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AUD/USD off almost one-week highs after Australian jobs data

November 7, 2013 7:49 am
Australian dollar came off near a one-week high against its US counterpart on Thursday, as a report revealed that full-time employment in Australia decreased at the fastest pace in over a year in October. Having touched its highest point since October 29th at 0.9543, AUD/USD fell to a session low at 0.9466 at 1:00 GMT, […] Read more

USD/CAD falls to daily lows after upbeat Ivey PMI

November 6, 2013 4:04 pm
US dollar slid to session lows against its Canadian counterpart on Wednesday, as the Richard Ivey School of Business in cooperation with the Purchasing Management Association in Canada said that their PMI rose more than expected in October. USD/CAD fell to a session low at 1.0412 at 15:10 GMT, after which consolidation followed at 1.0417, […] Read more

GBP/USD reaches daily highs after better than forecast manufacturing output in UK

November 6, 2013 12:45 pm
British pound climbed to session highs against the US dollar on Wednesday, after manufacturing production in the United Kingdom expanded more than expected in September, another indication that nations recovery was indeed gaining momentum. GBP/USD reached a session high at 1.6118 at 9:35 GMT, also the pairs highest point since October 29th, after which consolidation […] Read more

EUR/USD remains higher after mixed services PMI data out of the Euro zone

November 6, 2013 10:24 am
The euro continued trading on positive territory against the US dollar on Wednesday, following the release of mixed data regarding activity in the services sector in Euro zones first four largest economies, while the European Central Bank (ECB) was seen by economists to abstain from reducing the benchmark interest rate at its policy meeting. Having […] Read more

NZD/USD rises to one-week highs after NZ employment data

November 6, 2013 8:10 am
New Zealand dollar climbed to levels unseen in more than one week against its US counterpart on Wednesday, after a report showed that employers in New Zealand hired more employees than projected during the third quarter of the year, which add to the case that nations central bank may raise its benchmark interest rate from […] Read more

USD/CAD hits session highs after ISM non-manufacturing data

November 5, 2013 3:43 pm
US dollar rose to session highs against its Canadian counterpart on Tuesday after the release of a report to show that activity in the sector of services in the United States increased at a faster than projected pace in October. USD/CAD reached a session high at 1.0453 at 15:07 GMT, after which consolidation followed at […] Read more

EUR/JPY falls to three-week lows on spurred safe haven demand

November 5, 2013 2:06 pm
The euro fell to its lowest point in three weeks against the Japanese yen on trading Tuesday, as safe haven demand for the yen was triggered amid speculation that the European Central Bank led by President Mario Draghi will introduce additional stimulus at its policy meeting on Thursday. EUR/JPY fell to a session low at […] Read more

GBP/USD soars to session highs as UK sector of services expands

November 5, 2013 12:47 pm
British pound climbed to session highs against the US dollar on Tuesday, as activity in the sector of services in the United Kingdom expanded at the fastest pace in 16 years in the month of October. GBP/USD rose to a session high at 1.6062 at 10:05 GMT, after which consolidation followed at 1.6053, gaining 0.53% […] Read more

EUR/USD preserves daily losses before ECB meeting, Draghi statement

November 5, 2013 9:50 am
The euro remained lower against the US dollar on trading Tuesday, as market players were cautious ahead of European Central Banks interest rate decision and President Mario Draghis statement on Thursday. EUR/USD slipped to a session low at 1.3482 at 8:55 GMT, after which consolidation followed at 1.3489, losing 0.20% for the day. Support was […] Read more