June 27, 2013 9:54 am
British pound shorted gains against the US dollar on Thursday after released UK Gross domestic product data disappointed expectations. GBP/USD pair tumbled to a session low and a three-week low at 1.5270 at 8:53 GMT. The cross erased 0.31% for the day. Support was likely to be received at June 3rd low, 1.5190, while resistance […]
Read moreJune 27, 2013 8:17 am
On Thursday US dollar traded higher versus the Japanese currency, as Asian stock markets recorded gains today and that shorted demand for the yen. USD/JPY was trading at 98.20 at 7:43 GMT, after it reached a session high at 98.39 earlier. Support was expected at June 25th low, 96.95, while resistance was to be encountered […]
Read moreJune 27, 2013 7:35 am
Australian dollar rose for the fifth day in a row before Federal Reserve Bank of New York President William Dudley takes a statement today. The Aussie advanced against almost all of its major peers, as Kevin Rudd was sworn in as Australia’s prime minister, having won the leadership ballot over Julia Gillard yesterday. “We expect […]
Read moreJune 27, 2013 6:30 am
On Thursday New Zealand dollar was on higher levels against its US peer during the later phase of Asian trade, despite smaller than expected amount of the recorded trade surplus in New Zealand. NZD/USD traded as high as 0.7826, up 0.43% for the day. Support was expected at June 24th low, 0.7684, while resistance was […]
Read moreJune 26, 2013 2:39 pm
US dollar slipped to session low against its Canadian counterpart on Wednesday after revised data showed that US GDP slowed down during Q1. USD/CAD tumbled to 1.0456 at 12:33 GMT, after which consolidation followed at 1.0464. The cross was down by 0.46% for the day. Support was likely to be received at June 21st low, […]
Read moreJune 26, 2013 2:08 pm
US dollar hit a new session low against the Japanese yen on Wednesday after the release of disappointing Q1 GDP data from the United States. USD/JPY crumbled to 97.34 at 12:36 GMT, after which consolidated at 97.50. The cross was losing 0.37% for the day. Earlier on Wednesday the Commerce Department of the United States […]
Read moreJune 26, 2013 10:04 am
US dollar edged higher against the Swiss franc on Wednesday ahead of US Gross Domestic Product data, as fears of near-term stimulus reduction by FED supported the greenback. USD/CHF hit a session high at 0.9407 at 9:46 GMT, as the pair added 0.25% for the day. Support was expected at June 25th low, 0.9320, while […]
Read moreJune 26, 2013 9:12 am
On Wednesday the sterling tumbled against the US dollar, as strong support was provided for the greenback after a series of economic data from the United States gave a breath of optimism for economy. GBP/USD took a gradual slide to hit a session low at 1.5367 at 8:55 GMT. The cross erased 0.36% for the […]
Read moreJune 26, 2013 8:32 am
The yen strengthened against most of its major peers on Wednesday, as safe haven demand was bolstered on Chinese shares decline for the sixth day in a row. Japanese currencys rally came along with the slide of the Shanghai Composite Index (SHCOMP), which lost 1.9% of its value. “Everybody was looking for a positive start […]
Read moreJune 26, 2013 8:00 am
New Zealand dollar gained against its US counterpart on Wednesday, but upward movement was expected to be limited amid prospects that the Federal Reserve Bank will keep Quantitative Easing. NZD/USD hit 0.7780 at 7:34 GMT, currently the session high. The pair added 0.46% for the day. Support was expected at June 24th low, 0.7684, while […]
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