Day: June 13, 2015

June 13
2015

US Dollar Demonstrates Softness Ahead of Important Week

The US dollar showed rather weak performance during the past trading week even as economic fundamentals should have been supportive for the currency. Now traders wait for the next week that may determine the future of the currency in the near term. The dollar started trading on a weak footing and had problems to rally afterwards. While the currency attempted to go up on Thursday, the greenback quickly halted its advance on Friday as speculations that Greece may […]

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June 13
2015

Weekly Forex Technical Analysis (Jun 15 — Jun 19)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0800 1.0942 1.1102 1.1244 1.1404 1.1546 1.1706 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0947 1.1111 1.1248 1.1413 1.1550 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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June 13
2015

Forex Brokers Update — June 13th, 2015

No new brokers this time, but some of the companies have been updated during the week: FXOpen now offers oil and natural gas CFD trading in some of its account types. AvaTrade added Hungarian version of its website and launched support service in this language. WesternFX added offices in Canada and Bangladesh. Is now regulated by FSA (St. Vincent & the Grenadines). Replaced Premium account types with Classic […]

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June 13
2015

Detrimental Fundamentals Don’t Deter Pound from Rising

Lately, macroeconomic fundamentals were detrimental to the Great Britain pound, but that did not prevent the currency from ending Friday with gains. In fact, the sterling reached the highest level since September 2008 against the Japanese yen. UK construction output unexpectedly decreased by 0.8 percent in April from March following the drop by 1.4 percent during the previous reporting period. The House Price Balance reported by the Royal Institution of Chartered […]

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June 13
2015

Aussie Falls After Thursday’s Gains

The Australian dollar ended Friday lower, though the currency trimmed its losses by the end of trading. The currency rallied a day before due to the very positive domestic data. On Thursday, the Australian Bureau of Statistics reported that employment grew by 42,000 in Australia last month. The actual figure was far bigger than the 12,100 increase predicted by analysts. Moreover, the unemployment rate demonstrated a surprise drop by 0.2 percentage point to 6 percent. The data […]

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June 13
2015

NZ Dollar Ends Week with Significant Losses as RBNZ Cuts Rate

The New Zealand ended the week with huge losses, mostly due the unexpected decision of the Reserve Bank of New Zealand to perform monetary easing on Thursday. The currency reached the lowest level since February against the Japanese yen and the lowest in five years versus the US dollar. The RBNZ announced on Thursday that it is going to cut the main interest rate by 25 basis points to 3.25 percent. While a cut itself was not […]

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