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Day: October 1, 2016
October 12016
Weekly Forex Technical Analysis (Oct 3 — Oct 7)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1043 1.1098 1.1169 1.1224 1.1295 1.1350 1.1420 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1102 1.1177 1.1228 1.1303 1.1354 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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October 12016
Canadian Dollar Ends Week Higher Against Most Rivals
The Canadian dollar gained against its most-traded rivals over the week with the help of crude oil rally caused by the surprise announcement from the Organization of Petroleum Exporting Countries. The OPEC made an announcement that it is going to cut its oil production in order to support prices that remain under pressure from concerns about oversupply. The announcement surprised traders as they were not expecting from the members of the organization to come […]
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October 12016
Canadian Dollar Ends Trading Higher on Strong GDP
The Canadian dollar rose against some of its most-trading peers on Friday but gains against the US dollar were limited while against the euro the loonie ended the session flat. The main reason for the currency’s rally was the strong GDP report. Canada’s gross domestic product rose 0.5% in July after increasing 0.6% in June. That is compared to the median forecast of a 0.3% increase. The Industrial Product Price Index fell 0.5% […]
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