May 21, 2013 9:31 am
Earlier today official data came out, regarding production cycle prices in Germany, which showed deceleration during April. Major reason for this decline was the dropping oil prices, as Producer Price Index (PPI) reached three year low on annual basis. PPI decreased in value by rate of 0.2% during April, while estimates showed barely a 0.1% […]
Read moreMay 21, 2013 9:00 am
British pound lowered below 1.5200 against US dollar on release of the crucial consumer price index data from UK today. GBP/USD pair reached 1.5171, currently sessions lowest value. Resistance levels were expected at 1.5255-1.5275, while the pair was likely to be supported at 1.5180-1.5160. It was reported that Consumer Price Index (CPI) in UK slowed […]
Read moreMay 21, 2013 8:06 am
British pound showed a slight change in positions against US dollar, right before the official report, regarding Consumer Price Index (CPI) in the United Kingdom. Economists expect a slow down in inflation rate. British currency regained strength after almost six week low versus US dollar yesterday, after news of rising asking prices of UK houses […]
Read moreMay 21, 2013 7:37 am
USD/JPY pair managed to recover from losses from the last trading session. The cross reached 102.77 during the final hours of the Asian session. Support levels were expected at 102.06, lowest value for the whole session, while the pair was likely to meet resistance at 103.00-03. On Sunday Japanese Economy Minister, Akira Amari announced that […]
Read moreMay 21, 2013 7:02 am
Euro zone common currency increased its value against the US dollar during early European trade session, after the pair hit highest value since May 16th during Asian session at 1.2904. Speculations arose whether gains would remain limited before FED minutes on Wednesday. EUR/USD pair is being traded at 1.2885-89 at the moment of the present […]
Read moreMay 21, 2013 6:34 am
US dollar increased value against major peers, as EUR/USD pair fell to 1.2872 during Asian trade session on Tuesday. Yesterday Czech Republic President Milos Zeman announced that the country was ready to adopt the euro currency within five years. Czech Republic, already an European Union member, is experiencing the worst recession since 1996. Another pair, […]
Read moreMay 20, 2013 2:17 pm
It was reported, according to a survey of business economists, that Consumer Spending in United States was expected to increase this year. Their February forecast of US Gross Domestic Product (GDP) to expand by 2.4% this year and by 3% during next, was confirmed again. The survey was released today by the National Association for […]
Read moreMay 20, 2013 12:57 pm
US dollar retreated against the Japanese yen during the late European session, with Japanese Economy Minister, Akira Amari, took a statement that national currency was at satisfactory levels. The pair traded at four and a half year high, but reduced positions to 102.55. The Japanese currency was supported after the announcement of Japans Economy Minister, […]
Read moreMay 20, 2013 10:15 am
USD/CHF pair lowered during Monday trade session, as investors preferred to take their profits, after the expansion the US dollar had shown recently and in expectation of short-term exit of FEDs easing program. The cross stood at 0.9676 during this mornings session in Europe, which was the lowest value for the session. Support levels were […]
Read moreMay 20, 2013 9:03 am
It was reported earlier that Italys Industrial Orders registered a rise by 1.6% during March, compared to preceding month, which turned out to be for the first time for the last five months. Foreign orders increased by 3.6% monthly, while domestic ones rose by seasonally adjusted 0.2%. Official data showed that Industrial Orders declined by […]
Read more