May 23, 2013 8:55 am
GBP/USD pair reached session high versus US dollar during Thursday trade, after official GDP data from United Kingdom. The cross hit 1.5076 during European trade session, highest for today, after which consolidated at levels around 1.5070. Support was expected at 1.5012, lowest value for current session, while the pair was to meet resistance at 1.5100. […]
Read moreMay 23, 2013 8:24 am
USD/JPY pair decreased in value during Thursday trade session, as Japanese bond yields reached one year highs and data showed that China’s manufacturing sector shrank for the first time in seven months during May. The pair fell to 101.42 during Asian session, which was lowest value since May 14th, after which recorded certain gains, increasing […]
Read moreMay 23, 2013 7:47 am
EUR/USD pair rose gradually to a session high at 1.2878 during European trade session, after Purchasing Managers Index data was released for France and Germany. The pair was expected to find support at 1.2800-1.2775, while resistance levels were expected near yesterday session highest value, at 1.2998-1.3020. Earlier it was reported that Advance Manufacturing Purchasing Managers […]
Read moreMay 22, 2013 4:16 pm
The euro registered a sharp jump against US dollar during early American session, reaching 1.2998, highest value for todays trade, after which lost gained positions, falling down to 1.2862. Major reason was FED Chairman Ben Bernankes testimony earlier today, as he remarked FED could not tighten easing policy yet. EUR/USD was expected to receive support […]
Read moreMay 22, 2013 3:07 pm
FED Chairman Ben Bernanke expressed his support of the continuing economic easing policy in his speech at FEDs May meeting today. According to his statement, such course had been favorable for US Economy, but he also warned that Federal Reserve Bank could not compensate negative influence, imposed by federal budget restraints. Bernanke announced that while […]
Read moreMay 22, 2013 1:18 pm
USD/CAD pair registered a sharp rise to ten-week high during European afternoon trade, after disappointing Retail Sales data from Canada. The pair rose to 1.0332. Resistance levels were expected at 1.0355, while support was to be received at 1.0220. Official data was announced today, regarding Canada Retail Sales, as it became clear that this indicator […]
Read moreMay 22, 2013 12:46 pm
EUR/CHF pair advanced to two-year high during Wednesday trade session, after Swiss National Bank (SNB) Chairman Thomas Jordan announced that SNB would stick to EUR/CHF cap at 1.2000 and the possibility of negative interest rates if that was necessary. The pair hit 1.2614 during afternoon session in Europe, which was highest value since May 20th […]
Read moreMay 22, 2013 12:11 pm
During Wednesday European session the euro gained positions versus US dollar as markets focused on FED chairman Ben Bernanke statement at the U.S. Joint Economic Committee today. The pair traded above 1.2900, as during the early hours of European trade session EUR/USD increased to 1.2939, and during the afternoon phase of the session reached 1.2957. […]
Read moreMay 22, 2013 9:55 am
Euro currency registered an expansion against the British pound on Wednesday trade session to one month high after official data from UK showed that Retail Sales sunk during April. EUR/GBP pair rose to 0.8578 during European session, highest value since April 22nd. EUR/GBP was expected to receive support at 0.8513, lowest value for current session, […]
Read moreMay 22, 2013 8:54 am
Minutes ago was reported that Retail Sales in United Kingdom registered a drop by 1.3% during April on a monthly basis, distancing from estimated value for a 0.1% increase and further deteriorating in comparison with official data during previous month, which showed a decline by 0.6%. GBP/USD pair erased earlier gains and dropped sharply from […]
Read more