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Day: August 6, 2016
August 62016
Weekly Forex Technical Analysis (Aug 8 — Aug 12)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0822 1.0934 1.1010 1.1122 1.1198 1.1310 1.1386 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0925 1.0993 1.1113 1.1181 1.1301 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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August 62016
Pound Suffers Weekly Losses as BoE Implements QE
The Great Britain pound dropped during the past trading week as the Bank of England moved forward with monetary stimulus, introducing substantial easing measures in hopes to help Britain’s economy to weather the impact of the Brexit. The BoE made a move during the week, announcing stimulating measures. This was not unexpected by markets. What was unexpected is the amount of stimulus introduced by the central bank (a 25 basis point cut in Bank Rate to 0.25%; […]
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