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USD/JPY rises to six-month highs as safe haven demand fades

November 25, 2013 10:59 am
US dollar advanced to highs unseen in six months against the Japanese yen on Monday, as demand for safe haven assets, such as the yen, decreased after an agreement has been reached to set limits on Iranian nuclear program. USD/JPY climbed to a session high at 101.92 at 6:00 GMT, also the pairs highest point […] Read more

AUD/USD slides before RBA Lowe’s statement

November 25, 2013 7:59 am
Australian dollar slid against its US counterpart on Monday before Reserve Bank of Australias deputy governor Philip Lowe takes a statement in Sydney on Tuesday, as speculation mounted that the central bank will consider an intervention in order to ease the strength of the national currency. AUD/USD fell to a daily low at 0.9122 at […] Read more

Outlook for USD/JPY cross during the upcoming week

November 24, 2013 5:28 pm
US dollar climbed to a 4.5-month high against the Japanese yen on Friday, due to the prospect that Japanese central bank will introduce additional easing measures during 2014, which pressured demand for the yen. Having reached highs unseen since July 8th at 101.36 at 20:15 GMT, USD/JPY cross ended the week at 101.27, gaining 0.10% […] Read more

USD/CHF retreats during late US trade on Friday, nearing three-week lows

November 23, 2013 3:33 pm
US dollar traded in proximity to lows unseen in three weeks against the Swiss franc during the late phase of US session on Friday, as safe haven demand for the greenback was pressured, because investorsoptimism increased following the release of German business climate data earlier in the day. After having fallen to a session low […] Read more

USD/CAD preserves gains despite upbeat Canadian retail sales

November 22, 2013 2:45 pm
US dollar continued trading on positive territory against its Canadian counterpart on Friday, despite the unexpectedly sharp climb of Canadian retail sales in September, as the greenback was still supported by the positive set of data, released on Thursday. Having climbed to a daily high at 1.0569 at 10:35 GMT, the highest level since July […] Read more

Gold futures poised for largest weekly drop since September on QE outlook

November 22, 2013 1:06 pm
Gold futures traded close to lows unseen in four months on Friday, heading for their most significant weekly loss since September, as demand for the commodity has been pressured by renewed expectations that the Federal Reserve Bank may begin paring back its Quantitative Easing in the coming months. On the Comex division of the New […] Read more

EUR/USD hits daily highs as German business climate sharply improves

November 22, 2013 10:51 am
The euro advanced to daily highs against the US dollar on Friday, after a report by the Ifo research institute revealed that business climate in Germany suddenly improved in November, while additional support for the common currency was still provided by comments made by European Central Bank (ECB) President Mario Draghi. EUR/USD hit a session […] Read more