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EUR/USD on negative ground before ECB rate decision, US ADP report

September 5, 2013 7:26 am
The euro slipped to negative territory against the US dollar on Thursday, as market players remained wary ahead of European Central Banks (ECB) rate decision and the ADP report on US employment. EUR/USD slid to a session low at 1.3162 at 5:45 GMT, after which consolidation followed at 1.3175, down by 0.24% for the day. […] Read more

AUD/USD fell from two-week highs after Australian trade balance data

September 5, 2013 6:49 am
Australian dollar came off over two-week highs against its US peer on Thursday, following the downbeat trade balance report out of Australia and ahead of ADP Research Institute report on employment in the United States. AUD/USD fell from the current session high at 0.9187, recorded at 1:50 GMT, which was pairs highest level since August […] Read more

USD/CAD on negative territory after US, Canadian trade balance data and BoC rate decision

September 4, 2013 2:54 pm
US dollar entered negative territory against its Canadian counterpart on Wednesday, following the release of downbeat US and Canadian trade balance reports, while expectations that the Federal Reserve Bank will begin trimming its asset purchases in September were still providing support for the greenback. USD/CAD reached a session low at 1.0477 at 10:30 GMT, also […] Read more

EUR/USD traded steadily after US trade balance report

September 4, 2013 2:24 pm
The euro was trading steadily against the US dollar on Wednesday, after the release of downbeat trade balance data out of the United States, while concerns over a possible military campaign against Syria by the US were still present. EUR/USD touched a session high at 1.3185 at 10:46 GMT, after which consolidation followed at 1.3166, […] Read more

GBP/USD on session highs after strong UK services PMI

September 4, 2013 9:28 am
The pound soared to its highest point today against the US dollar, following the release of stronger than expected report on services PMI in the United Kingdom. GBP/USD hit a session high at 1.5609 at 9:02 GMT, after which the pair consolidated at 1.5605, up by 0.29% for the day. Support was likely to be […] Read more

USD/JPY little changed

September 4, 2013 8:57 am
US dollar was little changed against the Japanese yen on Wednesday, as positive Japanese PMI supported the yen, while expectations of a near-term scale back of the Federal Reserve Banks Quantitative Easing continued underpinning demand for the greenback. USD/JPY reached a session high at 99.79 at 6:04 GMT, after which consolidation followed at 99.60, with […] Read more

NZD/USD on session highs

September 4, 2013 8:17 am
New Zealand dollar climbed to its highest point on Wednesday against its US peer, but gains seemed to remain capped due to mounting expectations that the Federal Reserve Bank will pare back its stimulus program in September. NZD/USD rose to a session high at 0.7866 at 8:05 GMT, after which consolidation followed at 0.7864, gaining […] Read more

AUD/USD advanced to two-week highs on upbeat Australian GDP

September 4, 2013 7:56 am
Australian dollar climbed to the highest in two weeks against its US peer on Wednesday, following a report to show that Australian Gross Domestic Product exceeded expectations during the second quarter of the year, despite that expectations of a possible scale back of Federal Reserves stimulus program still underpinned demand for the greenback. AUD/USD rose […] Read more

EUR/USD traded close to six-week lows

September 4, 2013 6:51 am
The euro traded in proximity to six-week lows against the US dollar on Wednesday, amid signs that US economic recovery was gaining traction, adding to the view of a possible scale back to the Federal Reserve Bank stimulus program this month. EUR/USD slid to a session low at 1.3159 at 6:10 GMT, after which consolidation […] Read more

USD/CAD off session lows after strong US ISM manufacturing data

September 3, 2013 2:50 pm
US dollar distanced from the lowest point, recorded today against its Canadian peer, following the release of upbeat ISM manufacturing report out of the United States. USD/CAD slid to a session low at 1.0507 at 13:22 GMT, the pairs lowest point since August 30th, after which consolidation followed at 1.0529, down by 0.21% for the […] Read more