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Forex Technical Analysis for Week 05/20–05/24

ForexBlogger @ May 18, 2013 # Comments Off

Floor Pivot Points

Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res

EUR/USD
1.2507
1.2652
1.2739
1.2884
1.2971
1.3115
1.3203

GBP/USD
1.4859
1.5008
1.5086
1.5235
1.5313
1.5462
1.5540

USD/JPY
99.87
100.56
101.92
102.61
103.96
104.65…

More on page 11229

EUR/USD Trickles Down

ForexBlogger @ May 17, 2013 # Comments Off

EUR/USD slumped today after erasing its rally and closing flat yesterday. There was no particular big event to cause the slump, but there are enough reasons for the currency pair to go down. Rumors that the European C…

More on page 11227

EUR/USD Rallies Even as Eurozone CPI Slows

ForexBlogger @ May 16, 2013 # Comments Off

EUR/USD rallied today, erasing its earlier decline, even as eurozone annual inflation was down from 1.7% in March to 1.2% in April. (Event A on the chart.) Absence of inflation pressure should allow the Euro…

More on page 11216

EUR/USD Down on GDP Reports from Eurozone

ForexBlogger @ May 15, 2013 # Comments Off

EUR/USD declined today, extending yesterday’s drop, after the release of data about economic growth in the eurozone countries. France and Italy remained in recession, while the German economy barely managed to&#…

More on page 11214

EUR Gains on USD as Europe Wants to Spur Growth

ForexBlogger @ May 13, 2013 # Comments Off

EUR/USD gained today on signs that European leaders are going to find new ways to boost economic growth of the eurozone. Previously, the euro was falling against the dollar as the positive data from the&#160…

More on page 11205

Concern over How Markets and U.S. Economy Will Tolerate Fed Wind-Down of QE3

larrygreenberg @ May 13, 2013 # Comments Off

Equities and bonds are reacting adversely to a WSJ article on May 10, claiming that Fed officials are starting to plan for phased reductions in monthly asset purchases (i.e., the third round of quantitative easing) but still undecided about exact timin…

More on page 11206

Forex Technical Analysis for Week 05/13–05/17

ForexBlogger @ May 11, 2013 # Comments Off

Floor Pivot Points

Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res

EUR/USD
1.2621
1.2778
1.2881
1.3037
1.3140
1.3297
1.3400

GBP/USD
1.4965
1.5139
1.5248
1.5422
1.5532
1.5706
1.5816

USD/JPY
96.03
97.30
99.44
100.71
102.85
104.12&#…

More on page 11148

EUR/USD Retreats on Speculations ECB May Ease Policy Again

ForexBlogger @ May 9, 2013 # Comments Off

EUR/USD declined today, following yesterday’s rally, as European Central Bank policy makers told that the central bank has ability to ease the monetary policy further. At the same time, many economists believe that t…

More on page 11137

EUR/USD Climbs on Good Data from Germany

ForexBlogger @ May 8, 2013 # Comments Off

EUR/USD climbed today after the report showed that German industrial production unexpectedly expanded 1.2 percent in March. (Event A on the chart.) This week is poor on economic data from the United States, but a&#160…

More on page 11135

Forex Technical Analysis for Week 05/06–05/10

ForexBlogger @ May 4, 2013 # Comments Off

Floor Pivot Points

Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res

EUR/USD
1.2806
1.2919
1.3018
1.3130
1.3229
1.3341
1.3440

GBP/USD
1.5347
1.5406
1.5486
1.5545
1.5624
1.5684
1.5763

USD/JPY
95.33
96.16
97.59
98.43
99.86
100.69…

More on page 11124