Day: September 29, 2018

September 29
2018

US Dollar Ends Week Strong After Fed Interest Rate Hike

The US dollar ended the trading week strong thanks to the hawkish policy statement of the Federal Reserve. But the strongest currency was the Canadian dollar due to the better-than expected economic growth. The euro was weak, dragged down by the Italian budget. The Fed raised its main interest rates by 25 basis points to 2%-2.25% as was largely expected. While initially the market could not decide how to interpret the policy statement, leading to volatile […]

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September 29
2018

Weekly Forex Technical Analysis (Oct 1 — Oct 5)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1264 1.1417 1.1509 1.1662 1.1755 1.1908 1.2000 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1402 1.1479 1.1647 1.1725 1.1893 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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