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USD/JPY nearing a four and a half year highs

May 17, 2013 7:57 am
On Friday session, US dollar advanced against the Japanese yen closing in to a new 4,5 year high. Major influence was the speculation over a possible earlier exit of FEDs stimulus program than expected. The pair reached 102.58 during European trade, followed by consolidation at 102.48. Support levels were expected at 101.26, May 14th low […] Read more

Philadelphia FED Index dropped into negativity

May 16, 2013 7:15 pm
According to official data, published earlier today, business activity amongst the Philadelphia manufacturers declined during May. Philadelphia index sunk to -5.2 points during May, while a month ago the reading showed +1.3 points. Results stated, that most of the featured companies gave negative forecasts about future development of their business. Experts estimated the value to […] Read more

Jobless Claims in United States rose during last week

May 16, 2013 2:18 pm
Initial Jobless Claims indicator rose during last week, as the number of american citizens in search for a job increased. This could be interpreted as continuing uncertainty about the recovery of US labour market. Claims rose to 360 000 during last week, from the revised number of 328 000 during the previous period. Experts estimated […] Read more

US Dollar significantly lowers after non-optimistic data from United States

May 16, 2013 1:51 pm
During Thursday trading session US dollar sharply retreated versus the euro and the Japanese yen, right after the release of disappointing economic data from United States. USD/JPY cross fell to 102.31, as it reached almost 102.70 during late European session. It was reported that Initial Jobless Claims rose by 32 000 to 360 000 last […] Read more

Wolfgang Schaeuble stressed, that a possible decrease in base interest rate by ECB, won’t have any relief on small and medium enterprises

May 16, 2013 12:42 pm
Germanys Finance Minister, Wolfgang Schaeuble, announced today, that problems, which small and medium business in Euro zone encounters, could not be solved by a simple decrease in the base interest rate by the European Central Bank. Schaeuble pointed out that problems in the Small and Medium Enterprises (SME) sector could be a result of a […] Read more

Italy – surplus on trade balance during March

May 16, 2013 9:32 am
Earlier today was reported, that Euro zones third largest economy, Italy, reached surplus on its trade balance during March. The amount was 3.2 billion euros, which significantly exceeded the 1.8 billion euro surplus during March 2012. Reasons behind this result could be traced in the decreased level of demand in the country itself, while export […] Read more

Positive data from New Zealand, NZD/USD took a drop though

May 16, 2013 8:34 am
New Zealand dollar decreased its value against the US dollar during Thursday session, despite the positivity around manufacturing sector in New Zealand. NZD/USD pair fell to 0.8208, lowest value during Asian session, followed by certain increase to 0.8217. Support levels were expected at 0.8175, lowest value from Wednesday trade, while the pair was likely to […] Read more