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EUR/USD surges to two-week highs after Federal Reserve minutes

April 10, 2014 8:10 am
The euro touched the strongest level in more than two weeks against the US dollar, following the release of the Federal Reserve minutes that played down forecasts by some of the central bank’s own officials that borrowing costs might rise faster than previously estimated. EUR/USD touched a session high at 00:45 GMT, after which consolidation […] Read more

Forex Market: GBP/CAD daily forecast

April 10, 2014 7:37 am
During yesterday’s trading session GBP/CAD traded within the range of 1.8213-1.8334 and closed at 1.8282. At 7:35 GMT today GBP/CAD was losing 0.02% for the day to trade at 1.8270. The pair touched a daily low at 1.8256 at 6:40 GMT. Fundamental view United Kingdom At 11:00 GMT Bank of England is to announce its […] Read more

Forex Market: GBP/USD daily forecast

April 10, 2014 7:08 am
During yesterday’s trading session GBP/USD traded within the range of 1.6724-1.6802 and closed at 1.6800. At 7:04 GMT today GBP/USD was gaining 0.02% for the day to trade at 1.6796. The pair touched a daily high at 1.6820 at 1:00 GMT. Fundamental view United Kingdom At 11:00 GMT Bank of England is to announce its […] Read more

Forex Market: USD/NOK daily forecast

April 10, 2014 6:47 am
During yesterday’s trading session USD/NOK traded within the range of 5.9314-5.9782 and closed at 5.9356. At 6:45 GMT today USD/NOK was losing 0.02% for the day to trade at 5.9354. The pair touched a daily low at 5.9292 at 1:10 GMT. Fundamental view Norway Norways annualized index of consumer prices (CPI) probably remained unchanged at […] Read more

Forex Market: USD/SEK daily forecast

April 10, 2014 6:33 am
During yesterday’s trading session USD/SEK traded within the range of 6.4679-6.5266 and closed at 6.4834. At 6:31 GMT today USD/SEK was gaining 0.07% for the day to trade at 6.4873. The pair touched a daily high at 6.4908 at 5:15 GMT. Fundamental view Swedens annualized index of consumer prices (CPI) probably fell 0.3% in March, […] Read more

Forex Market: EUR/GBP daily forecast

April 10, 2014 6:18 am
During yesterday’s trading session EUR/GBP traded within the range of 0.8231-0.8256 and closed at 0.8246. At 6:17 GMT today EUR/GBP was losing 0.05% for the day to trade at 0.8246. The pair touched a daily low at 0.8241 at 1:50 GMT. Fundamental view Euro zone The annualized index of consumer prices in France probably slowed […] Read more

Forex Market: USD/CAD touches seven-week lows ahead of Fed minutes

April 9, 2014 2:45 pm
The loonie, as the Canadian dollar is best known, advanced to the strongest level in seven weeks against its US counterpart, as market players awaited the release of the Federal Reserve minutes from its latest policy meeting later in the day to gauge the future direction of US monetary policy. USD/CAD touched a session low […] Read more

Forex Market: NZD/USD daily forecast

April 9, 2014 11:16 am
During yesterday’s trading session NZD/USD traded within the range of 0.8606-0.8682 and closed at 0.8667. At 11:12 GMT today NZD/USD was gaining 0.16% for the day to trade at 0.8688. The pair breached the first key resistance and touched a daily high at 0.8708 at 1:45 GMT. Fundamental view United States At 18:00 GMT the […] Read more