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

March 16, 2014 8:37 am
The euro regained ground against the US dollar on Friday, after it retreated from the strongest level since October 2011 a day before, following comments by the ECB President Mario Draghi that the central bank is closely monitoring gains in the 18-nation common currency. EUR/USD touched a session high at 1.3936 at 14:15 GMT, after […] Read more

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

March 15, 2014 7:43 pm
Australian dollar traded little changed against its US counterpart during the late phase of US session on Friday, as concerns that Chinese economy was slowing down and Crimea tensions urged market players to reduce their possessions of high-yielding assets, while the gauge of consumer confidence by Thomson Reuters and the University of Michigan regarding the […] Read more

Forex Market: AUD/USD falls, poised for a weekly loss on risk aversion

March 14, 2014 8:14 am
Australian dollar traded lower and was set to register a weekly loss against its US counterpart on Friday, as concerns that Chinese economy was slowing down and Crimea tensions urged investors to reduce their possessions of high-yielding assets, such as the Aussie. AUD/USD touched a session low at 0.8997 at 5:20 GMT, after which consolidation […] Read more

Forex Market: USD/CAD preserves daily losses despite better-than-expected US data

March 13, 2014 2:12 pm
The loonie, as the Canadian dollar is best known, preserved daily gains against its US counterpart, despite retail sales in the US rose in February for the first time in three months, while initial jobless claims unexpectedly declined last week. However, loonies demand was supported after Statistics Canada reported today that prices of new houses […] Read more

Forex market: EUR/USD touches fresh 2-1/2-year highs on ECB support

March 13, 2014 8:30 am
The euro advanced to the strongest level in 2-1/2 years against the US dollar as European Central Bank policy makers signaled support for the 18-nation common currency areas recovery. EUR/USD touched a session high at 1.3956 at 08:00 GMT, after which consolidation followed at 1.3946, adding 0.3% for the day. Support was likely to be […] Read more