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EUR/USD pares daily advances following upbeat US retail sales

January 14, 2014 2:38 pm
The euro trimmed earlier advances against the US dollar, as data showed US retail sales increased more than expected in December, supporting the worlds largest economy at the end of 2013. Having reached a session high at 1.3699 at 08:45 GMT, EUR/USD pared earlier advances to trade little changed at 1.3672 at 14:30 GMT. Support […] Read more

GBP/USD trims daily advances as UK inflation misses target

January 14, 2014 10:24 am
The pound erased daily advances against the US dollar after data showed the UK inflation unexpectedly slowed its annual pace in December to the lowest level since November 2009. Having reached a session high at 1.6448 at 09:27 GMT, GBP/USD trimmed daily advances to trade at 1.6399 at 10:23 GMT, adding 0.09% on a daily […] Read more

AUD/USD retreats from one-month highs ahead of US retail sales report

January 14, 2014 7:59 am
Australian dollar slid from highs unseen in a month against its US counterpart on Tuesday ahead of the release of US retail sales report later in the day, while the Aussie may be tempered also ahead of the employment data, due out on January 16th from Australia. AUD/USD touched a session low at 0.9020 at […] Read more

USD/CAD retreats from 4-year highs on slightly improved Canadian economic outlook

January 13, 2014 4:00 pm
The US dollar pulled back from 4-month highs against its Canadian counterpart, after BoC released the results from its business outlook survey, which showed some positive signs for the Canadian economic outlook. Following the release, USD/CAD hit a session low at 1.0861 at 15:40 GMT, losing 0.28% on a daily basis. Support was likely to […] Read more

EUR/USD trades little changed, Fed stimulus in focus

January 13, 2014 10:36 am
The euro traded little changed against the US dollar on Monday, after worse-than-expected US employment data released on Friday lowered the bets for further Fed tapering. Having touched a session high at 1.3685 at 03:45 GMT, EUR/USD traded little changed at 1.3663 at 10:32 GMT, losing 0.04% for the day. Support was likely to be […] Read more

USD/JPY touches 3-week lows on Fed stimulus outlook

January 13, 2014 9:53 am
The yen touched highs unseen in three weeks against the US dollar, after worse-than-expected employment data released on Friday continued to pressure the greenback by lowering bets the Federal Reserve will further cut its monetary stimulus at FOMC’s upcoming meeting. Having hit a session low at 103.26 at 02:15 GMT, USD/JPY traded at 103.37 at […] Read more

AUD/USD close to one-month highs on job outlook in Australia

January 13, 2014 8:32 am
Australian dollar traded in proximity to highs unseen in one month against its US counterpart on Monday on prospects that jobs in Australia rose a second month in December before the official report, scheduled for release on January 16th, while US non-farm payrolls came short of expectations last Friday. AUD/USD climbed to a session high […] Read more

Outlook for USD/CHF during the upcoming week

January 12, 2014 11:18 am
US dollar retreated against the Swiss franc on Friday, after an official report revealed that US non-farm payrolls disappointed in December, raising concerns the Federal Reserve Bank may need to reconsider the pace of scaling back its monthly monetary stimulus. Having touched a session low at 0.9006 at 15:00 GMT, also the lowest point since […] Read more

Outlook for EUR/USD cross during the upcoming week

January 11, 2014 4:27 pm
The euro advanced against the US dollar on Friday, after data showed US non-farm payrolls disappointed in December, raising concerns the Federal Reserve may have to reconsider the pace of scaling back its monetary stimulus. EUR/USD reached a session high at 1.3684 at 15:00 GMT, after which it closed at 1.3669 on Friday, adding 0.45% […] Read more