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Day: July 20, 2013
July 202013
Dollar After Bernanke’s Week
This week could be called Ben Bernanke’s week as attention of all Forex traders was focused on the testimony of the Federal Reserve Chairman. The dollar was rising ahead for the speech, but tumbled afterwards. Bernanke explained that policy makers will perform trimming of asset purchases when economic conditions warrant such a move and not at some predetermined date. At the same time, he thought it may well happen this […]
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July 202013
Forex Technical Analysis for Week 07/22â07/26
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2850 1.2921 1.3032 1.3104 1.3215 1.3286 1.3397 GBP/USD 1.4852 1.4939 1.5106 1.5193 1.5360 1.5447 1.5614 USD/JPY 97.22 98.05 99.20 100.03 101.17 102.00 103.14 EUR/JPY 127.40 128.38 130.12 131.10 132.85 133.83 135.57 GBP/JPY 147.09 148.36 150.80 152.07 154.52 […]
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July 202013
Pound Ends Week on Positive Note on Hopes for Sustainable Growth
The Great Britain pound ended this week on a positive note, gaining on Friday against all other major counterparts as hopes for sustainable growth increased the appeal of the currency, especially to those investors who seek a refuge from economic problems of the European Union. Analysts estimated ahead on the next week’s official report that the UK economy expanded 0.6 percent in the second quarter of 2013. The expansion in the first quarter was slower (0.3 percent). […]
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