Day: February 8, 2014

February 8
2014

Euro Mixed After Week of Policy Decisions

This week, the euro was strong against safer currencies, like the US dollar and the Japanese yen, and also against the Great Britain pound with help of the European Central Bank policy decision, but declined versus the Australian dollar, which was also supported by their central banks. Some market participants have expected that the ECB would ease its monetary policy further. Not only the central bank refrained […]

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February 8
2014

Forex Technical Analysis for Week 02/10–02/14

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3364 1.3421 1.3530 1.3586 1.3695 1.3752 1.3861 GBP/USD 1.6110 1.6181 1.6299 1.6370 1.6487 1.6558 1.6676 USD/JPY 99.33 100.04 101.15 101.86 102.97 103.69 104.80 EUR/JPY 133.99 135.11 137.29 138.41 140.59 141.71 143.89 GBP/JPY 160.75 162.32 165.09 166.66 169.43 […]

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February 8
2014

Forex Brokers Update — February 8th, 2014

Only minor updates this week: InstaForex adds Bitcoin to the list of supported deposit/withdrawal options. FXOpen goes two steps farther and offers Litecoin and Namecoin in addition to Bitcoin deposits. PFD no longer offers a Chinese version of its website. N2 Capital Markets was delisted as it is no longer operating. If you have any questions or comments regarding any of the latest Forex brokers updates, please feel […]

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February 8
2014

Canadian Employment Growth Exceeds Forecasts, Benefiting CAD

Canadian employment data was very good, better even than optimistic forecasts. It allowed that Canadian dollar to gain on its US counterpart and the Japanese yen, but the loonie was not able to outperform the euro. Canadian employers added 24,900 jobs in January, compared to the median specialists’ estimate of 19,700. The increase followed the December’s slump by 45,900. The unemployment rate fell by 0.2 percentage point to 7.0 percent, a bit more […]

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