December 9, 2013 3:16 pm
The loonie, as the Canadian dollar is known, declined on Monday against its US counterpart amid bets the Fed might taper as early as next week. Speculations arouse that Fed officials, speaking later today may signal a Fed tapering is just around the corner. USD/CAD hit a session high at 1.0670 at 14:38 GMT, having […]
Read moreDecember 9, 2013 1:27 pm
The euro advanced to the strongest level against the US dollar, as Fridays better-than-expected labor market data fueled risk appetite, making the demand for safe-haven currencies like the US dollar less attractive. Meanwhile, released economic indicators in Germany and the Euro zone showed an uneven economic recovery in the 17-nations common area. Having hit the […]
Read moreDecember 9, 2013 8:41 am
The yen fell against the US dollar as the Japanese economy slowed its growth in the third quarter. USD/JPY hit a session high at 103.18 at 08:18 GMT, gaining 0.31% on a daily basis. Support was likely to be received at December 6th low, 101.72, while resistance was to be encountered at December 3rd high, […]
Read moreDecember 9, 2013 8:09 am
Australian dollar lost ground against its US counterpart on Monday on speculation that Australias economic growth may be lagged in comparison with growth US economy has recently demonstrated. AUD/USD slipped to a session low at 0.9074 at 7:25 GMT, after which consolidation followed at 0.9079, losing 0.27% for the day. Support was likely to be […]
Read moreDecember 8, 2013 1:14 pm
US dollar retreated to lows unseen in six weeks against the Swiss franc on Friday, despite the optimistic employment data, released out of the United States. USD/CHF reached a session low at 0.8913 at 20:30 GMT, also the pairs lowest point since October 25th, after which it closed at 0.8920 on Friday, falling 0.52% on […]
Read moreDecember 7, 2013 4:30 pm
US dollar sharply gained ground and preserved its advance against the Japanese yen during the late phase of US session on Friday, after reports showed an outstanding data regarding non-farm payrolls and consumer confidence in the United States. USD/JPY rose to a session high at 102.96 at 19:25 GMT, after which the pair closed at […]
Read moreDecember 7, 2013 3:12 pm
The loonie, as the Canadian dollar is known, declined for a third week against its US counterpart, after BoCs announcement that interest rates may stay lower for a prolonged period of time, in contrast with the Feds decision to let borrowing costs rise by cutting its bond-purchasing program “in the coming months”. Having hit a […]
Read moreDecember 6, 2013 3:04 pm
USD/CAD snapped a multi-year high to trade little changed on brightened US economy outlook. Meanwhile, the Canadian indicators, pressured the earlier advances. Having hit a session high at 1.0707 at 13:30 GMT, the highest since May 2010, USD/CAD traded little changed. The pair traded at 1.0658 at 14:47 GMT. Support was likely to be received […]
Read moreDecember 6, 2013 12:54 pm
Having hit a 5-week high on Thursday, today the euro traded little changed against the US dollar. EUR/USD traded at 1.3671 by 12:53 GMT, gaining 0.01% on a daily basis. Support was likely to be received at December 5th low, 1.3544, while resistance was to be encountered at October 31st high, 1.3738. The German Economy […]
Read moreDecember 6, 2013 10:34 am
The sterling advanced against the US dollar, after the HBOS reported its Housing Prices index, amid growing inflationary expectations. GBP/USD reached a session high at 1.6360 at 10:21 GMT, gaining 0.21% for the day, having hit on Monday 1.6442, the highest level in 27 months. Support was likely to be received at December 5th low, […]
Read more