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Day: October 4, 2014
October 42014
Euro Falls for 12th Week
It was another poor trading week for the euro, which fell for the 12th straight week and reached a new multi-year low against the US dollar. While the European Central Bank policy announcement provided moderate support for the shared 18-nation currency, employment data from the United States did not allow the euro to hold onto gains. The European Central Bank stayed put, preferring not to ease its monetary policy further. […]
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October 42014
Weekly Forex Technical Analysis (Oct 6 — Oct 10)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.2224 1.2362 1.2438 1.2577 1.2653 1.2791 1.2867 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.2347 1.2407 1.2561 1.2622 1.2775 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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October 42014
CAD Ends Friday with Losses vs. USD, Gains vs. GBP & JPY
The Canadian dollar ended Friday with losses against its US peer due to overwhelmingly positive employment report from the United States. At the same time, the poor trade balance data from Canada itself did not prevent the currency from rallying against the euro and the Japanese yen. Statistics Canada reported that Canada’s trade balance went from the surplus of C$2.2 billion in July to the deficit of C$610 million in August. Analysts […]
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