Day: September 17, 2016

September 17
2016

EUR/USD Ends Trading Sharply Lower

EUR/USD ended trading far below the opening level. While the majority of traders do not believe in an interest rate hike from the Federal Reserve next week, they still bet on a rate increase later this year. Such view strengthened after the better-than-expected inflation report released on Friday, boosting the dollar against its rivals. CPI rose 0.2% in August, exceeding the median forecast of 0.1%. The index was unchanged in July. […]

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September 17
2016

Weekly Forex Technical Analysis (Sep 19 — Sep 23)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0973 1.1061 1.1107 1.1195 1.1241 1.1329 1.1376 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1051 1.1086 1.1185 1.1221 1.1319 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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September 17
2016

Swiss Franc Joins Dollar & Yen in Rally

Risk aversions was the theme of talks during the past trading week. Unsurprisingly, this helped currencies considered to be a safer option, like the Swiss franc, which was the third strongest on the Forex market following the US dollar and the Japanese yen. The franc rallied even though domestic fundamentals were not supportive to the currency, with the Swiss National Bank continuing to make attempts to weaken the franc. Meanwhile, the dollar continued to get support […]

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