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Day: May 7, 2016
May 72016
Weekly Forex Technical Analysis (May 9 — May 13)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1089 1.1237 1.1319 1.1467 1.1549 1.1698 1.1780 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1221 1.1286 1.1451 1.1516 1.1681 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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May 72016
NFP Don’t Prevent US Dollar from Rising
The major event this week was the release of US non-farm payrolls. Yet it turned out to be not that impactful as it prevented the US dollar from logging weekly gains. Meanwhile, the Reserve Bank of Australia surprised markets, performing an unexpected interest rate cut. Non-farm payrolls showed a slower-than-expected increase of employment, weakening the dollar for a short while. Yet other parts of the report were decent, allowing the greenback to bounce […]
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