November 26, 2013 12:18 pm
The USD/CNY traded unchanged, although air tension rises in the Chinese-Japanese conflict area. The spot rate for the yuan traded in Shanghai was steady at 6.0927, according to China Foreign Exchange Trade System. Support was likely to be received at November 20th low, 6.0916, while resistance was to be encountered at November 21st high, 6.1300. […]
Read moreNovember 26, 2013 9:40 am
Australian dollar snapped a four-day loss against its US counterpart on Tuesday, after Reserve Bank of Australias Deputy Governor Philip Lowe cooled recent speculation that the bank was close to intervention in the currency market, as the bar for such a move was high. AUD/USD touched a session high at 0.9204 at 7:40 GMT, after […]
Read moreNovember 26, 2013 8:39 am
EUR/USD hit a one-week high after the statement of the Governor of Peoples Bank of China (PBOC), Zhou Xiaochuan, made in Beijing earlier today. The EUR/USD reached a session high at 1.3571 at 8:25 GMT, gaining 0.39% on a daily basis. Support was likely to be found at November 25th low, 1.3490, while resistance was […]
Read moreNovember 26, 2013 8:13 am
US dollar snapped a three-day advance against the Japanese yen on Tuesday, after the minutes of Bank of Japans (BoJ) most recent policy meeting revealed that some policymakers saw greater downside risks to nations economy, while the majority saw a balanced risk. USD/JPY fell to a daily low at 101.34 at 0:20 GMT, after which […]
Read moreNovember 25, 2013 3:23 pm
US dollar preserved gains against its Canadian counterpart on Monday, despite the index of pending home sales in the United States dropped in October, while crude oil futures plunged after a deal on Iranian nuclear program has been struck, which pressured demand for the Canadian currency. Having touched its highest point since July 8th at […]
Read moreNovember 25, 2013 1:31 pm
Indian rupee appreciated against the US dollar following yesterdays Iran agreement to curtail nuclear activities in exchange to easing of some sanctions on precious metals, oil, gold and auto parts. This is a historical moment, after a decade-long deteriorated economic and political conditions between the West and the Islamic country. The USD/INR hit a session […]
Read moreNovember 25, 2013 1:16 pm
The euro fell sharply to daily lows against the US dollar on Monday, after European Central Bank board member and Bank of Estonia Governor Ardo Hansson said that the central bank does not rule out the possibility of a new rate cut. EUR/USD touched a session low at 1.3508 at 10:25 GMT, after which consolidation […]
Read moreNovember 25, 2013 10:59 am
US dollar advanced to highs unseen in six months against the Japanese yen on Monday, as demand for safe haven assets, such as the yen, decreased after an agreement has been reached to set limits on Iranian nuclear program. USD/JPY climbed to a session high at 101.92 at 6:00 GMT, also the pairs highest point […]
Read moreNovember 25, 2013 10:19 am
The sterling reached its highest level in one month against the U.S. dollar, following the release of the report on loans for house purchase by the British Bankers Association (BBA). The GBP/USD reached a session low at 1.6185 at 9:29 GMT, losing 0.23% on a daily basis. Support was likely to be found at November […]
Read moreNovember 25, 2013 9:10 am
The euro lost ground against the US dollar on Monday, as markets awaited the release of the report on Pending Home Sales out of the United States. EUR/USD hit a session low at 1.3534 at 8:30 GMT, losing 0.2% on a daily basis. Support was likely to be found at November 22nd low, 1.3463, while […]
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