Jobless Claims in United States rose during last week

May 16, 2013 2:18 pm
Initial Jobless Claims indicator rose during last week, as the number of american citizens in search for a job increased. This could be interpreted as continuing uncertainty about the recovery of US labour market. Claims rose to 360 000 during last week, from the revised number of 328 000 during the previous period. Experts estimated […] Read more

US Dollar significantly lowers after non-optimistic data from United States

May 16, 2013 1:51 pm
During Thursday trading session US dollar sharply retreated versus the euro and the Japanese yen, right after the release of disappointing economic data from United States. USD/JPY cross fell to 102.31, as it reached almost 102.70 during late European session. It was reported that Initial Jobless Claims rose by 32 000 to 360 000 last […] Read more

Wolfgang Schaeuble stressed, that a possible decrease in base interest rate by ECB, won’t have any relief on small and medium enterprises

May 16, 2013 12:42 pm
Germanys Finance Minister, Wolfgang Schaeuble, announced today, that problems, which small and medium business in Euro zone encounters, could not be solved by a simple decrease in the base interest rate by the European Central Bank. Schaeuble pointed out that problems in the Small and Medium Enterprises (SME) sector could be a result of a […] Read more

Italy – surplus on trade balance during March

May 16, 2013 9:32 am
Earlier today was reported, that Euro zones third largest economy, Italy, reached surplus on its trade balance during March. The amount was 3.2 billion euros, which significantly exceeded the 1.8 billion euro surplus during March 2012. Reasons behind this result could be traced in the decreased level of demand in the country itself, while export […] Read more

Positive data from New Zealand, NZD/USD took a drop though

May 16, 2013 8:34 am
New Zealand dollar decreased its value against the US dollar during Thursday session, despite the positivity around manufacturing sector in New Zealand. NZD/USD pair fell to 0.8208, lowest value during Asian session, followed by certain increase to 0.8217. Support levels were expected at 0.8175, lowest value from Wednesday trade, while the pair was likely to […] Read more

US Dollar lifted from lows against Japanese Yen

May 16, 2013 7:51 am
In expectation of Thursday US data, the dollar increased its value versus the Yen. USD/JPY jumped off levels around 101.97 and reached the 102.35-44 zone during the course of trade. The pair was expected to find resistance at 102.75, highest value from Wednesday, while the support levels were at 101.50, lowest value from Monday. Positive […] Read more

Euro being traded closely to six week low against the US dollar

May 16, 2013 7:17 am
During Thursday trading session the single currency reached six week low against the US dollar, after crucial data, that came out on Wednesday, regarding the contracting Euro zone economy for sixth quarter in a row. EUR/USD cross reached levels at 1.2855-57, followed by certain increase and consolidation at 1.2866, during Asian session. The pair was […] Read more

US producer prices with widened decline

May 15, 2013 7:22 pm
US demand still keeps a low profile, for today it became clear the Producer Price Index during April fell by 0.7%, compared to March 2013. This monthly drop of indicators value turned out to be the greatest since February 2010. Current decline of the index was driven mostly by decreased prices of energy products, which […] Read more