June 5, 2013 8:57 am
Italys services sector registered a faster rate of shrinkage during May. According to reports by Markit/ADACI, the indicator, which tracks activity (orders and purchases) among managers of companies, operating in the sector of services unexpectedly declined to 46.5 in May from 47.0 in April. Experts predicted a rise to 47.5. Services PMI in Italy remained still […]
Read moreJune 5, 2013 8:03 am
On Wednesday Australian dollar lost positions against its US counterpart, as slowing GDP in Australia brought back to life expectations that interest rate reduction by the Reserve Bank of Australia could be possible. During later hours of the Asian trade, AUD/USD pair reached 0.9556, session low and lowest since May 31st, after which consolidation followed […]
Read moreJune 5, 2013 7:41 am
On Wednesday New Zealand dollar lowered in value versus its US counterpart, with market players laying eyes on crucial economic data, scheduled to be released later today. During late Asian trade NZD/USD pair slid to 0.7980, currently the session low, after which consolidation followed at 0.7995. Support was expected at June 3rd low, 0.7943, while […]
Read moreJune 5, 2013 6:39 am
Japanese yen increased against most of its major peers, as Japanese Prime Minister Shinzo Abes plan for economic growth was not supportive to Japanese shares. Topix index of stocks extended losses to more than 2% and this caused yen to rally against the US dollar and the euro. Meanwhile, US dollars gained positions from yesterday were […]
Read moreJune 4, 2013 4:02 pm
US dollar rose to session high against the Canadian counterpart on Tuesday, after official data stated that both the US and Canadian trade balance deficits increased during April. USD/CAD reached 1.0336 during early American trade, currently the session high, after which consolidation followed at 1.0324, adding 0.44% for the day. The pair was likely to […]
Read moreJune 4, 2013 12:18 pm
EUR/USD edged higher on Tuesday during European afternoon session, but gains seemed limited, because investors awaited European Central Bank monthly meeting this Thursday and nonfarm payroll data from United States on Friday. The cross reached 1.3102 during late European trade, currently session high, after which consolidation followed at 1.3090. The pair was up by 0.12% for […]
Read moreJune 4, 2013 9:20 am
On Tuesday British pound was off lows versus the US dollar, as it was reported that UK Construction CIPS indicator rose in May to highest value since October 2012. After dipping to 1.5283, lowest level for current trade, pound climbed to 1.5320 during European trade. Support was expected at Monday low, 1.5190, while resistance was to […]
Read moreJune 4, 2013 7:39 am
On Tuesday US dollar moved up against the Japanese yen, as markets awaited the speech on economic growth strategy by Japanese Prime Minister Shinzo Abe tomorrow. USD/JPY reached 100.43 during the later hours of Asian session, currently highest value, after which consolidation followed at 100.30. Support was expected at Monday low, 98.85, while resistance was to […]
Read moreJune 4, 2013 7:06 am
On Tuesday euro slipped to lower levels versus the US dollar, as the greenback managed to regain positions against its peers, after yesterdays weak manufacturing data from United States, which caused dollar to plunge. EUR/USD pair slid to 1.3051 during Asian trade, currently the session low, after which consolidation followed at 1.3060. The pair was […]
Read moreJune 4, 2013 6:39 am
Reserve Bank of Australia did not introduce any change in its base interest rate, as inflation prospects remained calm and Australian dollar was still at high levels against peers. RBA left base interest rate at the record low 2.75% level. Experts from the bank assured that its current monetary policy course was appropriate. They also […]
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