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Day: June 7, 2014
June 72014
ECB Acts, Euro Unfazed, Ending Week Resilient
This week had quite a few important events that have affected the Forex market. The most important of them were the meetings of various central bank and US non-farm payrolls. There were reasons to believe that the euro would fall over the week, but surprisingly enough the currency remained rather resilient. Last week was not bad for the euro, and this week was not much different. The shared 18-nation currency […]
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June 72014
Forex Technical Analysis for Week 06/09â06/13
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3365 1.3434 1.3538 1.3607 1.3712 1.3781 1.3886 GBP/USD 1.6573 1.6636 1.6720 1.6782 1.6866 1.6929 1.7013 USD/JPY 100.87 101.31 101.92 102.35 102.96 103.39 104.00 EUR/JPY 137.71 138.18 139.03 139.50 140.35 140.82 141.67 GBP/JPY 168.93 169.68 170.98 171.74 173.04 […]
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June 72014
Canadian Employment Data Leaves CAD Directionless
The Canadian dollar ended the session without strong moves in either direction as today’s employment report sent confusing signals to the market, giving no edge either to bulls or to bears. Canadian employment grew by 25,800 jobs in May after falling by 28,900 in the preceding month. This reading was in line with expectations of most market participants. The unemployment rate ticked up by 0.1 percentage point to 7.0 percent. And this was a surprise as specialists […]
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