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Forex Market: USD/CHF daily outlook

March 27, 2014 7:51 am
During yesterday’s trading session USD/CHF traded within the range of 0.8830-0.8870 and closed at 0.8850. At 7:49 GMT today USD/CHF was gaining 0.13% for the day to trade at 0.8862. The pair touched a daily high at 0.8864 at 7:44 GMT. Fundamental view United States final annualized Gross Domestic Product probably expanded 2.7% during the […] Read more

Forex Market: EUR/GBP daily outlook

March 27, 2014 7:37 am
During yesterday’s trading session EUR/GBP traded within the range of 0.8311-0.8364 and closed at 0.8316. At 7:35 GMT today EUR/GBP was losing 0.06% for the day to trade at 0.8309. The pair touched a daily low at 0.8306 at 7:32 GMT. Fundamental view Retail sales in the United Kingdom probably rose at a monthly pace […] Read more

Forex Market: USD/NOK daily outlook

March 27, 2014 7:26 am
During yesterday’s trading session USD/NOK traded within the range of 6.0273-6.0545 and closed at 6.0470. At 7:23 GMT today USD/NOK was losing 0.06% for the day to trade at 6.0460. The pair touched a daily low at 6.0446 at 0:45 GMT. Fundamental view At 9:00 GMT the Norges Bank will announce its decision on interest […] Read more

Forex Market: USD/CAD pares daily losses following upbeat US durable goods report

March 26, 2014 3:48 pm
The loonie, as the Canadian dollar is best known, pared daily advances against its US counterpart after data showed durable goods orders rose more-than-expected last month, fueling optimism over the US economic outlook. USD/CAD touched a session low at 1.1124 at 09:30 GMT, after which the pair trimmed daily losses to trade at 1.1154 at […] Read more

Forex Market: EUR/USD declines a second day on ECB easing speculation

March 26, 2014 10:59 am
The euro fell for a second day against the US dollar, following a speculation the European Central Bank may signal additional monetary stimulus next week, to bolster the economy. EUR/USD touched a session low at 1.3790 at 08:50 GMT, after which the pair consolidated at 1.3801. losing 0.18% for the day. Support was likely to […] Read more

Forex Market: NZD/USD daily outlook

March 26, 2014 9:07 am
During yesterday’s trading session NZD/USD traded within the range of 0.8533-0.8589 and closed at 0.8572. At 9:06 GMT today NZD/USD was gaining 0.37% for the day to trade at 0.8606. The pair touched a daily high at 0.8610 at 8:47 GMT. Fundamental view Durable goods orders in the United States probably increased 1.0% in February, […] Read more

Forex Market: AUD/USD hits fresh 4-month highs following RBA Governor’s comments

March 26, 2014 8:39 am
The Aussie advanced to the strongest level in more than four months against its US counterpart on Wednesday, after Reserve Bank of Australia Governor Glenn Stevens said there were early signs of a transition from a mining-driven demand to domestic consumption and that the economy may strengthen later this year. AUD/USD hit a session high […] Read more

Forex Market: USD/NOK daily outlook

March 26, 2014 8:31 am
During yesterday’s trading session USD/NOK traded within the range of 6.0125-6.0578 and closed at 6.0302. At 8:25 GMT today USD/NOK was gaining 0.11% for the day to trade at 6.0343. The pair touched a daily high at 6.0401 at 7:38 GMT. Fundamental view Durable goods orders in the United States probably increased 1.0% in February, […] Read more