June 3, 2013 7:57 am
On Monday US dollar registered a slide versus the yen on Japanese shares drop, which was contributed by weaker than projected PMI data from China. USD/JPY pair dropped to 100.14 during the late hours of Asian session, currently lowest for Monday trade, after which consolidation followed at 100.30. Support was expected at psychological 100.00 level, […]
Read moreJune 3, 2013 6:45 am
Australian dollar registered largest monthly drop in May since 2011, but today after the release of China manufacturing data, Aussie managed to recover positions. Official reports said that Chinese manufacturing sector accelerated, postponing concerns that slow down in Chinese economy would restrain demand for commodities. Australian dollar recorded gains against most of its major peers, […]
Read moreMay 31, 2013 2:51 pm
US dollar regained positions against the euro currency on Friday, after the release of positive economic data from United States, which called back expectations of FED tapering its easing program in near future. EUR/USD slid to session low at 1.2960 during early American session, after which consolidation followed at 1.2970. Support was meant to be […]
Read moreMay 31, 2013 1:05 pm
During European afternoon trade Canadian dollar registered gradual expansion against its US counterpart, after the release of strong data, regarding Canadian GDP. USD/CAD dropped to 1.0310, from previous levels around 1.0330-1.0339. Support was expected at 1.0285-1.0265, while resistance was to be encountered at 1.0365-1.0385. Minutes ago official report stated that Gross Domestic Product (GDP) in […]
Read moreMay 31, 2013 12:12 pm
On Friday official reports stated that Unemployment Rate in the single currency zone hit a new record high during April, while consumer prices inflation increased by a relatively low rate. Such situation could undeniably put pressure on European Central Bank to accelerate its growth-targeting policy and also keep the current course of cost reduction. It […]
Read moreMay 31, 2013 7:48 am
Earlier today official report announced that German Retail Sales declined for third consecutive month during April, as probably cold and rainy weather caused most consumers to reconsider their purchases, leaving them for the coming months. Retail Sales during April dropped by 0.4% on a monthly basis, disappointing estimations for a 0.2% rise, while the indicator […]
Read moreMay 31, 2013 7:16 am
Dollar index could record a weekly decline if official consumer data reports from United States announced weak results, implying stagnation in spending, as this could darken speculations that the Federal Reserve Bank would reduce scale of its easing program. Japanese yen retreated versus most of its major peers after Consumer Price Index (CPI) for Ku-area of […]
Read moreMay 30, 2013 2:23 pm
On Thursday after reaching session high against the Canadian dollar, US dollar lost ground after the release of disappointing economic data from United States. USD/CAD pair hit 1.0390, highest value for current session, but later recorded a drop to 1.0320 during early American trade. Support was likely to be received at 1.0305, lowest value from […]
Read moreMay 30, 2013 1:01 pm
US dollar lost positions widely against other major currencies on Thursday after the release of weak economic data, casting aside speculations that FED would reduce scale of its easing program. During European afternoon trade EUR/USD pushed higher, reaching 1.2980-1.2988. Minutes ago official reports stated that Initial Jobless Claims in United States rose to 354 000 during […]
Read moreMay 30, 2013 12:13 pm
Euro currency increased against US dollar, passing the psychological level earlier today, but as of late gains seemed limited. US dollar advanced versus its peers ahead of crucial economic data from United States. Having hit 1.3007 during European session, EUR/USD pair showed pull back, subsequently, falling down to 1.2952, but still on positive territory for […]
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