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EUR/USD advances on increased investors’ confidence

January 6, 2014 10:27 am
The euro advanced against the US dollar, rebounding from the previously touched 1-month low, following a report that showed the investors in the Euro area were most bullish in January in almost two years. Having hit a session low at 1.3572 at 06:05 GMT, EUR/USD traded at 1.3608 at 10:23 GMT, adding 0.14% for the […] Read more

Outlook for USD/CHF during the upcoming week

January 5, 2014 9:16 am
US dollar traded higher against the Swiss franc on Friday, after recent optimistic data out of the United States boosted speculation that the Federal Reserve Bank may taper further. USD/CHF touched a session high at 0.9058 at 20:45 GMT, also the pairs highest point since December 4th, after which the cross closed at 0.9052 on […] Read more

Outlook for EUR/USD during the upcoming week

January 4, 2014 3:36 pm
The euro declined against the US dollar on Friday, after recent upbeat US data reinforced speculation for further Fed tapering. EUR/USD reached a session low at 1.3583 at 20:55 GMT, the pairs lowest since December 5th, after which it closed at 1.3589, losing 0.6% for the day. Support was likely to be received at December […] Read more

USD/CAD loses ground during late US trade on Friday

January 4, 2014 8:39 am
US dollar weakened against its Canadian counterpart during the late phase of US trade on Friday amid bets that prices of raw materials have plunged to a low. USD/CAD reached a session low at 1.0602 at 13:15 GMT, after which the pair closed at 1.0636 on Friday, losing 0.31% for the day. Support was likely […] Read more

USD/JPY sets to snap nine weeks of advances

January 3, 2014 2:43 pm
The Japanese yen advanced against the US dollar on Friday and was poised for the first 5-day drop in 10 weeks on bets that its recent decline might have been excessive. USD/JPY touched a session low at 104.08 at 05:00 GMT,after which the pair consolidated at 104.36, declining 0.42% for the day. Support was likely […] Read more

GBP/USD trades little changed after positive UK data

January 3, 2014 10:12 am
GBP/USD traded little changed on Friday, after a number of positive reports were released in the UK. Yesterday, the pair touched the highest level since August 2011. Having reached a session high at 1.6464 at 08:10 GMT, GBP/USD traded little changed at 1.6462 by 10:02 GMT, gaining 0.05% for the day. Support was likely to […] Read more

EUR/USD loses ground on improved US economy outlook

January 3, 2014 9:26 am
The euro declined against the US dollar on Friday, after recent upbeat US data reinforced speculation for further Fed tapering. Having reached a session low at 1.3629 at 09:10 GMT, the pairs lowest since December 20th, EUR/USD consolidated at 1.3634, losing 0.27% for the day. Support was likely to be received at December 20th low […] Read more

AUD/USD recovers from recent drop on bets losses are excessive

January 3, 2014 8:03 am
Australian dollar traded higher against its US rival on Friday and was poised for the most considerable weekly advance in two months on bets that its recent drop might have been excessive. AUD/USD climbed to a session high at 0.8993 at 5:05 GMT, also the pairs highest point since December 12th, after which consolidation followed […] Read more

USD/CAD peaks higher on reinforced speculation for further Fed tapering

January 2, 2014 1:59 pm
The loonie, as the Canadian dollar is known, declined against its US counterpart on Thursday amid reinforced speculations that the Fed might taper its stimulus program further. Having hit a session high at 1.0662 at 12:05 GMT, USD/CAD traded at 1.0630 at 13:52, adding 0.08% for the day. Support was likely to be received at […] Read more