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Day: December 7, 2013
December 72013
Euro Stronger After Week of Policy Decisions
This week was fairly important for the euro as the European Central Bank held its monetary policy meeting over the week. Several other central banks made policy decisions too and US nonfarm payrolls were another important event during the week. As was expected, the ECB held rates steady and this brought the euro higher. Other major central banks, the Bank of England and the Bank of Canada, also did not change […]
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December 72013
Forex Technical Analysis for Week 12/09â12/13
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3400 1.3462 1.3582 1.3643 1.3763 1.3825 1.3945 GBP/USD 1.6125 1.6208 1.6275 1.6358 1.6425 1.6508 1.6575 USD/JPY 100.12 100.87 101.87 102.62 103.62 104.37 105.36 EUR/JPY 136.65 137.53 139.24 140.12 141.82 142.71 144.41 GBP/JPY 162.99 164.42 166.26 167.69 169.53 […]
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December 72013
Mexican Peso Gains as Interest Rates Remain Unchanged
The Mexican peso gained today after the central bank left interest rates unchanged after two consecutive cuts. The decision was driven by signs of economic recovery in Mexico. The Banco de Mexico left its benchmark interest rate at 3.5 percent. Mexico’s economy expanded 0.8 percent in the third quarter of 2013 after declining in the second quarter. Still, the central bank voiced concern that recovery is not certain in many […]
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