January 8, 2014 1:53 pm
The yen hovered around 5-year lows against the US dollar, as a report by ADP revealed the US private sector added the largest number of workers since January 2012. Having reached a session high at 105.12 at 07:45 GMT, USD/JPY traded at 104.90 at 13:43 GMT, gaining 0.28% for the day. Support was likely to […]
Read moreJanuary 8, 2014 10:55 am
The euro declined against the US dollar on Wednesday as data showed unemployment in the euro zone remained at a record high in November. EUR/USD touched a session low at 1.3583 at 10:53 GMT, losing 0.24% for the day. Support was likely to be received at January 6th low, 1.3572, also the pair’s weakest since […]
Read moreJanuary 8, 2014 9:23 am
The pound advanced against the US dollar on Wednesday, ahead of the release of BoEs interest rate and Quantitative Easing (QE) decision, due tomorrow. GBP/USD touched a session high at 1.6429 at 09:12, gaining 0.17% for the day. On January 2nd the pair touched 1.6604, the strongest since August 2011. Support was likely to be […]
Read moreJanuary 8, 2014 8:15 am
Australian dollar traded lower against its US rival on Wednesday amid speculation that the Federal Reserve Bank may proceed with its plans to taper stimulus, as markets awaited the release of the minutes of Feds most recent policy meeting. AUD/USD touched a daily low at 0.8902 during the early phase of Asian trade, after which […]
Read moreJanuary 7, 2014 3:21 pm
The loonie, as the Canadian dollar is best known, declined against the US dollar, following a report that showed a gauge, which tracks the Canadian economic activity unexpectedly contracted to 34-month low in December. In addition, the nations trade deficit widened, adding to bearish statement, in contrast with the US trade deficit which narrowed to […]
Read moreJanuary 7, 2014 9:56 am
The euro traded little changed, close to 1-month low against the greenback, despite the upbeat data, coming from the largest euro zone economy, Germany. Having reached a session low at 1.3611 at 06:25 GMT, EUR/USD lost 0.05% to trade at 1.3621 at 09:50 GMT. Support was likely to be received at January 6th low, 1.3572, […]
Read moreJanuary 7, 2014 9:13 am
The yen declined against the US dollar on Tuesday after a report by BoJ showed progress in the central banks monetary stimulus, contrasting from the Federal Reserve policy, which is expected to end its bond-purchasing program at the end of the year. Having reached a session high at 104.62 at 03:40 GMT, USD/JPY traded at […]
Read moreJanuary 7, 2014 7:55 am
Australian dollar traded lower against its US counterpart on Tuesday, as a technical indicator signaled a reversal and despite that Australian trade balance produced a lesser than projected deficit in November. AUD/USD reached a daily low at 0.8912 at 5:05 GMT, after which consolidation followed at 0.8924, falling 0.49% for the day. Support was likely […]
Read moreJanuary 6, 2014 3:19 pm
The loonie, as the Canadian dollar is best known, declined against its US counterpart, following the comments of the Canadian Finance Minister, Jim Flaherty, who said the nations manufacturers may soon be helped by a weaker dollar. Having hit a session high at 1.0681 at 14:07 GMT, USD/CAD traded at 1.0671 by 15:17 GMT, adding […]
Read moreJanuary 6, 2014 12:20 pm
The sterling declined for a third day against the US dollar, following a report that showed UK services growth unexpectedly slowed its pace in December. Having reached a session low at 1.6338 at 09:35 GMT, GBP/USD traded at 1.6378 at 12:16 GMT, losing 0.25% on a daily basis. Support was likely to be received at […]
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