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Day: December 23, 2017
December 232017
Weekly Forex Technical Analysis (Dec 25 — Dec 29)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1602 1.1670 1.1766 1.1834 1.1931 1.1998 1.2095 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1677 1.1781 1.1841 1.1945 1.2006 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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December 232017
US Dollar Ends Week Vulnerable Even as US Congress Passes Tax Reform Bill
The US dollar ended the week soft versus the majority of its most-traded rivals even though the US Congress passed the long-awaited tax reform bill. The Congress passed the bill on Wednesday after a procedural hiccup in the House on Tuesday. Yet the greenback did not welcome the news, perhaps because economists criticized the final version of the bill for being extremely beneficial to the rich, while having few benefits to the middle-class, meaning that the positive impact of the reform […]
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