Currency News - Part 494

EUR/USD trading with stability

May 27, 2013 7:15 am

Mondays trade session was calm for the EUR/USD cross, after strong data from Germany was released last Friday and also expectations for a near-term exit of FED easing program boosted demand for US dollars. The pair reached 1.2946 during late hours of the Asian trade session, highest value for today, then EUR/USD fell slightly to […] Read more

AUD/USD decreased as investors shorted the Aussie

May 27, 2013 6:29 am

During Monday Asian trade, Australian dollar retreated against the US counterpart, as investors were with bearish sentiment towards the Aussie. The pair dropped to 0.9630. Support levels were expected at 0.9592, lowest value from Friday last week, while the pair was likely to meet resistance at 0.9750, highest for Friday session. US Commodity Futures Trading […] Read more

US Durable Goods Orders recovered during April

May 24, 2013 8:06 pm

Earlier today official data showed that Durable Goods Orders in United States recorded a positive change during April, showing improvement in countrys production sector, which had been the slowing factor for economic recovery. Durable Goods Orders increased by 3.3% during April on monthly basis to 226 billion USD, while estimates showed a 1.3% increase. Data […] Read more

Euro showed stability versus US dollar on positive data from Germany

May 24, 2013 7:56 am

EUR/USD pair was stable during early hours of Fridays European trade session after positive signal came from Germany, regarding consumer confidence and also on speculations about FED asset purchasing program exit in short-term. During later hours of Asian session, EUR/USD reached 1.2944, session highest value, after which consolidation followed at 1.2930-40. The pair was expected […] Read more

US house prices at record levels, new home sales increased

May 23, 2013 2:56 pm

New Home Sales in United States registered an increase during April, while house prices reached record levels. It became obvious that US real estate sector is in process of improvement, as home sales rose significantly during spring period. New Home Sales indicator was up by 2.3% during April to seasonally adjusted 454 000 units, second […] Read more

US dollar with a sudden drop versus Japanese yen, while euro continued expansion

May 23, 2013 1:14 pm

US dollar decreased significantly versus the yen on Thursday, as China reported weak economic data and indications appeared that FED might reduce scale of easing, which provoked safe heaven search among investors. During late European session, USD/JPY pair dropped to 101.47. In testimony to the U.S. Joint Economic Committee yesterday, Fed Chairman Bernanke said a […] Read more

EUR/USD up again, but earnings seemed limited

May 23, 2013 12:20 pm

EUR/USD pair increased in value during Thursday trading session, but gains seemed limited after the announcement by FED that it could taper its asset purchasing program, while investors shorted their risk appetites. The cross reached 1.2905 during late hours of European trade, highest value for the current session, then EUR/USD distanced, falling to 1.2883-1.2888. The […] Read more

USD/CHF lowered ahead of crucial US data

May 23, 2013 10:23 am

US dollar shorted positions against the Swiss franc during Thursday trade session, as focus was moving to crucial economic data from US, expected later today. USD/CHF pair fell to 0.9634 during European trade session, lowest value since May 16th, then jumped off to 0.9648. The cross was expected to receive support at 0.9578, May 16th […] Read more

Is Japan’s monetary policy a ”big experiment”?

May 23, 2013 10:02 am

Ben Broadbent, a member of the Bank of Englands Monetary Policy Committee, stated that Japans monetary policy was a big experiment, which could lead to market volatility. “Japan, of course, is in the midst of what amounts to a big monetary experiment, so I think we should see the volatility in equity markets and indeed […] Read more

British pound on session high versus US dollar

May 23, 2013 8:55 am

GBP/USD pair reached session high versus US dollar during Thursday trade, after official GDP data from United Kingdom. The cross hit 1.5076 during European trade session, highest for today, after which consolidated at levels around 1.5070. Support was expected at 1.5012, lowest value for current session, while the pair was to meet resistance at 1.5100. […] Read more