Day: November 23, 2013

November 23
2013

Dollar Shows Mixed Weekly Performance

The US dollar rallied against the Japanese yen and commodity currencies this week, but was unable to beat the euro and the Great Britain pound. Speculations about quantitative easing tampering in December (Dectaper) were helping the currency. The Federal Reserve minutes came out less dovish than was expected, helping the greenback to gain. At the same time, plenty of negative macroeconomic reports were released, making the US currency less appealing to investors. […]

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November 23
2013

Forex Technical Analysis for Week 11/25–11/29

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3261 1.3330 1.3439 1.3508 1.3617 1.3686 1.3795 GBP/USD 1.5951 1.6005 1.6111 1.6164 1.6270 1.6324 1.6430 USD/JPY 98.35 98.96 100.14 100.74 101.92 102.52 103.70 EUR/JPY 131.93 133.01 135.14 136.23 138.36 139.44 141.57 GBP/JPY 157.76 159.08 161.70 163.01 165.63 […]

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November 23
2013

Euro Rises, Closes at Highest Since October 2009 vs. Yen

The euro rose on the last trading session of the week as German business climate improved and the German economy grew, leading to hopes about economic recovery in the rest of the eurozone. The Ifo Business Climate Index for industry and trade in Germany rose from 107.4 in October to 109.3 this month. Just a small increase to 107.9 was predicted by analysts. Seasonally adjusted gross domestic product expanded 0.3 percent in the third quarter of 2013. It was in line […]

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November 23
2013

Canadian Dollar Drops, Attempts to Hold Ground

The Canadian dollar fell yesterday’s as the inflation figure disappointed traders with long positions on the currency. By the end of the trading session, the loonie erased most of the losses versus the greenback and rose against the yen. The seasonally adjusted Consumer Price Index fell 0.1 percent in October from September. Not everything was bad, though, as the core CPI was unchanged. Moreover, retail sales jumped 1.0 percent in December. This is more than […]

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