Fundamental Analysis

US dollar almost unchanged after economic data from the United States

US dollar remained almost unchanged close to 10-week low against the Japanese yen on Thursday as markets reflected the series of data from the United States. During late European trade, the greenback was trading close to its lowest level since April 4th versus the yen, with USD/JPY erasing 1.81% to hit 94.24. The Department of […] Read more

GBP/USD lowered after economic data from UK

British pound edged lower against the US dollar on Friday, still supported by good UK trade balance data, but market focus was on US Non-Farm Payrolls change, expected later in the day. GBP/USD slid to 1.5565 during European trade, currently the session low, after which consolidation followed at 1.5575. Support was expected at May 7th low, […] Read more

US dollar tumbled versus yen and euro after ADP report

US dollar fell to session low versus the Japanese yen on Wednesday and lost positions against the euro, after it became clear that US private sector opened fewer than expected job posts during May. During European afternoon trade, USD/JPY fell to 99.36, after reaching a session low at 99.13. Subsequently, the pair consolidated at 99.60. […] Read more

Retail Sales in Germany down for third consecutive month, France’s consumer spending weak

Earlier today official report announced that German Retail Sales declined for third consecutive month during April, as probably cold and rainy weather caused most consumers to reconsider their purchases, leaving them for the coming months. Retail Sales during April dropped by 0.4% on a monthly basis, disappointing estimations for a 0.2% rise, while the indicator […] Read more

USD/CAD slid after US data

On Thursday after reaching session high against the Canadian dollar, US dollar lost ground after the release of disappointing economic data from United States. USD/CAD pair hit 1.0390, highest value for current session, but later recorded a drop to 1.0320 during early American trade. Support was likely to be received at 1.0305, lowest value from […] Read more

US dollar lost positions on weak economic data

US dollar lost positions widely against other major currencies on Thursday after the release of weak economic data, casting aside speculations that FED would reduce scale of its easing program. During European afternoon trade EUR/USD pushed higher, reaching 1.2980-1.2988. Minutes ago official reports stated that Initial Jobless Claims in United States rose to 354 000 during […] Read more

Australian economic data shot AUD/USD higher

On Thursday Australian dollar pushed higher against its US counterpart on the release of optimistic Buildings Approvals data from Australia. US dollar was still weak versus most major currencies. AUD/USD reached 0.9699 during late Asian trade, highest for current session, after which consolidation followed at 0.9673-0.9677. Support was expected at todays session low, 0.9582, while resistance […] Read more

Euro expanded significantly versus US dollar

The euro extended its positions against US dollar during Wednesday trade session, as dollar registered losses against the yen, which caused impact on greenbacks positions against other major currencies. During the later hours of European session EUR/USD reached 1.2977, highest value for current trade, after which consolidation followed at levels 1.2950-1.2955. Support was meant to […] Read more

Euro pushed against US dollar after German data

On Wednesday EUR/USD hit highest value for the session after economic data from Germany, regarding Unemployment Change. The pair reached 1.2892 during European session, highest for the moment, after which consolidation followed at lower levels around 1.2885. The pair was to receive support at todays session low, 1.2837, while resistance was to occur at 1.2948, Tuesday […] Read more