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Day: June 22, 2013
June 222013
Amazingly Good Week for Dollar
The US dollar had amazingly good week as the signs of an end to Federal Reserve’s quantitative easing helped the currency to soar, outperforming all other most-traded currencies. The Fed’s policy announcement overshadowed all other events of the week. It rocked the Forex market and made stocks, bonds and commodities crash. Some analysts thought that the reaction was excessive, but it did not change the fact that most market participants believed […]
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June 222013
Forex Technical Analysis for Week 06/24â06/28
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2692 1.2895 1.3009 1.3212 1.3326 1.3529 1.3642 GBP/USD 1.4892 1.5129 1.5275 1.5513 1.5658 1.5896 1.6042 USD/JPY 90.93 92.50 95.13 96.71 99.34 100.91 103.54 EUR/JPY 121.66 123.63 125.96 127.92 130.25 132.22 134.55 GBP/JPY 144.35 146.09 148.42 150.16 152.50 […]
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June 222013
JPY Closes Almost Flat vs. EUR & GBP, Loses to USD
The Japanese yen closed little changed versus the euro and the Great Britain pound at the last session of this trading week, but lost to the US dollar. The Forex market is still trying to digest this week’s announcement of the Federal Reserve. There is immense volatility on the market and the traders’ desire to risk is rather limited. Usually, such conditions are perfect for the yen, yet the currency was falling for the whole week and only on the last […]
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