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US Business Inventories rose in line with projections, Import Prices continued to slip

June 13, 2013 2:49 pm
Business Inventories in the United States registered a 0.3% increase during April to reach the seasonally adjusted 1.66 trillion USD. Preliminary estimates showed the exact figure. On the other hand, Retail Sales increased by a mere 0.1% during the same month. As a result, Inventories/Shipments ratio, which tracks the operational cycle of business, or how […] Read more

US dollar almost unchanged after economic data from the United States

June 13, 2013 1:22 pm
US dollar remained almost unchanged close to 10-week low against the Japanese yen on Thursday as markets reflected the series of data from the United States. During late European trade, the greenback was trading close to its lowest level since April 4th versus the yen, with USD/JPY erasing 1.81% to hit 94.24. The Department of […] Read more

Swiss franc stable against the US dollar

June 13, 2013 12:10 pm
On Thursday the Swiss franc traded steadily against the US dollar ahead of crucial US data, but gains were capped as uncertainty over the Federal Reserve Banks asset purchases grew, pressuring demand for the dollar. USD/CHF fell to 0.9129 during European morning trade, lowest value since February 7th, after which consolidation followed at 0.9210. Support […] Read more

British pound stable close to 4-month high versus the US dollar

June 13, 2013 9:27 am
The sterling traded steadily near four-month high against the US dollar on Thursday, as uncertainty over the future of central bank stimulus programs caused greenbacks decline on a wide scale. GBP/USD hit 1.5703 during European morning trade, highest value since February 11th, after which consolidation followed at 1.5662. The pair was down by a mere […] Read more

US dollar crumbled to 2.5-month lows versus the Japanese yen

June 13, 2013 8:06 am
On Thursday the US dollar declined to two-and-a-half month low against the Japanese yen, as wide-spread risk aversion appeared and safe haven in yen was bolstered. Minutes ago, USD/JPY hit the session low at 93.77, the lowest value since April 4th, after which consolidation followed at 94.00. The cross was more than 2% down for […] Read more

Euro on four-month high against the US dollar

June 13, 2013 7:54 am
On Thursday the euro advanced to four-month highs versus the US dollar, as the greenbacks weakness against the Japanese yen caused dollars decline versus other major peers. EUR/USD hit a session high at 1.3391 during the later hours of Asian trade, highest value since February 20th, after which consolidation followed at 1.3355. Support was expected […] Read more

Aussie kept falling despite good employment data

June 13, 2013 6:52 am
On Thursday Australian dollar continued to carve its way down against the US dollar despite the decent employment data from Australia. AUD/USD pair fell to a session low at 0.9428 during Asian trade, after which consolidation followed at 0.9461. The cross was down by 0.25% for the day. Support was expected at Tuesdays low, 0.9326, […] Read more

NZD/USD lower after RBNZ decision

June 13, 2013 6:23 am
New Zealand dollar continued its slide against its US counterpart on Thursday after Reserve Bank of New Zealand introduced no change in the base interest rate. NZD/USD pair slid to a session low at 0.7894 during Asian trade, after which consolidation followed at 0.7910. Support was expected at June 10th low, 0.7836, while resistance was […] Read more

USD/CAD at one-month low

June 12, 2013 2:30 pm
US dollar tumbled to one-month low against its Canadian counterpart on Wednesday, as market sentiment recovered. Today was the fifth day in a row of gains for the Canadian currency, the longest streak since April. On Tuesday USD/CAD pair was largely sold off after concerns about central banks plans for easing policy. USD/CAD fell to […] Read more

US dollar pushed up against the Swiss franc on ongoing FED speculation

June 12, 2013 12:53 pm
US dollar advanced gradually against the Swiss franc on Wednesday, as speculation whether the Federal Reserve Bank will begin to taper asset purchases later this year continued being in markets focus. USD/CHF reached 0.9289 during the later hours of European trade, currently the session high, after which consolidation followed at 0.9278. The cross was up […] Read more