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Day: January 30, 2016
January 302016
Weekly Forex Technical Analysis (Feb 1 — Feb 5)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0578 1.0683 1.0757 1.0862 1.0935 1.1041 1.1114 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0675 1.0741 1.0854 1.0919 1.1033 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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January 302016
Bank of Japan Responsible for Weekly Losses of Yen
The past trading week was marked with several policy meetings of major central banks. The most interesting of them turned out to be the Bank of Japan meeting that resulted in a surprise cut of the interest rates into negative territory. As one can expect, this resulted in a slump of the Japanese yen. Not many market participants had expected Japan’s central bank to reduce rates, thinking that it would rather tweak […]
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