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Forex Market: USD/SEK daily outlook

March 31, 2014 8:38 am
During Friday’s trading session USD/SEK traded within the range of 6.4697-6.5060 and closed at 6.5029. At 8:39 GMT today USD/SEK was losing 0.04% for the day to trade at 6.5005. The pair touched a daily low at 6.4922 at 6:50 GMT. Fundamental view The monthly business activity survey for the area of Chicago may show […] Read more

Forex Market: NZD/USD hovers near 2-1/2-year highs on increasing risk appetite

March 31, 2014 8:29 am
The kiwi, as the New Zealand dollar is best known, hovered near the strongest level since August 2011 against its US counterpart amid speculation over possible stimulus measures in China, which heightened demand for higher-yielding currencies. NZD/USD hit a session high at 0.8678 during late Asian trade, after which the pair consolidated to trade little […] Read more

Forex Market: EUR/CAD daily outlook

March 31, 2014 7:49 am
During Friday’s trading session EUR/CAD traded within the range of 1.5079-1.5232 and closed at 1.5209. At 7:43 GMT today EUR/CAD was gaining 0.05% for the day to trade at 1.5216. The pair touched a daily high at 1.5230 during the early phase of Asian trade. Fundamental view Euro zone’s preliminary annualized index of consumer prices, […] Read more

Forex Market: USD/NOK daily outlook

March 31, 2014 7:21 am
During Friday’s trading session USD/NOK traded within the range of 5.9844-6.0260 and closed at 6.0069. At 7:17 GMT today USD/NOK was gaining 0.04% for the day to trade at 6.0092. The pair touched a daily high at 6.0136 at 6:55 GMT. Fundamental view Norways retail sales report for February is due out at 8:00 GMT. […] Read more

Forex Market: EUR/GBP daily outlook

March 31, 2014 7:00 am
During Friday’s trading session EUR/GBP traded within the range of 0.8246-0.8282 and closed at 0.8264. At 6:52 GMT today EUR/GBP was gaining 0.03% for the day to trade at 0.8266. The pair touched a daily high at 0.8270 at 6:00 GMT. Fundamental view Euro zone’s preliminary annualized index of consumer prices, evaluated in accordance with […] Read more

Forex Market: EUR/CHF daily outlook

March 31, 2014 6:39 am
During Friday’s trading session EUR/CHF traded within the range of 1.2179-1.2202 and closed at 1.2195. At 6:34 GMT today EUR/CHF was gaining 0.03% for the day to trade at 1.2199. The pair touched a daily high at 1.2201 at 3:55 GMT. Fundamental view Frances final annualized Gross Domestic Product probably expanded 0.8% during the last […] Read more

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

March 30, 2014 2:15 pm
The euro declined for a second straight week against the US dollar for the first time in almost five months on speculation European Central Bank and Federal Reserve monetary policies are diverging. EUR/USD touched a session low at 1.3705 at 10:00 GMT, the weakest since February 28, after which the pair settled at 1.3752 on […] Read more

Forex Market: outlook for AUD/USD during the upcoming week

March 30, 2014 1:08 pm
Australian dollar came off four-month highs against its US rival and preserved daily losses during late US session on Friday, after data made it clear that personal spending in the United States rose in February by the most in three months while personal income increased, adding to evidence that nations economy was gaining momentum after […] Read more