June 3, 2013 3:00 pm
Manufacturing activity in the United States contracted during May to its lowest level since June 2009, Institute for Supply Management (ISM) reported. The indicator, which shows activity among managers of manufacturing companies dipped to 49.0 during May, as previous month reading showed 50.7. Preliminary estimates stated an identical reading to that in April. US ISM […]
Read moreJune 3, 2013 1:55 pm
US dollar trimmed losses against its Canadian counterpart during Monday trade, with markets focused on upcoming ISM data from United States. USD/CAD distanced from current session low at 1.0299, to move forward to 1.0360 during early phase of American trade. Support was expected at May 28th low, 1.0323, while resistance was likely to be met […]
Read moreJune 3, 2013 1:19 pm
US dollar distanced from session lows versus the euro, as markets focused on upcoming manufacturing data from the United States, expected later today. EUR/USD traded at psychological level, 1.3000-1.3007 during late European session, off session high at 1.3044, after better than projected PMI data was released and postponed expectations that more easing measures were on […]
Read moreJune 3, 2013 11:44 am
US dollar remained almost unchanged against the Swiss franc during Monday trade, with markets focused on upcoming manufacturing data from the United States. Demand for US dollars remained restrained, especially after the release of positive PMI data from United Kingdom and the Euro zone. USD/CHF pair reached 0.9584 during early European trade, the session high, […]
Read moreJune 3, 2013 9:22 am
On Monday British pound advanced to more than two week highs versus the US dollar after official report said UK manufacturing sector registered higher activity. GBP/USD pair reached 1.5291 during European trade, session high for the moment and highest since May 16th, after which consolidation followed at 1.5270. Pound was still up by 0.50% for […]
Read moreJune 3, 2013 8:58 am
During European trade session the euro advanced against the US dollar on more optimistic data, regarding the Manufacturing PMI data in Euro zones first three largest economies. EUR/USD pair rose by over 40 pips to 1.3044 right after these indicators were announced. Support levels were expected in the 1.3000-1.2950 range, while resistance was likely to […]
Read moreJune 3, 2013 8:23 am
During Monday trade New Zealand dollar increased in value against the US dollar, after the release of Chinese Manufacturing report on Saturday. During Asian session, NZD/USD pair reached 0.7982, session high for the moment, after which consolidation followed at the lower 0.7974 level. The pair was up by 0.35% for the day. Support was expected […]
Read moreJune 3, 2013 7:57 am
On Monday US dollar registered a slide versus the yen on Japanese shares drop, which was contributed by weaker than projected PMI data from China. USD/JPY pair dropped to 100.14 during the late hours of Asian session, currently lowest for Monday trade, after which consolidation followed at 100.30. Support was expected at psychological 100.00 level, […]
Read moreJune 3, 2013 6:45 am
Australian dollar registered largest monthly drop in May since 2011, but today after the release of China manufacturing data, Aussie managed to recover positions. Official reports said that Chinese manufacturing sector accelerated, postponing concerns that slow down in Chinese economy would restrain demand for commodities. Australian dollar recorded gains against most of its major peers, […]
Read moreMay 31, 2013 2:51 pm
US dollar regained positions against the euro currency on Friday, after the release of positive economic data from United States, which called back expectations of FED tapering its easing program in near future. EUR/USD slid to session low at 1.2960 during early American session, after which consolidation followed at 1.2970. Support was meant to be […]
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