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Day: October 25, 2014
October 252014
Dollar Ends Week Mixed
This week was mixed for the US dollar which rose against some major currencies, like the euro and the Japanese yen, but fell against commodity-linked currencies, including the Australian and the Canadian dollar. The week was relatively light on economic data, yet the greenback reacted virtually to every piece of data that came out from the United States. This resulted in very volatile trading as the currency was rising one day and was […]
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October 252014
Weekly Forex Technical Analysis (Oct 27 — Oct 31)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.2348 1.2481 1.2574 1.2707 1.2801 1.2933 1.3027 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.2471 1.2555 1.2697 1.2781 1.2924 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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October 252014
Pound Ends Friday with Gains
The Great Britain pound ended Friday with gains thanks to GDP report that was in line with analysts’ expectations and poor economic data from the United States. The currency still ended the week with losses versus the euro. Britain’s gross domestic product grew 0.7 percent in the third quarter of this year from the previous three months. While the expansion was slower than the second quarter’s 0.9 percent, it […]
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