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Forex Market: EUR/JPY edges higher following upbeat French PMI data

March 24, 2014 8:43 am
The euro snapped two day of losses against the Japanese yen, after preliminary data showed manufacturing activity in the second-largest euro zone economy, France, expanded at the fastest pace in almost three years in March, boosting demand for the 18-nation common currency. EUR/JPY hit a session high at 141.88 at 08:10 GMT, after which the […] Read more

Forex Market: USD/SEK daily outlook

March 24, 2014 8:36 am
During Friday’s trading session USD/SEK traded within the range of 6.4041-6.4391 and closed at 6.4240. At 8:24 GMT today USD/SEK was losing 0.13% for the day to trade at 6.4154. The pair touched a session low at 6.4128 at 6:30 GMT. Fundamental view Manufacturing activity in the United States probably slowed down in March. The […] Read more

Forex Market: USD/CHF daily outlook

March 24, 2014 8:15 am
During Friday’s trading session USD/CHF traded within the range of 0.8362-0.8400 and closed at 0.8393. At 8:05 GMT today USD/CHF was losing 0.07% for the day to trade at 0.8824. The pair touched a session low at 0.8816 at 8:00 GMT. Fundamental view Manufacturing activity in the United States probably slowed down in March. The […] Read more

Forex Market: EUR/CAD daily outlook

March 24, 2014 7:52 am
During Friday’s trading session EUR/CAD traded within the range of 0.8362-0.8400 and closed at 0.8393. At 7:45 GMT today EUR/CAD was gaining 0.15% for the day to trade at 1.5505. The pair touched a session high at 1.5514 at 6:15 GMT. Fundamental view Frances preliminary manufacturing PMI (Purchasing Managers Index) probably remained in the zone […] Read more

Forex Market: EUR/CHF daily outlook

March 24, 2014 7:41 am
During Friday’s trading session EUR/CHF traded within the range of 1.2166-1.2186 and closed at 1.2179. At 7:33 GMT today EUR/CHF was gaining 0.09% for the day to trade at 1.2190. The pair touched a session high at 1.2191 at 7:30 GMT. Fundamental view Frances preliminary manufacturing PMI (Purchasing Managers Index) probably remained in the zone […] Read more

Forex Market: EUR/GBP daily outlook

March 24, 2014 7:27 am
During Friday’s trading session EUR/GBP traded within the range of 0.8344-0.8371 and closed at 0.8366. At 7:18 GMT today EUR/GBP was gaining 0.05% for the day to trade at 0.8370. The pair touched a session high at 0.8374 during early Asian session. Fundamental view Frances preliminary manufacturing PMI (Purchasing Managers Index) probably remained in the […] Read more

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

March 23, 2014 9:02 am
The euro snapped six weeks of advances against the US dollar, the longest winning stretch in more than six years, as the Federal Reserve signaled it is moving toward raising borrowing costs, while further trimming monetary stimulus. EUR/USD touched a session high at 1.3811 at 13:45 GMT, after which the pair settled at 1.3794 on […] Read more

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

March 22, 2014 3:38 pm
Australian dollar traded in proximity to its highest point for the day against the US rival during late US session on Friday, after on Thursday an index of economic surprises for Australia by Citigroup climbed to highs unseen in ten months, which continued to support the Aussie. AUD/USD climbed to a daily high at 0.9100 […] Read more