US Dollar is being traded near four and half year highs against Yen in expectation of the US data

May 15, 2013 7:39 am
During the trading session today USD/JPY cross rose to 4 and half year high, as investors lie in wait for the crucial data from United States, regarding Producer Price Index, Core Producer Price Index, Industrial Production and Treasury International Capital Flows, due to come out today. Alongside these expectations, speculations have appeared about Federal Reserve […] Read more

EUR/USD pair fell after the release of German and French economic data

May 15, 2013 7:14 am
After being traded at levels near 1.2940-43 the euro tumbled to 1.2899, after the release of data to show the overall economic activity in Euro zones first two largest economies. The preliminary value of Germanys Gross Domestic Product (GDP) during the first quarter of the year showed, that economy contracted at the rate of 0.2% […] Read more

Sterling has reached two-week low versus US dollar before inflation report

May 14, 2013 3:02 pm
The brittish pound has slided to a two-week low versus US dollar with investors diminishing their United Kingdom currency portfolios in expectation of the inflation report by Bank of England, to be released tomorrow. This over 2% fall of the sterling comes after the GBP/USD May 1 high 1.5606. Bloomberg reported, that Bank of England […] Read more

Eurozone’s economic data posed a subtle influence on the EUR/USD

May 14, 2013 1:51 pm
During the trading session earlier today the EUR/USD pair changed slightly with investors, remaining cautious, right after the release of ZEW indicators and industrial production data in the Eurozone. The EUR/USD cross fell to 1.2946, followed by consolidation at the 1.2975 level. The pair was expected to receive support at April 5 low 1.2903 and […] Read more

Germany’s ZEW Economic Sentiment almost unchanged

May 14, 2013 1:06 pm
The major economic sentiment indicator for Germany, announced earlier today, has remained at levels, slightly higher during May, compared to the previous month. ZEW Sentiment has increased hardly by 0.1 points to 36.4. This news comes as a surprise, as the economic data for Germany, released today, showed some positivity. It became clear, that the […] Read more

US Dollar retreats against the Yen

May 14, 2013 10:04 am
The US dollar traded lower versus Japanese Yen today, as most investors took their profits. USD/JPY cross slided down to 101.27 during the Asian session, which is the pairs lowest level since Friday . Support levels were fixed around 100.51-53, while the resistance levels – at 102.12-14, which is the crosss highest since October 2008. […] Read more

US Business Inventories without change on a monthly basis, retail sales unexpectedly rose

May 14, 2013 7:47 am
Business Inventories in the United States remained unchanged during March, at the amount of 1.270 trillion US dollars and mismatched the estimation of 0.3% increase. Additionally, it became clear, that the gross amount of US business sales declined at rate of 1.1% during March in confirmation of the uncertainty around economic recovery. Business Inventories data […] Read more