June 20, 2013 7:08 am
New Zealand dollar went to lower levels against its US counterpart on Thursday after the release of a disappointing report on NZ Gross Domestic Product. NZD/USD pair fell to 0.7844 during the early phase of European trade. Support level at June 18th low, 0.7949 was breached. Resistance was likely to be met at June 17th […]
Read moreJune 20, 2013 6:35 am
Australian dollar retreated against its US counterpart on Thursday after market players abandoned their concerns about the exit of FEDs stimulus. AUD/USD pair slid to 0.9250 during early European session. Support was expected in the range 0.9225-0.9245, while resistance was to be met at June 18th high, 0.9574. Federal Reserve Bank Chairman Ben Bernanke said […]
Read moreJune 19, 2013 2:50 pm
US dollar traded in a narrow range against its Canadian counterpart on Wednesday, as market players were positioning in expectation of the Federal Reserve’s policy meeting later in the day. USD/CAD pair fell to a session low at 1.0180 during the early phase of US trade, after which consolidation followed at 1.0197. Support was likely […]
Read moreJune 19, 2013 1:19 pm
The sterling advanced against the US dollar on Wednesday, as investors focus was set on the most significant event for today, the outcome of Federal Reserve Banks monthly meeting. GBP/USD pulled back from session low at 1.5602 and reached 1.5670 during European afternoon trade. Support was expected at the current session low, while resistance was […]
Read moreJune 19, 2013 12:45 pm
US dollar declined against most of its major peers on concerns that FED Chairman Ben Bernanke may announce the banks intention to preserve the current level of monthly purchases. The euro rose against the dollar above the psychological level of 1.3400 today, while the Japanese yen rallied. “The market is expecting Bernanke to express some […]
Read moreJune 19, 2013 12:13 pm
The International Monetary Fund warned that proactive vigilance was needed in order the hard won solvency of Spanish banking system to be preserved. During its most recent visit to Euro zones fourth largest economy, IMF experts noted that decisive action had been taken to clean up Spanish banks, but yet financial fragmentation still continued to […]
Read moreJune 19, 2013 10:16 am
USD/CHF pair traded with stability on Wednesday, with market participants eyeing the highly anticipated FED monetary policy statement later today. US dollar advanced to a session high against the franc at 0.9211 during the early European trade, after which the cross consolidated at 0.9201. Support was likely to be received at June 13th low, 0.9130, […]
Read moreJune 19, 2013 9:42 am
British pound lowered against the US dollar to session low on Wednesday after the results from Bank of Englands meeting in June were announced. GBP/USD pair fell down to 1.5615 during early European session, after which consolidation followed at 1.5621. The cross was down by 0.13% for the day. Support was expected at Tuesdays low, […]
Read moreJune 19, 2013 8:31 am
On Wednesday New Zealand dollar edged higher versus its US peer after the release of data, regarding New Zealands current account balance, while market participants continued to focus on FEDs meeting outcome later in the day. NZD/USD pair hit 0.8018 during the later phase of Asian trade, currently the session high, after which consolidation followed […]
Read moreJune 19, 2013 7:49 am
On Wednesday the Australian dollar remained almost without change versus its US counterpart on optimistic data from Australia. However, market sentiment was dominated by wariness ahead of Federal Reserves monthly meeting. During the later phase of Asian trade AUD/USD pair reached a session high at 0.9506, after which consolidation followed at 0.9492. Support was likely […]
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