Currency News

AUD/USD fell ahead of Australian unemployment report

Australian dollar lost ground against its major peers on Wednesday ahead of the unemployment report, scheduled for release tomorrow, while the US dollar remained under pressure amid continuing uncertainty over the future of Federal Reserves Quantitative Easing. AUD/USD hit a session low at 0.8929 at 7:48 GMT, after which the pair consolidated at 0.8943. Support […] Read more

EUR/USD carved its way higher

The euro edged higher against the US dollar on Wednesday, as recent economic reports out of the Euro zone implied that the blocs economy showed signs of revitalization. EUR/USD reached its highest point during todays trade at 1.3314, after which consolidation followed at 1.3306. Support was expected at August 6th low, 1.3245, while resistance was […] Read more

NZD/USD little changed

New Zealand dollar was slightly changed against its US counterpart on Wednesday, following the release of NZ unemployment rate data earlier today. NZD/USD touched its highest point during Wednesday trade at 0.7914 during the early phase of the Asian session, after which consolidation followed at 0.7895. Support for the pair was likely to be found […] Read more

EUR/USD on session highs

The euro rose to session highs against the US dollar on Tuesday, following the revised up forecast for 2014 growth in Germany by the International Monetary Fund (IMF). EUR/USD touched 1.3316 at 14:24 GMT, the session high and the pairs highest point since July 31st. Support was likely to be received at current session low, […] Read more

USD/CAD on session highs after US, Canadian trade balance reports

US dollar climbed to its highest level on Tuesday trade against its Canadian counterpart, following better than projected trade balance results from the United States and Canada. USD/CAD hit a session high at 1.0387 13:16 GMT, after which consolidation followed at 1.0380. Support was expected at current session low, 1.0346, while resistance was to be […] Read more

GBP/USD on session highs on UK manufacturing production report

The British pound reached its highest point during Tuesday trade against the US dollar, after a report showed that manufacturing production in the United Kingdom increased considerably more than projected in June. GBP/USD touched a session high at 1.5391 at 8:30 GMT, after which consolidation followed at 1.5378. Support was likely to be received at […] Read more

USD/JPY higher after US sector of services showed increased activity

US dollar traded on higher levels against the Japanese yen on Tuesday, following the upbeat US ISM non-manufacturing report, released yesterday, as market participants continued to expect the possible pare back of stimulus by the Federal Reserve by the end of this year. USD/JPY reached its highest point today at 98.57 at 7:05 GMT, after […] Read more

EUR/USD steady ahead of German factory orders, Italian GDP

The euro was little changed against the US dollar on Tuesday, as market players expected the reports on the preliminary value of Italys Gross Domestic Product and Germanys factory orders, scheduled for release later in the day. EUR/USD recorded the lowest point during todays session at 1.3245 at 6:34 GMT, after which consolidation followed at […] Read more

AUD/USD rallied after RBA rate decision

The Aussie soared against the US dollar on Tuesday, as Australian central bank reduced borrowing costs at its meeting in line with expectations and said that national currency remained strong. AUD/USD climbed to a session high at 0.8988 at 6:17 GMT. Support was expected at August 5th low, 0.8848, while resistance was to be encountered […] Read more

EUR/USD on session lows after strong US ISM services

The euro erased completely previously gained positions and fell to its lowest point during todays session against the US dollar, following the release of an upbeat ISM non-manufacturing report out of the United States. EUR/USD touched a session low at 1.3232 at 14:03 GMT, after which the pair bounced off to trade at 1.3244. Support […] Read more