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Forex Market: AUD/JPY loses ground on increased safe haven demand

March 18, 2014 9:25 am
Australian dollar fell from session highs against the Japanese yen on trading Tuesday, as Russian President Vladimir Putins support of Crimeas request to join the Russian Federation triggered demand for safe haven assets, such as the yen. Having touched a daily high at 92.81 at 0:31 GMT, AUD/JPY lost 0.45% to trade at 92.06 at […] Read more

Forex Market: EUR/USD hits session highs, following EZ, US reports

March 17, 2014 3:02 pm
The euro reached daily highs against the US dollar, as investors mulled economic data that came out of the Euro zone and the United States, while US President Barack Obama imposed sanctions on 7 top Russian government officials after the vote in the Crimean peninsula. EUR/USD climbed to a session high at 1.3948 at 14:10 […] Read more

Forex Market: EUR/GBP trades slightly up despite EZ inflation report

March 17, 2014 12:27 pm
The euro was gaining ground against the British pound on trading Monday, despite the annualized harmonized index of consumer prices (HICP) in the Euro zone came in below forecasts during February. EUR/GBP touched a session high at 0.8368 at 12:20 GMT, after which consolidation followed at 0.8364, gaining 0.09% for the day. Support was likely […] Read more

Forex Market: AUD/JPY gains after Crimean vote, Westpac downward revised forecast

March 17, 2014 9:57 am
Australian dollar surged against the Japanese yen on trading Monday, after the vote in the Crimean peninsula and while Westpac Banking Corp. reduced its forecast that the Reserve Bank of Australia (RBA) may cut borrowing costs further this year. AUD/JPY touched a session high at 92.44 at 9:05 GMT, after which consolidation followed at 92.34, […] Read more