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GBP/USD on negative territory

July 30, 2013 1:17 pm
British pound was losing ground for a third day on Tuesday against the US dollar, as market participants preferred wariness, making their decisions ahead of policy meetings by Bank of England and the Federal Reserve this week. GBP/USD slid to a session low at 1.5294 at 9:39 GMT, the lowest point since July 25th, after […] Read more

USD/CHF little changed in light trade

July 30, 2013 11:50 am
US dollar remained almost unchanged against the Swiss franc on Tuesday, as market players were cautious ahead of the monthly meeting on policy by the Federal Reserve Bank, scheduled to begin today. USD/CHF slipped to a session low at 0.9291 at 8:51 GMT, after which consolidation followed at 0.9299, down by 0.16% for the day. […] Read more

NZD/USD remained lower

July 30, 2013 9:31 am
New Zealand dollar continued its slide against the US dollar on Tuesday, following the comments by NZ Prime Minister John Key on Monday. NZD/USD fell to its lowest point during the session at 0.7979 at 4:00 GMT, after which consolidation followed at 0.7995. Support was likely to be found at July 19th low, 0.7887, while […] Read more

Downbeat Japanese industrial production favored the rise of USD/JPY

July 30, 2013 8:28 am
US dollar climbed against the Japanese yen on Tuesday, following the disappointing report on Japanese industrial production, while investors focused on the policy meeting of the Federal Reserve Bank, scheduled to begin today. USD/JPY reached a session high at 98.45 at 4:15 GMT, after which the cross consolidated at 98.22, up by 0.26% for the […] Read more

Aussie collapsed against the US dollar on disappointing building approvals data

July 30, 2013 7:30 am
On Tuesday Australian dollar took a sharp drop of over 1.5% against the greenback, following the disappointing report on building approvals from Australia and later comments by Reserve Bank of Australia (RBA) Governor Glenn Stevens. AUD/USD plunged to a session low at 0.9051 at 6:50 GMT, the lowest point since July 15th, after which consolidation […] Read more

EUR/USD showed little reaction to German Gfk Consumer Confidence

July 30, 2013 6:52 am
The euro was little changed against the US dollar on Tuesday, following the release of optimistic consumer confidence report from Germany, while markets remained edgy ahead of the meetings by the European Central Bank and the Federal Reserve. EUR/USD hit a session low at 1.3246 at 3:41 GMT, after which consolidation followed at 1.3256. Support […] Read more

USD/CAD almost unchanged in light trade, close to one-month lows

July 29, 2013 2:50 pm
US dollar remained little changed against its Canadian counterpart on Monday, still near one-month lows, following the third consecutive daily gain of the loonie, because the price of the crude oil, the largest Canadian export, stood above 100 USD per barrel for the 18th day in a row. USD/CAD hit a session low at 1.0264 […] Read more

USD/CHF off session lows

July 29, 2013 1:08 pm
US dollar managed to erase earlier losses against the Swiss franc during the thin trade on Monday, as market participants were looking ahead to the Federal Open Market Committee (FOMC) FED meeting for clues, regarding interest rate decision, scheduled on Wednesday. USD/CHF bounced off a session low and also a one-month low, recorded at 0.9269 […] Read more

GBP/USD higher after UK mortgage approvals, gains limited

July 29, 2013 11:38 am
British pound moved higher against the US dollar on Monday, following the UK mortgage approvals report, but, however, gains seemed limited as wariness dominated market players decisions ahead of the meetings by the European Central Bank and the Federal Reserve. GBP/USD hit the highest point during the current session at 1.5412 at 8:41 GMT, after […] Read more

NZD/USD lower after New Zealand PM John Key said the kiwi was overvalued

July 29, 2013 8:57 am
New Zealand dollar slid lower against its US peer on Monday, after NZ Prime Minister John Key said the national currency was still overvalued. The kiwi dollar lost ground against most of its 16 major peers, reducing its monthly gain of 4.3%. NZD/USD reached a session low at 0.8059 at 7:15 GMT, after which consolidation […] Read more