Day: November 16, 2013

November 16
2013

Britain’s Recovery Makes Pound Stronger

The Great Britain pound rose this week, reaching the highest level since August 2009 against the Japanese yen, on hopes that accelerating economic recovery will allow policy makers to raise interest rate earlier. The sterling started this week poorly and there were doubts that optimistic forecasts were right. Yet in the end optimism was warranted as the Bank of England inflation report revised already good projections positively. […]

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November 16
2013

Dollar Ends Trading Weak

The US dollar continued to demonstrate weakness, ending Friday with losses against most major currencies, as worse-than-expected macroeconomic data fueled the speculations that the Federal Reserve will refrain from stimulus tampering in the near future. Basically, all Friday’s reports were rather bad. US industrial production fell by 0.1 percent in October. Import and export prices declined. The Empire State Manufacturing Index sank from 1.5 in October to -2.2 […]

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November 16
2013

Forex Technical Analysis for Week 11/18–11/22

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3226 1.3285 1.3387 1.3446 1.3548 1.3607 1.3709 GBP/USD 1.5652 1.5753 1.5932 1.6033 1.6213 1.6313 1.6493 USD/JPY 97.76 98.34 99.27 99.85 100.78 101.36 102.29 EUR/JPY 130.11 131.15 133.17 134.21 136.22 137.26 139.28 GBP/JPY 155.41 156.68 159.07 160.35 162.74 […]

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