January 9, 2014 2:01 pm
The euro erased earlier advances against the US dollar, plunging to 1-month lows after the comments of the ECB President Mario Draghi. EUR/USD hit a session low at 1.3632 at 13:52 GMT, losing 0.15% for the day, also the pairs lowest since December 5th. Support was likely to be received at January 8th low, 1.3554, […]
Read moreJanuary 9, 2014 1:07 pm
The pound traded little changed, close to 1-week high, following BoEs decision to keep its policy unchanged. Having reached a session high at 1.6480 at 08:00 GMT, GBP/USD traded little changed at 1.6458 at 13:00 GMT, gaining 0.05% on a daily basis. Support was likely to be received at January 8th low, 1.6377, while resistance […]
Read moreJanuary 9, 2014 10:27 am
The loonie, as the Canadian dollar is best known, weakened against its US counterpart to the lowest level in more than three years, following the statement of Stephen Poloz, Governor of Bank of Canada. Having reached a session high at 1.0845 at 05:25 GMT, USD/CAD traded at 1.0843 at 10:25 GMT, gaining 0.20% for the […]
Read moreJanuary 9, 2014 8:02 am
Australian dollar traded lower against its US counterpart on Thursday on speculation that US non-farm payrolls report on Friday may urge the Federal Reserve Bank to continue scaling back its monetary stimulus. AUD/USD touched a session low at 0.8866 at 2:10 GMT, after which consolidation followed at 0.8878, falling 0.25% for the day. Support was […]
Read moreJanuary 8, 2014 1:53 pm
The yen hovered around 5-year lows against the US dollar, as a report by ADP revealed the US private sector added the largest number of workers since January 2012. Having reached a session high at 105.12 at 07:45 GMT, USD/JPY traded at 104.90 at 13:43 GMT, gaining 0.28% for the day. Support was likely to […]
Read moreJanuary 8, 2014 10:55 am
The euro declined against the US dollar on Wednesday as data showed unemployment in the euro zone remained at a record high in November. EUR/USD touched a session low at 1.3583 at 10:53 GMT, losing 0.24% for the day. Support was likely to be received at January 6th low, 1.3572, also the pair’s weakest since […]
Read moreJanuary 8, 2014 9:23 am
The pound advanced against the US dollar on Wednesday, ahead of the release of BoEs interest rate and Quantitative Easing (QE) decision, due tomorrow. GBP/USD touched a session high at 1.6429 at 09:12, gaining 0.17% for the day. On January 2nd the pair touched 1.6604, the strongest since August 2011. Support was likely to be […]
Read moreJanuary 8, 2014 8:15 am
Australian dollar traded lower against its US rival on Wednesday amid speculation that the Federal Reserve Bank may proceed with its plans to taper stimulus, as markets awaited the release of the minutes of Feds most recent policy meeting. AUD/USD touched a daily low at 0.8902 during the early phase of Asian trade, after which […]
Read moreJanuary 7, 2014 3:21 pm
The loonie, as the Canadian dollar is best known, declined against the US dollar, following a report that showed a gauge, which tracks the Canadian economic activity unexpectedly contracted to 34-month low in December. In addition, the nations trade deficit widened, adding to bearish statement, in contrast with the US trade deficit which narrowed to […]
Read moreJanuary 7, 2014 9:56 am
The euro traded little changed, close to 1-month low against the greenback, despite the upbeat data, coming from the largest euro zone economy, Germany. Having reached a session low at 1.3611 at 06:25 GMT, EUR/USD lost 0.05% to trade at 1.3621 at 09:50 GMT. Support was likely to be received at January 6th low, 1.3572, […]
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