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Forex Market: USD/RUB surges the most in a week amid pro-Russian protests in Ukraine

April 7, 2014 2:47 pm
The Russian ruble fell the most in almost a week as pro-Russian protests in three eastern Ukrainian cities, prompted the Ukrainian authorities to accuse Russian President Vladimir Putin of fueling separatist disorder. USD/RUB touched a daily high at 35.751 at 11:15 GMT, after which consolidation followed at 35.619, adding 0.74% for the day. Support was […] Read more

Forex Market: USD/NOK retains losses on upbeat Norwegian industrial production

April 7, 2014 9:56 am
The Norwegian krone traded little changed, after advancing for two weeks against the US dollar as data showed industrial output in Norway rose more than expected in February, boosting demand for the Scandinavian currency. USD/NOK hit a session low at 5.9895 at 08:00 GMT, after which consolidation followed at 6.0015, adding 0.02% for the day. […] Read more

Forex Market: USD/NOK daily forecast

April 7, 2014 7:53 am
During Friday’s trading session USD/NOK traded within the range of 5.9749-6.0172 and closed at 6.0001. At 7:45 GMT today USD/NOK was unchanged for the day to trade at 6.0001. The pair touched a daily low at 5.9901 at 0:45 GMT. Fundamental view Manufacturing output in Norway, an indicator measuring the change in the total inflation-adjusted […] Read more

Forex Market: EUR/CAD daily forecast

April 7, 2014 7:21 am
During yesterday’s trading session EUR/CAD traded within the range of 1.5006-1.5145 and closed at 1.5050. At 7:17 GMT today EUR/CAD was losing 0.06% for the day to trade at 1.5042. The pair touched a daily low at 1.5027 at 2:30 GMT. Fundamental view Confidence among investors in the Euro zone probably improved during the current […] Read more

Forex Market: EUR/GBP daily forecast

April 7, 2014 6:53 am
During Friday’s trading session EUR/GBP traded within the range of 0.8250-0.8278 and closed at 0.8269. At 6:46 GMT today EUR/GBP was losing 0.02% for the day to trade at 0.8268. The pair touched a daily low at 0.8261 during the early phase of Asian trade. Fundamental view Confidence among investors in the Euro zone probably […] Read more

Forex Market: EUR/CHF daily forecast

April 7, 2014 6:35 am
During Friday’s trading session EUR/CHF traded within the range of 1.2216-1.2250 and closed at 1.2225. At 6:32 GMT today EUR/CHF was losing 0.03% for the day to trade at 1.2221. The pair touched a daily low at 1.2214 at 3:30 GMT. Fundamental view Confidence among investors in the Euro zone probably improved during the current […] Read more

Forex Market: Outlook for EUR/USD during the upcoming week

April 6, 2014 11:01 am
The euro slid to the weakest level in more than a month against the US dollar on Friday, capping a third straight week of losses, as European Central Bank President Mario Draghi suggested readiness to use Quantitative easing (QE) to boost inflation in the currency bloc. EUR/USD touched a session low at 1.3673 at 14:30 […] Read more

Forex Market: AUD/JPY daily forecast

April 6, 2014 7:24 am
During Friday’s trading session AUD/JPY traded within the range of 95.81-96.51 and closed at 95.97. Fundamental view At 0:30 GMT on Monday the Australian Industry Group (AIG) is expected to announce the results from its survey on construction sector activity during March. The seasonally adjusted Performance of Construction Index for Australia came in at a […] Read more