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EUR/USD on negative territory

August 27, 2013 7:11 am
The euro retreated against the US dollar on Tuesday, because of concerns over a possible military action by the United States against Syrian government, which supported demand for the greenback. EUR/USD fell to a session low at 1.3355 at 6:15 GMT, after which consolidation followed at 1.3363. Support for the pair was expected at August […] Read more

USD/CAD reduced gains after disappointing US durable goods orders

August 26, 2013 2:18 pm
US dollar cut earlier gains against its Canadian counterpart on Monday, following the release of a downbeat report on durable goods orders out of the United States. Trade volumes today remained thin, as UK markets were closed for a national holiday. Having touched a session high at 1.0566 at 9:50 GMT, the pair was trading […] Read more

AUD/USD little changed amid Fed tapering speculation

August 26, 2013 8:41 am
Australian dollar was slightly changed against the greenback on Monday, trimming earlier gains, as investors were weighing Federal Reserve Banks timing for monetary stimulus tapering. AUD/USD recorded a session high at 0.9043 at 4:00 GMT, after which consolidation followed at 0.9034, dipping a mere 0.01% for the day. Support was expected to be received at […] Read more

NZD/USD on positive ground despite downbeat NZ trade balance

August 26, 2013 7:48 am
New Zealand dollar managed to recover from earlier losses against the greenback on Monday, in spite of the downbeat trade balance data out of New Zealand, while the lack of clarity over the future of Feds monetary stimulus continued to persist. NZD/USD hit a session high at 0.7836 at 6:57 GMT, after which the pair […] Read more

EUR/USD steady before US durable goods orders

August 26, 2013 7:26 am
The euro was trading with a slight change against the US dollar on Monday, as durable goods orders report from the United States was in investorsfocus. EUR/USD reached its highest point on Monday at 1.3389 1:12 GMT, after which consolidation followed at 1.3377. Support was likely to be found at August 23rd low, 1.3322, while […] Read more

USD/CAD climbed to six-week highs on downbeat Canadian CPI

August 23, 2013 2:26 pm
US dollar advanced to its highest level in six weeks against the Canadian counterpart on Friday, following the release of Canadian CPI report and amid expectations of a possible near-term stimulus scale back by the Federal Reserve. USD/CAD reached a session high at 1.0566 at 9:50 GMT, also the pairs highest point since July 9th, […] Read more

GBP/USD advanced on better than projected GDP

August 23, 2013 9:41 am
British pound recorded gains against the US dollar on Friday, following the release of upbeat UK GDP data, while markets awaited US new home sales later in the day. GBP/USD rose to a session high at 1.5636 at 8:37 GMT, the pairs highest point since August 21st, after which consolidation followed at 1.5632, gaining 0.32% […] Read more

USD/JPY preserved gains before US new home sales

August 23, 2013 8:16 am
US dollar maintained its gains against the Japanese yen on Friday, following the positive set of US data released yesterday and in anticipation of the crucial new home sales report. USD/JPY reached its highest point today at 99.12 at 6:19 GMT, after which the pair consolidated at 98.90. Support was anticipated at August 20th low, […] Read more

EUR/USD slightly lower ahead of US new home sales report

August 23, 2013 7:44 am
The euro was trading lower against the US dollar during Fridays thin trade, while investors were focusing on the new homes sales report, scheduled for release out of the United States later in the day. EUR/USD slipped to a session low at 1.3334 at 6:18 GMT, after which consolidation followed at 1.3344, retreating 0.09% for […] Read more