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USD/CAD edges lower after US data string, Fed minutes ahead

November 20, 2013 3:19 pm
US dollar edged lower against its Canadian counterpart on Wednesday, following the release of mixed economic data out of the United States, while markets awaited the minutes of Federal Reserve Banks policy meeting in October. USD/CAD recorded a session low at 1.0443 at 12:25 GMT, after which consolidation followed at 1.0447, losing 0.22% for the […] Read more

EUR/USD hits fresh session lows as US retail sales outstrip expectations

November 20, 2013 2:19 pm
The euro reached daily lows against the US dollar on Wednesday, after a report showed that retail sales in the United States rose more than projected in October, while core consumer price index came in line with preliminary estimates during the same month. EUR/USD slipped to a session low at 1.3515 at 13:31 GMT, after […] Read more

USD/CHF trades little changed after the ZEW report

November 20, 2013 1:26 pm
USD/CHF traded little changed after the release of the ZEW index by the Centre for European Economic Research. The pair reached a session high at 0.9118 at 9:55 GMT, after which consolidation followed at 0.9111, ticking up 0.01% on a daily basis. Support was to be found at November 18-th low at 0.9080, while resistance […] Read more

NZD/USD edges lower after Bernanke’s statement, New Zealand inflation data

November 20, 2013 10:47 am
NZD/USD edged lower, after the statement of Federal Reserve Chairman, Ben Bernanke and despite positive inflation data released out of New Zealand earlier. NZD/USD fell to a session low at 0.8323 at 8:38 GMT., losing 0.49% on a daily basis. Support was to be encountered at November 17-th low 0.8335, while resistance was to be […] Read more

GBP/USD off three-week highs after BoE minutes

November 20, 2013 10:32 am
Having climbed to highs, unseen in three weeks, against the US dollar, British pound pared its advance, following the publication of the minutes of Bank of Englands most recent policy meeting, at which the benchmark interest rate has been maintained at the current record low level of 0.50%. GBP/USD touched a session high at 1.6153 […] Read more

AUD/USD falls after Bernanke’s remarks

November 20, 2013 9:43 am
Australian dollar was demonstrating a retreat against its US counterpart on Wednesday, as Federal Reserve Chairman Ben Bernanke indicated that banks base interest rate may remain in proximity to zero long after asset purchases end, which triggered a broad support for the greenback. AUD/USD reached a session low at 0.9382 at 6:30 GMT, after which […] Read more