December 11, 2013 2:37 pm
The euro touched fresh six-week highs against the greenback and advanced for a sixth day, registering the longest string of gains since December 2012. The euro was supported by ECB Vice-president comments. EUR/USD hit a session high at 1.3796 at 14:19 GMT, gaining 0.25% on a daily basis. Support was likely to be received at […]
Read moreDecember 11, 2013 10:35 am
The sterling fell on Wednesday, after closing at the strongest level in more than two years against the greenback yesterday, ahead of BoE policy maker Martin Weales speech. GBP/USD reached a session low at 1.6391 at 10:17 GMT, losing 0.33% for the day. Yesterday the pair closed at the highest level since August 2011. Support […]
Read moreDecember 11, 2013 8:23 am
The yen rebounded from yesterdays 6-1/2-month lows against the US dollar on upbeat data from Japans machinery industry. USD/JPY hit a session low at 102.41 at 07:46 GMT, losing 0.41% for the day. Support was likely to be received at December 6th low, 101.72, while resistance was to be encountered at December 10th high, 103.39. […]
Read moreDecember 11, 2013 8:10 am
Australian dollar fell against its US counterpart on trading Wednesday, after Westpac – Melbourne Institute published the results of a survey on consumer sentiment in Australia, which showed that the corresponding index dropped in December. AUD/USD reached a session low at 0.9116 at 6:45 GMT, after which consolidation followed at 0.9118, losing 0.34% for the […]
Read moreDecember 10, 2013 2:40 pm
The euro advanced to six-week highs against the US dollar amid ECB Governors comments and rising optimism in the Euro zone. EUR/USD reached a session high at 1.3774 by 14:30, gaining 0.24% for the day, the strongest since the end of October. Support was likely to be received at December 9th low, 1.3695, while resistance […]
Read moreDecember 10, 2013 10:45 am
The sterling advanced against the US dollar, after a number of UK reports signaled that the British economic recovery is deepening. Having reached the strongest level since August 2011 at 1.6466 by 04:40 GMT, GBP/USD traded at 1.6454, gaining 0.16% on a daily basis, by 10:44 GMT. Support was likely to be found at December […]
Read moreDecember 10, 2013 8:07 am
The Japanese yen declined to the lowest level in a 6-1/2 months against the greenback, following increased odds for a Fed taper on FOMCs December 17-18th policy meeting amid shrinking Japanese activity in the services sector. USD/JPY reached a session high at 103.39 at 06:59 GMT. The pair snapped daily gains to trade at 103.25 […]
Read moreDecember 10, 2013 7:44 am
Australian dollar preserved losses against its US rival on Tuesday, after a survey on business confidence and business conditions in Australia, conducted by the National Australia Bank (NAB), revealed mixed results. AUD/USD slid to a session low at 0.9076 during the early phase of Asian trade, after which consolidation followed at 0.9096, losing 0.16% for […]
Read moreDecember 9, 2013 3:16 pm
The loonie, as the Canadian dollar is known, declined on Monday against its US counterpart amid bets the Fed might taper as early as next week. Speculations arouse that Fed officials, speaking later today may signal a Fed tapering is just around the corner. USD/CAD hit a session high at 1.0670 at 14:38 GMT, having […]
Read moreDecember 9, 2013 1:27 pm
The euro advanced to the strongest level against the US dollar, as Fridays better-than-expected labor market data fueled risk appetite, making the demand for safe-haven currencies like the US dollar less attractive. Meanwhile, released economic indicators in Germany and the Euro zone showed an uneven economic recovery in the 17-nations common area. Having hit the […]
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