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Day: August 17, 2013
August 172013
Turbulent Week for US Dollar Behind
The US dollar experienced a turbulent week, rising in the first half of the week, but sharply dropping in the second as Forex traders were attempting to guess what steps the Federal Reserve will take next month. Market participants were speculating whether the Fed is going to tamper its asset purchases in September. At first positive data supported the case for stimulus reduction. Yet a bunch of negative reports was released later, resulting in a sharp […]
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August 172013
Forex Technical Analysis for Week 08/19â08/23
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3058 1.3132 1.3232 1.3306 1.3406 1.3480 1.3580 GBP/USD 1.5246 1.5334 1.5480 1.5568 1.5714 1.5802 1.5948 USD/JPY 93.38 94.65 96.09 97.35 98.79 100.06 101.50 EUR/JPY 125.67 126.81 128.42 129.57 131.18 132.32 133.93 GBP/JPY 145.37 147.10 149.75 151.48 154.13 […]
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