October 3, 2013 8:54 am
The euro traded in proximity to its highest point in eight months against the US dollar on Thursday, due to developments regarding political situation in Italy and as US government shutdown continued, raising concerns that it could lead to economic growth slow down and urge the Federal Reserve Bank to maintain the pace of its […]
Read moreOctober 3, 2013 6:51 am
Australian dollar was on frail positive territory against its US peer on Thursday, following the release of non-manufacturing activity report out of China. AUD/USD rose to a session high at 0.9402 at 2:00 GMT, after which consolidation followed at 0.9391, gaining 0.04% for the day. Support was likely to be received at September 30th low, […]
Read moreOctober 2, 2013 2:32 pm
The euro gained ground sharply against the US dollar on Wednesday, after Italian premier Enrico Letta survived the vote of confidence, European Central Bank maintained its benchmark rate at its policy meeting, while additional support for the common currency came after comments made by the ECB President Mario Draghi. The greenback, on the other hand, […]
Read moreOctober 2, 2013 1:29 pm
US dollar plunged to the lowest point in five weeks against the Japanese yen on Wednesday, after a report by ADP showed that US private sector added fewer than projected job positions in September, as this raised concerns over the pace of economic recovery. USD/JPY slid to a session low at 97.22 at 12:26 GMT, […]
Read moreOctober 2, 2013 9:38 am
British pound traded steadily in proximity to nine-month highs against the US dollar on Wednesday, following the release of construction PMI data out of the United Kingdom, which showed a certain slow down in activity. GBP/USD reached a session high at 1.6215 at 8:59 GMT, after which consolidation followed at 1.6201. Support was to be […]
Read moreOctober 2, 2013 9:04 am
New Zealand dollar lost ground sharply against the greenback on Wednesday, reaching the lowest point in two-weeks, as risk appetite was dampened because of the uncertain effect upon global economy by the US government shutdown. NZD/USD fell to a session low at 0.8194 at 2:30 GMT, also the pairs lowest point since September 17th, after […]
Read moreOctober 2, 2013 8:20 am
The euro traded steadily against the US dollar on Wednesday, as US budget concerns continued, but the greenback seemed to be still supported after the strong manufacturing data, released by the ISM yesterday. EUR/USD fell to a session low at 1.3507 at 1:50 GMT, after which consolidation followed at 1.3520, decreasing 0.04% for the day. […]
Read moreOctober 2, 2013 7:17 am
Australian dollar lost ground against its US counterpart on Wednesday, following the release of Australian trade balance and building approvals reports. AUD/USD fell to a session low at 0.9352 at 6:13 GMT, after which consolidation followed at 0.9358, losing 0.45% for the day. Support was likely to be received at September 30th low, 0.9281, while […]
Read moreOctober 1, 2013 2:51 pm
US dollar rose to a session high against its Canadian peer on Tuesday, following the release of upbeat manufacturing data out of the United States. USD/CAD reached 1.0325 at 14:25 GMT, currently the highest point for Tuesday trade. Support was likely to be received at September 24th low, 1.0267, while resistance was to be met […]
Read moreOctober 1, 2013 1:03 pm
The euro came off earlier highs against the US dollar on Tuesday, as German unemployment report disappointed market expectations and boosted concerns that economic activity might have reached its peak in the mid-summer period. Having touched a session high at 1.3587 at 6:50 GMT, EUR/USD cross fell to 1.3534 at 11:10 GMT. Support was likely […]
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