Day: January 25, 2014

January 25
2014

CAD Reaches Record Multi-Year Lows During the Week

The Canadian dollar slid this week as the Bank of Canada left its hawkish stance and may even lower interest rates. Wide-spread risk aversion on the Forex market added to the losses of the currency. The loonie was falling ahead of the BoC meeting and continued to decline afterwards. The central bank was much more pessimistic compared to the previous statements and hinted at possibility of additional monetary stimulus. The market sentiment turned to the risk-off by the end of the week, hurting the Canadian […]

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January 25
2014

Forex Technical Analysis for Week 01/27–01/31

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3310 1.3408 1.3542 1.3640 1.3773 1.3872 1.4005 GBP/USD 1.6101 1.6248 1.6374 1.6521 1.6646 1.6793 1.6919 USD/JPY 98.37 100.18 101.21 103.02 104.05 105.86 106.89 EUR/JPY 136.26 138.00 138.91 140.66 141.57 143.31 144.22 GBP/JPY 161.89 165.22 166.96 170.30 172.04 […]

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January 25
2014

Fear on FX Market Helps Yen to Become Top Performer

Risk aversion is intensifying on the Forex market, making the Japanese yen one of the best performing currencies. It was a real surprise, considering how weak was the currency last year. The yen was falling in 2013 as policy makers preferred to keep the currency weak and it was expected that the weakness would persist after the Bank of Japan kept excessive stimulus in place this month. Yet the trading environment has completely […]

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