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GBP/USD advances as house prices in UK rise, FOMC meeting in focus

October 28, 2013 12:14 pm
British pound gained ground against the US dollar on Monday, following a report, which revealed house prices in the United Kingdom rose for a ninth consecutive month in October, while the pressure upon the greenback remained before the FOMC policy meeting. GBP/USD advanced to a session high at 1.6208 at 9:30 GMT, after which consolidation […] Read more

NZD/USD also on positive territory before Fed meeting

October 28, 2013 9:28 am
Alongside the Aussie, New Zealand dollar traded also higher against its US counterpart on Monday, as the pressure upon the greenback remained amid expectations that the Federal Reserve Bank will decide to leave stimulus unchanged at its upcoming policy meeting this week. NZD/USD touched a session high at 0.8316 at 7:00 GMT, after which consolidation […] Read more

AUD/USD higher ahead of Federal Reserve policy meeting

October 28, 2013 8:59 am
Australian dollar gained ground against the greenback ahead of the Federal Reserve Banks two-day meeting on policy, at which the central bank will probably maintain the monthly pace of its monetary stimulus, that tends to debase the US dollar. AUD/USD reached a session high at 0.9615 at 2:00 GMT, after which consolidation followed at 0.9608, […] Read more

USD/JPY rises after BoJ Deputy Governor Iwata’s statement

October 28, 2013 8:23 am
US dollar traded higher against the Japanese yen on Monday, after Deputy Governor Kikuo Iwata reiterated Bank of Japan’s pledge to continue the course of a massive monetary easing. USD/JPY touched a session high at 97.70 at 6:05 GMT, after which consolidation followed at 97.65, rising 0.25% for the day. Support was likely to be […] Read more

Outlook for USD/JPY cross during the upcoming week

October 27, 2013 1:12 pm
US dollar ended the week on negative territory against the Japanese yen on Friday, marking a second consecutive weekly loss, due to the release of a string of non-optimistic economic data out of the United States, which bolstered prospects that the Federal Reserve Bank will probably abstain from introducing a change to its monthly monetary […] Read more

USD/CAD on positive territory during late US session on Friday

October 26, 2013 2:26 pm
US dollar traded higher and ended Fridays US session on positive territory against its Canadian counterpart, despite the fact that consumers in the United States remained less optimistic in late October, while Royal Bank of Canada embraced a more accommodative monetary policy and prices of crude oil plunged, marking their largest weekly loss since June. […] Read more

GBP/USD trades higher after upbeat UK GDP

October 25, 2013 10:54 am
British pound was trading higher against the US dollar on Friday, following a report, which revealed UK economy expanded at the fastest pace in three years during the third quarter of 2013. GBP/USD climbed to a session high at 1.6246 at 4:30 GMT, the pairs highest point since October 23rd, after which consolidation followed at […] Read more

AUD/USD falls on triggered risk aversion

October 25, 2013 8:41 am
Australian dollar was trading lower against its US counterpart on Friday, as market players curbed appetite for riskier assets, such as the Aussie, and focused on the upcoming policy meeting by the Federal Reserve next week, in pursuit for clues of banks next move on stimulus. AUD/USD fell to a session low at 0.9584 at […] Read more