Day: October 5, 2013

October 5
2013

Week of US Government Shutdown, Not That Bad for Dollar

This week had a significant impact on the Forex market as the US government experienced a partial shutdown. The US dollar was falling because of this event, which overshadowed other news. Yet by the weekend the currency made a huge thrust to the upwards, trimming losses against some majors and even gaining against others. Many market participants were hoping that US politicians would come to a last-minute agreement before the deadline to avoid a shutdown. […]

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October 5
2013

Forex Technical Analysis for Week 10/07–10/11

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3301 1.3389 1.3470 1.3558 1.3639 1.3727 1.3808 GBP/USD 1.5697 1.5857 1.5938 1.6099 1.6179 1.6340 1.6421 USD/JPY 94.88 95.90 96.67 97.70 98.47 99.49 100.27 EUR/JPY 129.10 130.25 131.16 132.32 133.22 134.38 135.29 GBP/JPY 150.34 153.02 154.56 157.24 158.78 […]

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October 5
2013

Forex Brokers Update — October 5th, 2013

This one is a giant update for the last five weeks — six new brokers and numerous updates to companies: Price Markets — a straightforward Forex broker with a well-designed website and regulation in the United Kingdom. Minimum account is just $1, and MetaTrader 4 platform is supported: Price Markets Infinity Space Inc — an offshore (yet regulated) company with $10 minimum account size and a joke of a website. They also offer a proprietary […]

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October 5
2013

US Dollar Ends Week Mixed

The US dollar ended the week mixed, rising against some currencies and falling against others, as Forex traders were trying to assess the damage the partial US government shutdown will cause to the economy. There were different opinions regarding the impact of the budget standoff on the economy. Some analysts were saying that the shutdown will be short-lived and damage will be minimal, while others expect rather server losses to the economy. As a result […]

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October 5
2013

Pound Ends Week with Sharp Drop

The Great Britain pound slumped on Friday and slumped hard. There were not many fundamental reasons for such sharp drop and Forex market analysts were speculating that the currency has just overextended its rally. Some specialists were arguing that a violent correction should be expected after such long rally that the pound has demonstrated. Others pointed out that recent fundamental reports gave reasons […]

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