Day: December 6, 2014

December 6
2014

Euro Ends Week with Losses vs. Dollar, Mixed Against Other Currencies

The euro demonstrated big losses against the US dollar this week, falling to the lowest level in more than two years. The euro’s performance against other currencies was mixed: the shared 18-nation currency ended the week lower against the Great Britain pound, flat versus the Australian dollar while against the Japanese yen, the euro reached a new multi-year high. Last week, analysts were expecting resumption of decline for EUR/USD, but […]

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December 6
2014

Weekly Forex Technical Analysis (Dec 8 — Dec 12)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1966 1.2118 1.2201 1.2354 1.2437 1.2589 1.2672 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.2101 1.2167 1.2336 1.2402 1.2572 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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December 6
2014

Forex Brokers Update — December 6th, 2014

Added one new company to the list of Forex brokers this week: Fairbanks — an unregulated offshore ECN broker with MT4 and ActTrader platforms. The minimum account size is $1,000 with leverage limited at 1:100. Fairbanks Other changes to the list of brokers include: AForex, Alpari, FXOpen, Lionstone Investment Services, and RoboForex are now listed as regulated by The Financial Commission. IamFX no longer offers Russian, Chinese, Czech, Italian, and Slovenian […]

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December 6
2014

CAD Touches Lowest Since 2009 vs. USD, Gains vs. EUR & JPY

The Canadian employment report was not nearly as good as the US one. As a result, the Canadian dollar dropped against the US dollar, touching the lowest level since July 2009. Surprisingly enough, the loonie managed to log gains against such major currencies as the euro and the Japanese yen. Canadian employment shrank by 10,700 in November from October, according to the Statistics Canada, even though specialists expected growth. As a result, the unemployment rate inched up […]

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December 6
2014

Dollar Settles Higher After Impressive NFP

The US dollar jumped to settle higher against the majority of other most-traded currencies due to overwhelmingly positive non-farm payrolls. While most analysts were optimistic about US employment, even they could not anticipate such impressive growth. Non-farm payrolls demonstrated amazing growth by 321,000 in November, beating the optimistic consensus forecast of 231,000. On top of that, the previous month’s figure was revised positively from 214,000 to 243,000. Surprisingly […]

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