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Forex Market: EUR/USD declines a second day on ECB easing speculation

March 26, 2014 10:59 am
The euro fell for a second day against the US dollar, following a speculation the European Central Bank may signal additional monetary stimulus next week, to bolster the economy. EUR/USD touched a session low at 1.3790 at 08:50 GMT, after which the pair consolidated at 1.3801. losing 0.18% for the day. Support was likely to […] Read more

Forex Market: NZD/USD daily outlook

March 26, 2014 9:07 am
During yesterday’s trading session NZD/USD traded within the range of 0.8533-0.8589 and closed at 0.8572. At 9:06 GMT today NZD/USD was gaining 0.37% for the day to trade at 0.8606. The pair touched a daily high at 0.8610 at 8:47 GMT. Fundamental view Durable goods orders in the United States probably increased 1.0% in February, […] Read more

Forex Market: AUD/USD hits fresh 4-month highs following RBA Governor’s comments

March 26, 2014 8:39 am
The Aussie advanced to the strongest level in more than four months against its US counterpart on Wednesday, after Reserve Bank of Australia Governor Glenn Stevens said there were early signs of a transition from a mining-driven demand to domestic consumption and that the economy may strengthen later this year. AUD/USD hit a session high […] Read more

Forex Market: USD/NOK daily outlook

March 26, 2014 8:31 am
During yesterday’s trading session USD/NOK traded within the range of 6.0125-6.0578 and closed at 6.0302. At 8:25 GMT today USD/NOK was gaining 0.11% for the day to trade at 6.0343. The pair touched a daily high at 6.0401 at 7:38 GMT. Fundamental view Durable goods orders in the United States probably increased 1.0% in February, […] Read more

Forex Market: EUR/CHF daily outlook

March 26, 2014 8:12 am
During yesterday’s trading session EUR/CHF traded within the range of 1.2182-1.2217 and closed at 1.2205. At 8:12 GMT today EUR/CHF was gaining 0.16% for the day to trade at 1.2224. The pair touched a daily high at 1.2225 at 8:09 GMT. Fundamental view At 14:00 GMT the Swiss National Bank (SNB) is expected to release […] Read more

Forex Market: EUR/GBP daily outlook

March 26, 2014 7:45 am
During yesterday’s trading session EUR/GBP traded within the range of 0.8335-0.8394 and closed at 0.8359. At 7:40 GMT today EUR/GBP was losing 0.05% for the day to trade at 0.8360. The pair touched a daily low at 0.8352 at 1:55 GMT. Fundamental view No relevant economic indicators and/or events are scheduled for announcement today from […] Read more

Forex Market: USD/CHF daily outlook

March 26, 2014 7:32 am
During yesterday’s trading session USD/CHF traded within the range of 0.8801-0.8878 and closed at 0.8832. At 7:26 GMT today USD/CHF was gaining 0.26% for the day to trade at 0.8849. The pair touched a daily high at 0.8850 at 7:25 GMT. Fundamental view Durable goods orders in the United States probably increased 1.0% in February, […] Read more

Forex Market: USD/SEK daily outlook

March 26, 2014 7:16 am
During yesterday’s trading session USD/SEK traded within the range of 6.3930-6.4390 and closed at 6.4041. At 7:08 GMT today USD/SEK was gaining 0.11% for the day to trade at 6.4085. The pair touched a daily high at 6.4131 at 6:20 GMT. Fundamental view A monthly survey on consumer confidence may show that consumers in Sweden […] Read more