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Day: December 21, 2013
December 212013
Week of Tapering Was Not as Good for Dollar as One Might Expect
The major event on the Forex market this week was undoubtedly quantitative easing tapering by the Federal Reserve. The dollar rallied after the Fed announcement, but quite a few major currencies were surprisingly strong against the greenback even after the tapering. The US central bank decided to trim its monthly asset purchase by $10 billion. The decision was not completely unexpected, but traders were not unsure of timing and there were […]
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December 212013
Forex Technical Analysis for Week 12/23â12/27
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3414 1.3519 1.3600 1.3705 1.3786 1.3891 1.3972 GBP/USD 1.5948 1.6083 1.6212 1.6347 1.6476 1.6612 1.6740 USD/JPY 100.69 101.59 102.82 103.72 104.96 105.86 107.09 EUR/JPY 139.34 140.16 141.26 142.07 143.17 143.99 145.09 GBP/JPY 162.75 164.66 167.35 169.26 171.95 […]
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