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Canadian dollar closer to two-year lows versus US peer

June 24, 2013 3:11 pm
USD/CAD pair went above 1.05 and was on its way to reach the lowest value for almost 2 years on expectations that US dollar will gain more strength when the Federal Reserve exits its Quantitative Easing. The currency lost ground against the majority of its 16 most-traded peers as Fed Chairman Ben Bernanke said on […] Read more

USD/JPY off highs, but still supported by FED expectations

June 24, 2013 12:02 pm
US dollar pulled back from session highs against the Japanese yen on Monday, but the greenback was still supported by expectations that the Federal Reserve will begin unwinding its easing program by this years end. USD/JPY came off nearly two-week highs during European late morning trade, at levels around 97.91-97.96, as previously the cross reached […] Read more

EUR/USD off session lows

June 24, 2013 9:45 am
Euro came off session lows against the US dollar on Monday during the European late morning trade. EUR/USD pair slid to a session low at 1.3088 at 8:33 GMT, after which pulled off and reached 1.3121 at 9:22 GMT. Support was expected at June 21st low, 1.3072, while resistance was to be met at June […] Read more

GBP/USD down to two-week lows on Monday

June 24, 2013 8:18 am
British pound fell on Monday for the second day in a row against the US dollar, reaching the lowest level in more than two weeks, as the Debt Management Office intended to sell UK government bonds with maturity in 2068 via banks this week. Pound lost ground for the first time in three days versus […] Read more

US dollar managed to preserve higher levels against the euro

June 24, 2013 7:10 am
On Monday US dollar traded close to 2-week highs against the euro after the signal, submitted by FED last Wednesday, which shot the greenback sky-high against most of its major peers. EUR/USD pair slid to a session low at 1.3088 during the later phase of Asian trade, lowest value since June 6th, after which consolidation […] Read more

Australian dollar on higher levels against US peer, experts saw further downside

June 24, 2013 6:42 am
On Monday Australian dollar traded on higher levels versus its US counterpart, but however, projections appeared to foresee a further slide for the Aussie. AUD/USD pair hit a session high at 0.9253 during Mondays Asian trade, after which consolidated at 0.9210. Support was likely at June 20th low and a 33-month low, 0.9162, while resistance […] Read more

Euro plunged against US dollar to over 2-week lows

June 21, 2013 2:44 pm
The euro took a sudden turn on Friday, erasing early gains against the US dollar and tumbled to two-and-a-half-week lows, as demand for the greenback remained strong. EUR/USD pair plunged to a session low at 1.3136 at 14:42 GMT. The pair was down by 0.65% for the day. Support was expected at June 6th low, […] Read more

USD/CAD with a sharp advance on Canadian inflation and retail sales data

June 21, 2013 1:01 pm
US dollar skyrocketed against its Canadian counterpart on Friday after the release of not so confident economic data from Canada. USD/CAD pair jumped to a session high at 1.0486 at 12:50 GMT, advancing almost 90 pips, compared to the trading levels right before Canadian news. This was pairs highest value since November 2011. Subsequently, the […] Read more

USD/CHF advanced in a light-volume trade

June 21, 2013 9:56 am
US dollar registered a gradual increase against the Swiss franc during European morning session in a trade, defined by light volumes, as there are no US indicators expected to be released today. USD/CHF pair rose to a session high at 0.9293 at 7:27 GMT, after which consolidation followed at 0.9281. Support was expected at current […] Read more