Currency News

GBP/USD close to session lows

During Wednesdays trade the pound slipped to lower levels against the US dollar, as the disappointing Chinese manufacturing PMI report triggered safe haven demand for the greenback. GBP/USD fell to a session low at 1.5334 at 10:20 GMT, after which consolidation followed at 1.5356. Support for the pair was expected at July 22nd low, 1.5256, […] Read more

USD/CHF with a slight increase in calm trade

US dollar increased against the Swiss franc on Wednesday, as market players took positions in expectation of the US Manufacturing PMI and new home sales reports, scheduled for release later in the day. USD/CHF reached a session high at 0.9372 at 6:20 GMT, after which the pair consolidated at 0.9360, up by 0.11% for the […] Read more

EUR/USD on six-week highs

The euro soared to six-week highs against the US dollar on trading Wednesday, following the release of an official report, which showed Manufacturing PMI in the Euro zone expanded during July. EUR/USD hit a session high at 1.3253 at 7:38 GMT, the highest point since June 20th, after which consolidation followed at 1.3240. Support was […] Read more

USD/JPY advanced after the disappointing Chinese manufacturing PMI

On Wednesday the US dollar managed to gain some ground against the Japanese yen, following the release of a report to show Chinese manufacturing activity decelerated to 11-month low, which put selling pressure on the yen. USD/JPY increased in value to hit a session high at 99.93 at 6:33 GMT, after which consolidation followed at […] Read more

NZD/USD with a decline, ignoring positive NZ trade balance data

New Zealand dollar edged lower against the greenback on trading Wednesday, despite the release of optimistic trade balance data from New Zealand, as soft Chinese PMI caused greater influence on the kiwi. NZD/USD slid to a session low at 0.7950 at 1:50 GMT, after which consolidation followed at 0.7979. Support for the pair was expected […] Read more

AUD/USD off session highs on soft Chinese manufacturing PMI

Having reached session highs, right after the release of Australian consumer inflation, the Aussie slid to lower levels against the US dollar, following an official report to show Chinese preliminary manufacturing PMI slowing down. AUD/USD came off a session high at 0.9317, recorded at 1:30 GMT, to trade at 0.9254 at 6:27 GMT, down by […] Read more

EUR/USD on session highs following Euro zone consumer confidence

The euro traded in a narrow range against the US dollar on Tuesday, in proximity to session highs, following the consumer confidence data, released from the Euro zone earlier. EUR/USD reached a new session high at 1.3212 at 14:42 GMT. Support was likely to be found at July 22nd low, 1.3133, while resistance was to […] Read more

USD/CAD reduced earlier gains on upbeat Canadian retail sales

US dollar trimmed earlier gained positions and slid to session lows against its Canadian counterpart on Tuesday, following an official report to show retail sales in Canada rose significantly more than projected during May. USD/CAD registered a session low at 1.0297 at 12:36 GMT, after which the pair consolidated at 1.0308, still down by 0.27% […] Read more

USD/CHF close to session highs

Through the course of a subdued trade on Tuesday the US dollar moved higher against the Swiss franc, despite the weak housing data, released from the United States on Monday. USD/CHF pair reached a session high at 0.9399 at 9:45 GMT, after which consolidation followed at 0.9390. The cross was likely to receive support at […] Read more

GBP/USD on a session low after UK mortgage data

British pound came off earlier session highs against the US dollar to record a session low, after a report by British Bankers Association (BBA) showed less than expected loans for house purchase. GBP/USD took a drop from 1.5381, the session high, to a session low at 1.5339, recorded at 9:15 GMT, to trade at 1.5346 […] Read more