EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0148 1.0335 1.0607 1.0794 1.1065 1.1252 1.1524 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0356 1.0649 1.0815 1.1107 1.1273 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
Read moreThe major event during the past trading week was the monetary policy decision of the European Central Bank. It overshadowed even the very important US non-farm payrolls, sending the euro higher. The shared 19-nation currency jumped more than 2 percent against its major peers over the week. The ECB was holding the policy meeting on Thursday, and it should have been detrimental to the euro as the vast majority of market analysts had […]
Read moreThe Canadian dollar fell against its US counterpart on Friday but was surprisingly robust against its other major peers like the euro and the Japanese yen. The currency demonstrated resilience despite negative fundamentals. Data released on Friday, showed that Canadian employment shrank in November much more than analysts had anticipated while the unemployment rate increased unexpectedly. Moreover, the trade balance deficit increased instead of falling as had […]
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