Day: September 14, 2013

September 14
2013

Week Ahead of Fed Meeting: Dollar Soft

This trading week was not good for the US dollar even as traders continued to speculate about possible quantitative easing tampering at the next week’s Federal Reserve policy meeting. The currency ended the week mostly lower against other majors. Chances for a war in Syria were falling, reducing demand for the dollar as a safe investment. The unexpected drop of jobless claims revived the US currency even though it was attributed to statistical error. […]

Read more
September 14
2013

Forex Technical Analysis for Week 09/16–09/20

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3038 1.3100 1.3201 1.3262 1.3364 1.3425 1.3526 GBP/USD 1.5422 1.5517 1.5695 1.5790 1.5968 1.6063 1.6241 USD/JPY 97.03 98.02 98.63 99.61 100.22 101.21 101.82 EUR/JPY 128.47 129.72 130.86 132.11 133.25 134.50 135.64 GBP/JPY 152.78 154.14 155.82 157.18 158.86 […]

Read more
September 14
2013

Sweden Krona Falls with Shrinking GDP

The Sweden krona fell after the official data showed that the nation’s economy contracted last quarter, making investors less interested in Sweden assets. Statistic Sweden reported that gross domestic product shrank 0.2 percent in the second quarter of 2013 from the first quarter on a seasonally adjusted basis. Year-on-year, the economy expanded 0.1 percent, far slower than analysts have predicted — 0.6 percent. The data was obviously bad […]

Read more