Day: June 28, 2014

June 28
2014

Terrible US Economic Data Leads to Another Weekly Drop of USD

The US dollar continued to experience weakness, demonstrating the second consecutive weekly drop versus the euro and the fourth against the Great Britain pound and the New Zealand dollar. The major reason for this weekly decline was poor economic data from the United States. There were several worse-than-expected macroeconomic reports over the week, but most important of them was the revision of gross domestic product that demonstrated a huge contraction by 2.9 percent […]

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June 28
2014

Forex Technical Analysis for Week 06/30–07/04

Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3520 1.3547 1.3597 1.3624 1.3674 1.3701 1.3752 GBP/USD 1.6878 1.6915 1.6977 1.7014 1.7076 1.7113 1.7175 USD/JPY 100.24 100.78 101.09 101.63 101.94 102.48 102.80 EUR/JPY 136.90 137.41 137.90 138.41 138.91 139.42 139.91 GBP/JPY 170.86 171.66 172.23 173.02 173.59 […]

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