April 8, 2014 1:14 pm
The loonie, as the Canadian dollar is best known, trimmed earlier gains, but hovered near the strongest level in seven weeks against its US counterpart, after data showed the number of housing starts in Canada declined to the weakest in more than four years and building permits fell last month. USD/CAD hit a session low […]
Read moreApril 8, 2014 12:15 pm
The euro rose for a second day against the US dollar, after ECB policy makers signaled deflation risks in the euro area are not imminent, reducing expectations the central bank will use some form of Quantitative easing (QE) to boost inflation in the currency bloc. EUR/USD hit a session high at 1.3784 at 11;30 GMT, […]
Read moreApril 8, 2014 9:44 am
During yesterday’s trading session USD/CAD traded within the range of 1.0962-1.1010 and closed at 1.0977. At 9:41 GMT today USD/CAD was losing 0.36% for the day to trade at 1.0933. The pair breached the first and the second key daily supports and touched a daily low at 1.0925 at 8:45 GMT. Fundamental view Annualized number […]
Read moreApril 8, 2014 9:08 am
The UK pound rose to the strongest level in almost four weeks against the US dollar, after official data showed UK industrial output rose at a faster-than-expected pace in February, led by a surge in manufacturing production, which advanced at the fastest annual pace since February 2011. GBP/USD hit a session high at 1.6713 at […]
Read moreApril 8, 2014 7:48 am
The yen advanced for a third day against the US dollar, hitting the highest level in more than a week, after the Bank of Japan refrained from adding extra stimulus as it tries to assess the impact of a controversial sales-tax increase introduced at the beginning of the month. USD/JPY hit a session low at […]
Read moreApril 8, 2014 7:31 am
During yesterday’s trading session GBP/CAD traded within the range of 1.8176-1.8275 and closed at 1.8232. At 7:29 GMT today GBP/CAD was losing 0.03% for the day to trade at 1.8215. The pair touched a daily low at 1.8207 at 7:24 GMT. Fundamental view United Kingdom Annualized industrial output in the United Kingdom probably expanded 2.2% […]
Read moreApril 8, 2014 7:14 am
During yesterday’s trading session EUR/CAD traded within the range of 1.5027-1.5120 and closed at 1.5086. At 7:13 GMT today EUR/CAD was losing 0.16% for the day to trade at 1.5054. The pair touched a daily low at 1.5050 at 7:12 GMT. Fundamental view Annualized number of housing starts in Canada probably decreased to 192 000 […]
Read moreApril 8, 2014 6:47 am
During yesterday’s trading session USD/CHF traded within the range of 0.8872-0.8924 and closed at 0.8878. At 6:44 GMT today USD/CHF was losing 0.04% for the day to trade at 0.8876. The pair touched a daily low at 0.8872 at 6:11 GMT. Fundamental view Annualized retail sales in Switzerland probably rose at a pace of 0.9% […]
Read moreApril 8, 2014 6:35 am
During yesterday’s trading session EUR/GBP traded within the range of 0.8262-0.8285 and closed at 0.8274. At 6:33 GMT today EUR/GBP was losing 0.05% for the day to trade at 0.8270. The pair touched a daily low at 0.8268 at 6:32 GMT. Fundamental view The deficit on Frances trade balance probably shrank to 4.900 billion EUR […]
Read moreApril 8, 2014 6:23 am
During yesterday’s trading session EUR/CHF traded within the range of 1.2196-1.2225 and closed at 1.2200. At 6:21 GMT today EUR/CHF was losing 0.05% for the day to trade at 1.2195, which currently is the pairs lowest point on trading Tuesday. Fundamental view The deficit on Frances trade balance probably shrank to 4.900 billion EUR during […]
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