Day: August 24, 2013

August 24
2013

Another Volatile Week for US Dollar Ended

This week was poor in terms of macroeconomic news from the United States, but this did not prevent the US dollar from fluctuating, sometimes quite wildly. The minutes of the Federal Reserve policy meeting was the major event during the week. Forex traders were waiting for the Fed minutes, anticipating signs of stimulus tampering in September. The actual release attempted to downplay such expectations, but market participants remained convinced that […]

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August 24
2013

Forex Technical Analysis for Week 08/26–08/30

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3151 1.3224 1.3304 1.3377 1.3457 1.3531 1.3610 GBP/USD 1.5330 1.5434 1.5507 1.5611 1.5685 1.5789 1.5862 USD/JPY 95.09 96.00 97.33 98.24 99.57 100.48 101.81 EUR/JPY 126.96 128.12 130.09 131.25 133.22 134.38 136.35 GBP/JPY 149.14 150.43 152.08 153.37 155.01 […]

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August 24
2013

Euro Ends Friday with Gains

The euro ended Friday with gains with help of improving eurozone consumer sentiment and growing German economy. The positive data make an interest rate cut by the European Central Bank unlikely. The consumer confidence indicators improved both for the eurozone (to -15.6 form -17.4) and for the European Union (to -12.8 from -14.8) in August from July. German gross domestic product demonstrated 0.7 percent growth in the second quarter of 2013, which was confirmed […]

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