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Day: December 14, 2013
December 142013
NZD Falls, Central Bank’s Outlook Trims Weekly Losses
The New Zealand dollar ended this week with losses as traders shunned riskier currencies ahead of the next week’s Federal Reserve monetary policy meeting. The decline was limited as the central bank of New Zealand itself considers raising interest rates in the future. The Fed will announce its decision on December 18. Market participants were speculating that moderate withdrawal of stimulus is possible. Such talks hurt the appeal of assets […]
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December 142013
Forex Technical Analysis for Week 12/16â12/20
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3566 1.3630 1.3683 1.3746 1.3799 1.3863 1.3915 GBP/USD 1.6013 1.6137 1.6216 1.6341 1.6420 1.6544 1.6623 USD/JPY 100.56 101.37 102.29 103.11 104.03 104.84 105.77 EUR/JPY 138.94 139.92 140.85 141.83 142.76 143.74 144.67 GBP/JPY 164.61 166.07 167.13 168.59 169.66 […]
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December 142013
BoE Does Not Plan Raising Interest Rate Soon, GBP Down
The Great Britain pound ended Friday with losses as UK policy makers demonstrated willingness to postpone an interest rate hike until economic recovery becomes resilient. Spencer Dale, Executive Director and chief economist of the Bank of England, said: We will tighten policy only when we are well along the road to recovery. Yes: interest rates will rise at some point. But only against a far stronger economic […]
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