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Day: February 4, 2017
February 42017
Weekly Forex Technical Analysis (Feb 6 — Feb 10)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0448 1.0534 1.0656 1.0742 1.0865 1.0951 1.1073 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0543 1.0675 1.0752 1.0883 1.0960 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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February 42017
US Dollar Remains Soft, Outperforms Great Britain Pound
The US dollar remained weak during the past week but was not the weakest, outperforming the Great Britain pound that was even softer. The US currency remained under pressure from concerns about the ruling stile of the new US president and his decisions. The cautious tone of the Federal Reserve policy statement did nothing to increase optimism for the dollar. And to top it all off, US non-farm payrolls came out disappointing […]
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February 42017
US Dollar Remains Soft, Outperforms Great Britain Pound
The US dollar remained weak during the past week but was not the weakest, outperforming the Great Britain pound that was even softer. The US currency remained under pressure from concerns about the ruling stile of the new US president and his decisions. The cautious tone of the Federal Reserve policy statement did nothing to increase optimism for the dollar. And to top it all off, US non-farm payrolls came out disappointing […]
Read more
February 42017
CAD Erases Losses vs. USD, Rallies for Second Straight Week
The Canadian dollar was falling against its US counterpart on Friday but managed to erase its losses, closing near the opening level. What is more, CAD ended the week with gains versus USD. It was the second consecutive weekly gain and the fifth in six weeks. The main contributor to the loonie’s bounce was the underwhelming wage inflation data released from the United States as a part of the non-farm payrolls report. The rising […]
Read more
February 42017
CAD Erases Losses vs. USD, Rallies for Second Straight Week
The Canadian dollar was falling against its US counterpart on Friday but managed to erase its losses, closing near the opening level. What is more, CAD ended the week with gains versus USD. It was the second consecutive weekly gain and the fifth in six weeks. The main contributor to the loonie’s bounce was the underwhelming wage inflation data released from the United States as a part of the non-farm payrolls report. The rising […]
Read more