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Day: August 5, 2017
August 52017
Weekly Forex Technical Analysis (Aug 7 — Aug 11)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1506 1.1615 1.1693 1.1802 1.1880 1.1989 1.2067 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1607 1.1678 1.1794 1.1865 1.1981 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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August 52017
Bank of England Makes Pound End Week Extremely Soft
While US nonfarm payrolls were arguably the most important economic release for the Forex market during the past trading week, the Bank of England policy meeting held special significance for the Great Britain pound. Traders were rather optimistic ahead of the BoE meeting, leading to a rally for the sterling. Yet the rally came to an abrupt end after the central bank demonstrated dovish stance and revised growth forecasts down. Friday’s nonfarm payrolls were […]
Read more
August 52017
Bank of England Makes Pound End Week Extremely Soft
While US nonfarm payrolls were arguably the most important economic release for the Forex market during the past trading week, the Bank of England policy meeting held special significance for the Great Britain pound. Traders were rather optimistic ahead of the BoE meeting, leading to a rally for the sterling. Yet the rally came to an abrupt end after the central bank demonstrated dovish stance and revised growth forecasts down. Friday’s nonfarm payrolls were […]
Read more