An intro to the difference between foreign exchange spot and forward rates. For more questions, problem sets, and additional content please see: www.
Winner of 4Talent’s For 3 Minutes, GEW 2011.
Jordan Bond has had enough of the financial situation and is going to do something about it.
Presented by Jordan Bond
Directed & Filmed by Olivia Howie
Produced by Becky Hoose
Written by Tom Conrad & Daniel Cutts
Production Assistant & Additional Camera by Katie Collis
Edited by Caroline Hodge
EURUSD seems to recuperate further greater in the new week despite its lower close at the end of the week (see weekly chart). Support comes in at the 1.1200 where a fracture will aim at the 1.1150 level. A break under here will target the 1.1100 degree. Further down, support is located at the 1.1050. On the upside, resistance resides at 1.1400 level using a break through there opening the door for additional upside towards the 1.1450 degree. Further up, resistance comes in at the 1.1500 level where a breach will show the 1.1550 level. Overall, EURUSD continues to threaten additional downside pressure but with caution.