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Day: June 1, 2013
June 12013
Positive Fundamentals Did Not Help CAD This Week
The Canadian dollar fell against major currencies this week despite domestic fundamentals that were supportive for the currency. Mark Carney led his last meeting as Bank of Canada Governor, leaving the monetary policy unchanged and hinting that an interest rate cut is possible in the future. Such outlook boosted the loonie and fundamentals, including narrowing current account deficit, helped the currency too. Yet the Canadian dollar ended the week with […]
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June 12013
Forex Technical Analysis for Week 06/03â06/07
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2645 1.2741 1.2868 1.2964 1.3091 1.3187 1.3314 GBP/USD 1.4821 1.4914 1.5053 1.5146 1.5284 1.5377 1.5516 USD/JPY 97.30 98.76 99.60 101.06 101.90 103.36 104.20 EUR/JPY 127.83 129.01 129.77 130.95 131.71 132.89 133.66 GBP/JPY 149.34 150.78 151.68 153.12 154.02 […]
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June 12013
Forex Brokers Update — June 1st, 2013
No new brokers have been added during the week, but you can see that some of the listed brokers have undergone noteworthy changes in this short period of time: LQD Markets is now regulated in Italy by CONSOB. TradeView Forex now offers Chinese language for website and customer support service. Mayzus (ex-United World Capital) added Arabic to site and support languages. TeleTrade also added full support […]
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June 12013
Dollar Ends Week with Gains
The US dollar ended the week with gains as positive macroeconomic data supported expectations of an end to Federal Reserve’s quantitative easing. The gains were limited and the greenback fell versus the Japanese yen, though, as not all reports were good. The Michigan Sentiment Index rose from 76.4 in April to 84.5 in May, more than was expected. The Chicago Purchasing Managers’ Index jumped from 49.0 in April to 58.7 in May. Meanwhile, personal […]
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