May 31, 2013 2:04 pm
On Friday it was reported that consumer expenditures in United States lowered during April for the first time in the past year, as this reflected lower price levels, as well as unchanged remuneration and concerns appeared this could influence US economy in the coming months. Personal Spending, that encompasses automobile, clothing, healthcare, heating and etc. […]
Read moreMay 31, 2013 1:05 pm
During European afternoon trade Canadian dollar registered gradual expansion against its US counterpart, after the release of strong data, regarding Canadian GDP. USD/CAD dropped to 1.0310, from previous levels around 1.0330-1.0339. Support was expected at 1.0285-1.0265, while resistance was to be encountered at 1.0365-1.0385. Minutes ago official report stated that Gross Domestic Product (GDP) in […]
Read moreMay 31, 2013 12:12 pm
On Friday official reports stated that Unemployment Rate in the single currency zone hit a new record high during April, while consumer prices inflation increased by a relatively low rate. Such situation could undeniably put pressure on European Central Bank to accelerate its growth-targeting policy and also keep the current course of cost reduction. It […]
Read moreMay 31, 2013 8:56 am
On Friday British pound remained above 1.5200 level versus US dollar , receiving support after positive data from the United Kingdom and after disappointing economic results, that came out yesterday from the United States, that darkened expectations FED would take the road towards Quantitative Easing scale back. GBP/USD pair was trading at 1.5216 during mid-day […]
Read moreMay 31, 2013 7:48 am
Earlier today official report announced that German Retail Sales declined for third consecutive month during April, as probably cold and rainy weather caused most consumers to reconsider their purchases, leaving them for the coming months. Retail Sales during April dropped by 0.4% on a monthly basis, disappointing estimations for a 0.2% rise, while the indicator […]
Read moreMay 31, 2013 7:16 am
Dollar index could record a weekly decline if official consumer data reports from United States announced weak results, implying stagnation in spending, as this could darken speculations that the Federal Reserve Bank would reduce scale of its easing program. Japanese yen retreated versus most of its major peers after Consumer Price Index (CPI) for Ku-area of […]
Read moreMay 30, 2013 2:23 pm
On Thursday after reaching session high against the Canadian dollar, US dollar lost ground after the release of disappointing economic data from United States. USD/CAD pair hit 1.0390, highest value for current session, but later recorded a drop to 1.0320 during early American trade. Support was likely to be received at 1.0305, lowest value from […]
Read moreMay 30, 2013 1:01 pm
US dollar lost positions widely against other major currencies on Thursday after the release of weak economic data, casting aside speculations that FED would reduce scale of its easing program. During European afternoon trade EUR/USD pushed higher, reaching 1.2980-1.2988. Minutes ago official reports stated that Initial Jobless Claims in United States rose to 354 000 during […]
Read moreMay 30, 2013 12:13 pm
Euro currency increased against US dollar, passing the psychological level earlier today, but as of late gains seemed limited. US dollar advanced versus its peers ahead of crucial economic data from United States. Having hit 1.3007 during European session, EUR/USD pair showed pull back, subsequently, falling down to 1.2952, but still on positive territory for […]
Read moreMay 30, 2013 9:37 am
During Thursday session the New Zealand dollar registered gains versus its US counterpart after the release of positive data, regarding Building Consents in New Zealand. US dollar was still in ongoing struggle for positions against its major peers, expressing its weakness against the Japanese yen primarily. Through the course of late Asian trade, NZD/USD reached 0.8128, […]
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