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Outlook for EUR/USD during the upcoming week

February 9, 2014 3:16 pm
The euro advanced to one-week high against the US dollar on Friday, after a government report revealed US employment increased at a lower-than-expected pace in January. EUR/USD reached a one-week high at 1.3642 at 13:30 GMT, after which it settled at 1.3635 on Friday, adding 0.32% for the day. The pair settled the week 1.1% […] Read more

Outlook for AUD/USD during the upcoming week

February 8, 2014 5:51 pm
Australian dollar traded slightly higher against its US counterpart during late US session on Friday, after an official report showed employment in the United States increased at a lesser than expected pace in January, while unemployment rate diminished. Having touched daily highs at 0.8999 at 13:57 GMT, also the highest point since January 14th, AUD/USD […] Read more

USD/CAD touches two-week lows on disappointing US jobs data

February 7, 2014 2:48 pm
The loonie, as the Canadian dollar is best known, advanced to more than two-week high against its US counterpart, after data showed the US employers added fewer jobs in January than analysts had expected. Meanwhile, loonies demand was supported by lower unemployment level and more full-time employees hired in January. USD/CAD reached a session low […] Read more

GBP/USD advances as the UK trade deficit narrows to 1-1/2-year low

February 7, 2014 10:14 am
The pound advanced against the US dollar on Friday, as a government report revealed the UK trade deficit unexpectedly narrowed to the lowest level in almost 1-1/2 years. GBP/USD hit a session low at 1.6303, after which the pair advanced 0.08% to trade at 1.6336 at 10:10 GMT. Support was likely to be received at […] Read more

AUD/USD reverses earlier gains ahead of US non-farm payrolls report

February 7, 2014 8:12 am
Australian dollar fell against its US rival on trading Friday, as markets expect the Federal Reserve Bank to continue scaling back its monetary stimulus and ahead of the keenly anticipated non-farm payrolls report, which may show that job gain accelerated in January. AUD/USD slid to a session low at 0.8922 at 1:17 GMT, after which […] Read more

EUR/USD hits one-week highs after ECB decision to keep interest rates

February 6, 2014 2:56 pm
The euro advanced to one-week highs against the US dollar on Thursday, following Mario Draghis comments that the euro zone will not experience deflation, after the European Central Bank (ECB) decided to maintain its benchmark interest rate at the current record low level. EUR/USD hit a one-week high at 1.3619 at 14:15 GMT, after which […] Read more

GBP/USD trades lower after Bank of England leaves borrowing costs on hold

February 6, 2014 1:22 pm
The pound preserved daily losses against the US dollar on Thursday, following Bank of Englands decision to keep its benchmark interest rate and asset purchase facility program unchanged in February. GBP/USD was losing 0.16% on a daily basis to trade at 1.6284 at 13:18 GMT. It touched a daily low at 1.6273 at 11:50 GMT. […] Read more

USD/JPY trades little changed on mixed US data

February 6, 2014 9:30 am
The yen traded little changed against the US dollar, as lower US company employment levels were offset by higher-than-anticipated growth in the services sector. USD/JPY hit 2-1/2 month lows on Tuesday amid a slump in emerging markets. USD/JPY hit a session low at 101.33 at 08:31 GMT, after which consolidation followed at 101.43, losing 0.02%. […] Read more

AUD/USD touches three-week highs as Australian trade balance emerges with a surplus

February 6, 2014 8:02 am
Australian dollar rose to highs unseen in three weeks against its US counterpart on trading Thursday, following a report to show Australia recorded an unexpected surplus on its trade balance in December. AUD/USD climbed to a daily high at 0.8980 at 0:58 GMT, also the pairs highest point since January 14th, after which consolidation followed […] Read more