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Outlook for USD/CHF during the upcoming week

January 12, 2014 11:18 am
US dollar retreated against the Swiss franc on Friday, after an official report revealed that US non-farm payrolls disappointed in December, raising concerns the Federal Reserve Bank may need to reconsider the pace of scaling back its monthly monetary stimulus. Having touched a session low at 0.9006 at 15:00 GMT, also the lowest point since […] Read more

AUD/USD hits one-month highs as US non-farm payrolls disappoint

January 11, 2014 2:03 pm
Australian dollar rose to highs unseen in one month against its US counterpart during late US session on Friday, after the keenly anticipated non-farm payrolls report introduced disappointment, which may urge the Federal Reserve Bank to reconsider the pace of scaling back its monetary stimulus. AUD/USD advanced to a session high at 0.9005 at 20:35 […] Read more

AUD/USD little changed, poised for a weekly drop

January 10, 2014 7:53 am
Australian dollar traded little changed and was set for a weekly drop against its US counterpart on Friday ahead of the release of US non-farm payrolls report, which may urge the Federal Reserve Bank to continue tapering its monetary stimulus. AUD/USD reached a daily low at 0.8876 at 1:05 GMT, after which consolidation followed at […] Read more

AUD/USD retreats on Fed taper outlook

January 9, 2014 8:02 am
Australian dollar traded lower against its US counterpart on Thursday on speculation that US non-farm payrolls report on Friday may urge the Federal Reserve Bank to continue scaling back its monetary stimulus. AUD/USD touched a session low at 0.8866 at 2:10 GMT, after which consolidation followed at 0.8878, falling 0.25% for the day. Support was […] Read more

AUD/USD trades slightly lower ahead of Fed minutes

January 8, 2014 8:15 am
Australian dollar traded lower against its US rival on Wednesday amid speculation that the Federal Reserve Bank may proceed with its plans to taper stimulus, as markets awaited the release of the minutes of Feds most recent policy meeting. AUD/USD touched a daily low at 0.8902 during the early phase of Asian trade, after which […] Read more

AUD/USD retreats despite Australian trade deficit narrows more than expected

January 7, 2014 7:55 am
Australian dollar traded lower against its US counterpart on Tuesday, as a technical indicator signaled a reversal and despite that Australian trade balance produced a lesser than projected deficit in November. AUD/USD reached a daily low at 0.8912 at 5:05 GMT, after which consolidation followed at 0.8924, falling 0.49% for the day. Support was likely […] Read more

Outlook for USD/CHF during the upcoming week

January 5, 2014 9:16 am
US dollar traded higher against the Swiss franc on Friday, after recent optimistic data out of the United States boosted speculation that the Federal Reserve Bank may taper further. USD/CHF touched a session high at 0.9058 at 20:45 GMT, also the pairs highest point since December 4th, after which the cross closed at 0.9052 on […] Read more

USD/CAD loses ground during late US trade on Friday

January 4, 2014 8:39 am
US dollar weakened against its Canadian counterpart during the late phase of US trade on Friday amid bets that prices of raw materials have plunged to a low. USD/CAD reached a session low at 1.0602 at 13:15 GMT, after which the pair closed at 1.0636 on Friday, losing 0.31% for the day. Support was likely […] Read more

AUD/USD recovers from recent drop on bets losses are excessive

January 3, 2014 8:03 am
Australian dollar traded higher against its US rival on Friday and was poised for the most considerable weekly advance in two months on bets that its recent drop might have been excessive. AUD/USD climbed to a session high at 0.8993 at 5:05 GMT, also the pairs highest point since December 12th, after which consolidation followed […] Read more