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Day: August 31, 2013
August 312013
Dollar Ends Week & Month with Gains
The US dollar rallied this week and ended the month with gains against the majority of its most-traded peers as speculations about potential quantitative easing tampering in September continued to push the currency up. As was expected, the dollar was unsure where to go at the start of the week and was unable to maintain rally. Yet it quickly found a reason to resume its advance: a potential war in Syria. Of course, positive domestic fundamentals also played […]
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August 312013
Forex Technical Analysis for Week 09/02â09/06
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2901 1.3037 1.3126 1.3262 1.3351 1.3487 1.3577 GBP/USD 1.5228 1.5327 1.5412 1.5511 1.5595 1.5695 1.5779 USD/JPY 95.02 95.92 97.04 97.94 99.06 99.96 101.09 EUR/JPY 125.58 127.43 128.58 130.44 131.59 133.45 134.60 GBP/JPY 146.88 148.67 150.39 152.17 153.90 […]
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August 312013
Canadian Dollar Ends Friday Higher vs. Euro Despite Falling GDP
The Canadian dollar rose against the euro and ended the last trading day of this week almost flat versus the US dollar and the Japanese yen even though Canadian economy shrank more than was predicted by experts. Canadian gross domestic product shrank 0.5 percent in the second quarter of 2013, more than was predicted (0.4 percent). GDP expanded 0.2 percent in the first quarter. The data suggested that it is […]
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