Currency News

USD/CAD close to session lows

US dollar lowered against its Canadian counterpart on Tuesday, following the optimistic data, regarding Canadian housing sector, but still expectations of FED taking action continued supporting greenbacks demand. USD/CAD fell to a session low at 1.0512 at 13:14 GMT, the lowest point since July 5th, after which consolidation followed at 1.0520. Support was likely to […] Read more

GBP/USD tumbled on disappointing manufacturing data

British pound lost positions sharply against the US dollar on Tuesday, following the official report, regarding manufacturing production, which stated the largest drop in four months in May. GBP/USD tumbled to a session low at 1.4831 at 10:39 GMT, after which consolidation followed at 1.4860. Support was expected at July 8th low and a four-month […] Read more

USD/CHF close to 1.5-month highs after disappointing Swiss retail sales

US dollar advanced against the Swiss franc on Tuesday, following the unexpected slow down in retail sales in Switzerland in May, while expectations of FED to begin tapering its Quantitative Easing by the end of this year still weighed on sentiment. USD/CHF hit a session high and highest point since May 29th at 0.9679 at […] Read more

USD/JPY advanced to higher levels ahead of FED minutes

US dollar climbed higher against the Japanese yen on Tuesday, as demand for the dollar remained strong ahead of FOMC meeting protocol, which was scheduled for release on Wednesday. USD/JPY pair reached a session high at 101.30 at 6:04 GMT, after which consolidation followed at 101.06. At 9:51 GMT the cross was trading at 101.20, […] Read more

EUR/USD advanced further, but gains were limited

The euro managed to gain further ground against the US dollar on Tuesday, but upward movement was likely to remained limited, because of expectations of US Federal Reserve Bank to reduce the scale of bond purchases soon. EUR/USD cross touched 1.2897 at 6:54 GMT, the pairs highest point for todays trade, after which consolidation followed […] Read more

New Zealand dollar higher against US peer on good NZ business confidence

New Zealand dollar advanced against its US counterpart on Tuesday, following the release of positive business confidence data from New Zealand. NZD/USD pair hit a session high at 0.7873 at 7:01 GMT, after which consolidation followed at 0.7860. Support was expected at July 3rd low, 0.7710, while resistance was to be encountered at June 10th […] Read more

AUD/USD recovered from earlier losses

Australian dollar managed to recover lost positions versus its US peer during the early phase of Asian trade on Tuesday. AUD/USD pair fell to session lows at 0.9083 earlier on Tuesday, while at 6:39 GMT it was trading at 0.9149, registering a 0.15% gains for the day. Support was likely to be received at July […] Read more

USD/CAD on session lows

US dollar slid to session lows against its Canadian counterpart on Monday, as investors took profits, following dollars recent rally. USD/CAD pair fell to a session low at 1.0546 at 12:39 GMT, after which consolidation followed at 1.0559. The cross erased 0.10% for the day. Support was expected at July 5th low, 1.0510, while resistance […] Read more

EUR/USD higher, gains capped

On Mondays trade the euro edged higher against the US dollar, but gains seemed capped, as expectations of FED to begin tapering its Quantitative Easing, weighed on market sentiment. EUR/USD cross climbed to a session high at 1.2861 at 10:37 GMT, after which consolidation followed at 1.2845. Support was likely to be found at March […] Read more

Pound close to 11-week lows versus the euro, Bank of England stimulus weighed

British pound traded close to 11-week lows against the euro on Monday on speculation that Bank of England will stick to its current stimulus policy. EUR/GBP pair hit a session high at 0.8621 earlier, after which consolidation followed at 0.8615. On July 4th the pair slid to 0.8633, the lowest point since April 17th. “The […] Read more