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Day: August 27, 2016
August 272016
Weekly Forex Technical Analysis (Aug 29 — Sep 2)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0952 1.1066 1.1126 1.1240 1.1300 1.1415 1.1474 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1052 1.1099 1.1227 1.1273 1.1401 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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August 272016
Dollar Ends Week with Gains, Supported by Yellen
The US dollar ended the week with gains against most major currencies (but not versus the Great Britain pound). The reason for the good performance was the outlook for monetary tightening, supported by comments from Fed Chair Janet Yellen. For the whole week, traders were waiting for Yellen’s speech at the Jackson Hole Meeting, hoping that she might reveal timing for the next interest rate hike. In reality, she did not provide […]
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