Day: August 11, 2018

August 11
2018

US Dollar Ends Week Strong on Back of Turkish Crisis

The US dollar was strong during the past trading week thanks to risk aversion caused by the crisis in Turkey, though that same factor made other safe currencies compete with the greenback, and the Japanese yen emerged as a winner. The Turkish lira remained in a free fall as US sanctions against Turkey and hyperinflation made the currency unattractive to investors. While Turkey is not a world’s major economy, exposure of European banks to Turkish assets […]

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August 11
2018

Weekly Forex Technical Analysis (Aug 13 — Aug 17)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1083 1.1236 1.1323 1.1476 1.1563 1.1716 1.1803 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1219 1.1291 1.1459 1.1531 1.1699 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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