Day: August 10, 2019

August 10
2019

NZ Dollar Weakest During Week of Interest Rate Cuts

The New Zealand dollar ended the week as the weakest among most-traded currencies. The major reason for the poor performance was a larger-than-expected interest rate cut by New Zealand’s central bank, but risk aversion also played a significant part. The Reserve Bank of New Zealand surprised markets by cutting its main interest rate by 50 basis points instead of the expected 25 points. Furthermore, RBNZ policymakers signaled that additional cuts are […]

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August 10
2019

Weekly Forex Technical Analysis (Aug 12 — Aug 16, 2019)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0972 1.1037 1.1119 1.1184 1.1265 1.1331 1.1412 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1041 1.1126 1.1188 1.1273 1.1335 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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