last two weeks have brought some quite interesting updates, including three newly listed companies and important changes to existing broker listings. ATIG Securities — a Turkish Forex broker that has been launched only a year ago. They offer FX, bonds, ETF and precious metals trading via MetaTrader 4 platform. Minimum account size is only $20, but you will have to start with […]

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May 25
2013

Japanese Yen Gains amid Risk Aversion

The Japanese yen ended Friday with gains as risk aversion attracted investors to the perceived safety of the currency, allowing the yen to move away from multi-year lows that it has reached recently. Traders are worried that the US Federal Reserve may tamper its quantitative easing program. Such concerns bolstered safer currencies, weakening risky ones at the same time. Japan’s QE created an interesting paradox. It was […]

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