Day: September 28, 2013

September 28
2013

Mixed Week for US Dollar amid Debt Ceiling Talks

This week was mixed for the dollar as US politicians were debating about the issue of the budget and the debt ceiling, increasing demand for safer currencies, including the greenback, but hurting the appeal of the US currency at the same time. The United States are nearing the limit of their debts and US politicians should agree to cut spending or raise the debt ceiling, otherwise it will lead to a government default. Such outcome could be potentially catastrophic […]

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September 28
2013

Forex Technical Analysis for Week 09/30–10/04

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3364 1.3413 1.3467 1.3515 1.3569 1.3618 1.3672 GBP/USD 1.5828 1.5891 1.6017 1.6080 1.6206 1.6269 1.6395 USD/JPY 96.50 97.29 97.76 98.56 99.02 99.82 100.28 EUR/JPY 130.30 131.46 132.14 133.29 133.97 135.13 135.81 GBP/JPY 155.59 156.46 157.51 158.38 159.43 […]

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September 28
2013

Aso Says No Tax Cuts, Yen Jumps

The Japanese yen rose Japan’s Finance Minister Taro Aso signaled that there will not be tax cuts, increasing demand for the currency as a safe haven. Good macroeconomic data helped the currency too. The finance chief said that he is not considering corporate tax cuts. Meanwhile, economists speculate that Prime Minister Shinzo Abe will announce a sales tax hike next week. Aso also […]

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September 28
2013

Pound Jumps as Carney Sees No Need for More Stimulus

The Great Britain pound surged after central bank Governor Mark Carney signaled that he sees no need for additional monetary stimulus as economic recovery gains momentum. Such comments were definitely positive for the currency, which was unable to outperform the Japanese yen though. The Bank of England leader said yesterday: My personal view is, given the recovery has strengthened and broadened, I don’t see a case for quantitative easing and I have […]

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