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Outlook for EUR/USD cross during the upcoming week

January 11, 2014 4:27 pm
The euro advanced against the US dollar on Friday, after data showed US non-farm payrolls disappointed in December, raising concerns the Federal Reserve may have to reconsider the pace of scaling back its monetary stimulus. EUR/USD reached a session high at 1.3684 at 15:00 GMT, after which it closed at 1.3669 on Friday, adding 0.45% […] Read more

AUD/USD hits one-month highs as US non-farm payrolls disappoint

January 11, 2014 2:03 pm
Australian dollar rose to highs unseen in one month against its US counterpart during late US session on Friday, after the keenly anticipated non-farm payrolls report introduced disappointment, which may urge the Federal Reserve Bank to reconsider the pace of scaling back its monetary stimulus. AUD/USD advanced to a session high at 0.9005 at 20:35 […] Read more

GBP/USD retreats on disappointing UK manufacturing data

January 10, 2014 10:35 am
The pound declined against the US dollar on Friday, after UK manufacturing production data disappointed. Meanwhile, investors awaited the release of US non-farm payrolls later in the day. Having reached a session low at 1.6402 at 10:14 GMT, GBP/USD traded at 1.6413 at 10:32 GMT, losing 0.41% on a daily basis. Support was likely to […] Read more

EUR/USD trades steadily ahead of US non-farm payrolls data

January 10, 2014 9:18 am
The euro was steady against the US dollar on Friday, as investors awaited the release of a report on US non-farm payrolls. Having reached a session high at 1.3620 at 06:25 GMT, EUR/USD traded little changed at 1.3603 at 09:09 GMT, losing 0.04% for the day. Support was likely to be received at January 9th […] Read more

AUD/USD little changed, poised for a weekly drop

January 10, 2014 7:53 am
Australian dollar traded little changed and was set for a weekly drop against its US counterpart on Friday ahead of the release of US non-farm payrolls report, which may urge the Federal Reserve Bank to continue tapering its monetary stimulus. AUD/USD reached a daily low at 0.8876 at 1:05 GMT, after which consolidation followed at […] Read more

EUR/USD hits fresh 1-month lows following Mario Draghi’s comments

January 9, 2014 2:01 pm
The euro erased earlier advances against the US dollar, plunging to 1-month lows after the comments of the ECB President Mario Draghi. EUR/USD hit a session low at 1.3632 at 13:52 GMT, losing 0.15% for the day, also the pairs lowest since December 5th. Support was likely to be received at January 8th low, 1.3554, […] Read more

GBP/USD trades little changed after BoE holds policy steady

January 9, 2014 1:07 pm
The pound traded little changed, close to 1-week high, following BoEs decision to keep its policy unchanged. Having reached a session high at 1.6480 at 08:00 GMT, GBP/USD traded little changed at 1.6458 at 13:00 GMT, gaining 0.05% on a daily basis. Support was likely to be received at January 8th low, 1.6377, while resistance […] Read more

USD/CAD touches highs unseen since May 2010

January 9, 2014 10:27 am
The loonie, as the Canadian dollar is best known, weakened against its US counterpart to the lowest level in more than three years, following the statement of Stephen Poloz, Governor of Bank of Canada. Having reached a session high at 1.0845 at 05:25 GMT, USD/CAD traded at 1.0843 at 10:25 GMT, gaining 0.20% for the […] Read more

AUD/USD retreats on Fed taper outlook

January 9, 2014 8:02 am
Australian dollar traded lower against its US counterpart on Thursday on speculation that US non-farm payrolls report on Friday may urge the Federal Reserve Bank to continue scaling back its monetary stimulus. AUD/USD touched a session low at 0.8866 at 2:10 GMT, after which consolidation followed at 0.8878, falling 0.25% for the day. Support was […] Read more