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Forex Market: EUR/GBP daily outlook

March 25, 2014 7:21 am
During yesterday’s trading session EUR/GBP traded within the range of 0.8344-0.8391 and closed at 0.8387. At 7:14 GMT today EUR/GBP was gaining 0.02% for the day to trade at 0.8390. The pair touched a daily high at 0.8394 at 7:05 GMT. Fundamental view The index of business climate in Germany probably dropped to 110.9 in […] Read more

Forex Market: EUR/USD slips to daily lows after downbeat euro zone data

March 24, 2014 11:09 am
The euro dropped to daily lows against the US dollar on Monday, following the release of downbeat euro zone PMI data and after an ECB official reiterated that borrowing costs will remain at present record-low levels or even lower for a prolonged period of time. EUR/USD touched a session low at 1.3763 at 10:19 GMT, […] Read more

Forex Market: AUD/USD daily outlook

March 24, 2014 8:57 am
During Friday’s trading session AUD/USD traded within the range of 0.9037-0.9100 and closed at 0.9082. At 8:51 GMT today AUD/USD was gaining 0.28% for the day to trade at 0.9107. The pair touched a daily high at 0.9112 during early Asian trade. Fundamental view Manufacturing activity in the United States probably slowed down in March. […] Read more

Forex Market: EUR/JPY edges higher following upbeat French PMI data

March 24, 2014 8:43 am
The euro snapped two day of losses against the Japanese yen, after preliminary data showed manufacturing activity in the second-largest euro zone economy, France, expanded at the fastest pace in almost three years in March, boosting demand for the 18-nation common currency. EUR/JPY hit a session high at 141.88 at 08:10 GMT, after which the […] Read more

Forex Market: USD/SEK daily outlook

March 24, 2014 8:36 am
During Friday’s trading session USD/SEK traded within the range of 6.4041-6.4391 and closed at 6.4240. At 8:24 GMT today USD/SEK was losing 0.13% for the day to trade at 6.4154. The pair touched a session low at 6.4128 at 6:30 GMT. Fundamental view Manufacturing activity in the United States probably slowed down in March. The […] Read more

Forex Market: USD/CHF daily outlook

March 24, 2014 8:15 am
During Friday’s trading session USD/CHF traded within the range of 0.8362-0.8400 and closed at 0.8393. At 8:05 GMT today USD/CHF was losing 0.07% for the day to trade at 0.8824. The pair touched a session low at 0.8816 at 8:00 GMT. Fundamental view Manufacturing activity in the United States probably slowed down in March. The […] Read more

Forex Market: EUR/CAD daily outlook

March 24, 2014 7:52 am
During Friday’s trading session EUR/CAD traded within the range of 0.8362-0.8400 and closed at 0.8393. At 7:45 GMT today EUR/CAD was gaining 0.15% for the day to trade at 1.5505. The pair touched a session high at 1.5514 at 6:15 GMT. Fundamental view Frances preliminary manufacturing PMI (Purchasing Managers Index) probably remained in the zone […] Read more