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EUR/USD advanced, Bernanke testimony eyed

July 16, 2013 7:17 am
The euro pushed higher versus the US dollar on Tuesday, as market players began focusing on the testimony to Congress by Ben Bernanke on Wednesday. EUR/USD reached a session high at 1.3094 at 6:03 GMT, after which consolidation followed at 1.3080. Support was expected at July 12th low, 1.2998, while resistance was to be encountered […] Read more

USD/CAD trimmed earlier gains after disappointing US retail sales

July 15, 2013 2:35 pm
US dollar reduced gains against its Canadian counterpart on Monday, following the retail sales report from the United States, which showed that the indicator rose less than projected, bringing to life fears that economy was losing its momentum. USD/CAD fell from a session high at 1.0434, the highest point since July 11th to reach 1.0402 […] Read more

USD/CHF close to session highs

July 15, 2013 12:49 pm
The widely expanding US dollar traded close to session highs against the Swiss franc on Monday, as demand for the greenback was bolstered in expectation of Ben Bernankes statements later in the week. USD/CHF hit a session high and highest value since July 11th at 0.9533 at 11:51 GMT, after which consolidation followed at 0.9526. […] Read more

EUR/USD continued its slide

July 15, 2013 11:52 am
US dollar continued its advance against the euro and the other major currencies on Monday, as market players put their focus on the upcoming statement by FED Chairman Ben Bernanke for clues, regarding monetary policy and also in expectation of the US retail sales report later today. EUR/USD slid to a new session low at […] Read more

GBP/USD on lower levels, eyes on US retail sales

July 15, 2013 9:11 am
British pound slid to lower levels against the US dollar on Monday, as the greenback was supported by renewed expectations of US Federal Reserve Bank tapering its Quantitative Easing later in the year. GBP/USD fell to a session low at 1.5039 at 8:44 GMT, the lowest point since July 11th, after which consolidation followed at […] Read more

US dollar advanced against the yen after China’s GDP report

July 15, 2013 8:24 am
US dollar gained ground against the Japanese yen on Monday, following the release of Chinese GDP report, which said economy managed to grow in consonance with preliminary estimates during the second quarter of the year, chilling out fears over a possible slowdown in the second largest economy worldwide, which diminished safe haven demand for the […] Read more

NZD/USD also higher on Chinese GDP

July 15, 2013 7:51 am
New Zealand dollar climbed against its US counterpart on Monday, following the release of official report by the Chinese government, which showed that economy grew in line with expectations in the second quarter of the year. NZD/USD reached a session high at 0.7825 at 6:14 GMT, after which consolidation followed at 0.7807. The cross gained […] Read more

EUR/USD reacted with a little change to Chinese GDP data

July 15, 2013 7:26 am
Euro remained little changed against the US dollar on Monday, following the release of Chinese GDP report, which showed economy expanded in line with projections. EUR/USD registered a session low at 1.3045 at 6:52 GMT, after which consolidated at 1.3050. Support was likely to be found at July 12th low, 1.2998, while resistance was to […] Read more

Australian dollar higher versus US peer on Chinese GDP

July 15, 2013 6:58 am
Australian dollar gained against its US counterpart on Monday, following a government report, which showed that Chinese Gross Domestic Product rose in line with preliminary estimates by experts. AUD/USD pair increased to reach a session high at 0.9120 at 6:09 GMT, after which the cross consolidated at 0.9105, still up by 0.46% for the day. […] Read more