June 10, 2013 8:03 am
On Monday the dollar index rose for a second day in a row ahead of Federal Reserve of St. Louis President James Bullard statement, expected later in the day. Speculations were fueled that FED will embark on a slow down of its easing program on signals that economy began to improve. US dollar advanced against the […]
Read moreJune 10, 2013 6:39 am
French President Francois Hollande said to an audience of business leaders organized by the Nikkei media group in Japan on Saturday, that Euro zone crisis was over. “We have used various measures to address weaker nations. Member nations have tried to restore fiscal health. We have also established a banking federation. Due to these efforts, yields in […]
Read moreJune 7, 2013 2:51 pm
Canadian employers added the largest number of job posts since August 2002, nearly six times above projections, as half of them were in the sector of construction. The number of people employed rose by 95 000, far exceeding the expected 15 000. Unemployment rate in Canada fell to a three-month low in May at 7.1%, […]
Read moreJune 7, 2013 12:54 pm
Euro lowered against the US dollar on Friday after mixed data was released from the United States, fueling uncertainty over the future moves by FED, regarding its asset purchases. EUR/USD climbed as high as 1.3286 during European afternoon trade, highest for the current session, after which consolidation followed at 1.3230. Support was expected at May […]
Read moreJune 7, 2013 12:05 pm
Greeces economy continued to shrink at a steeper than projected rate during the first quarter of the year. Final data showed that Greek GDP reduced its value by 5.6% during Q1 on annual basis, more than the predicted 5.3% drop. Final Consumer Spending decreased by 8.3%, while the accumulated capital declined by 11.4%. Countrys trade […]
Read moreJune 7, 2013 9:44 am
British pound edged lower against the US dollar on Friday, still supported by good UK trade balance data, but market focus was on US Non-Farm Payrolls change, expected later in the day. GBP/USD slid to 1.5565 during European trade, currently the session low, after which consolidation followed at 1.5575. Support was expected at May 7th low, […]
Read moreJune 7, 2013 8:50 am
On Friday US dollar lost ground against the Japanese yen, as US currency was pressured down in expectation of the employment report from the United States. Some experts projected that it will show a slow down in the number of jobs added, as such possible result could postpone expectations that the Federal Reserve Bank will […]
Read moreJune 7, 2013 8:11 am
On Friday British pound gained ground against the US dollar, as markets await the crucial report on Non-Farm Payrolls and Unemployment Rate from the United States. Some experts expressed opinions that the report will show US private sector added job posts at a slower pace than projected during May. GBP/USD pair reached 1.5620 during late […]
Read moreJune 7, 2013 7:29 am
Euro continued its expansion against the US dollar on Friday, as markets focused on highly anticipated non-farm payrolls and unemployment indicators from the United States later in the day. EUR/USD pair hit 1.3269 during late Asian trade, currently session high, after which consolidation followed at 1.3250-1.3255. Support was expected at 1.3190-1.3210, while resistance was to […]
Read moreJune 6, 2013 2:44 pm
Euro reached a fresh new one-month high versus the US dollar on Thursday, as ECB kept the current course of monetary policy and after President Mario Draghis optimistic tone at the expected press conference today. EUR/USD hit 1.3175 during early American trade, currently the session high and highest since May 9th, after which consolidation followed […]
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