Currency News

GBP/USD on session highs after UK jobless claims

Sterling climbed to its highest against the US dollar on Wednesday, following the release of reports to show UK unemployment rate remained steady and jobless claims decreased. GBP/USD rose to a session high at 1.5505 at 8:38 GMT, after which consolidation followed at 1.5467. Support was likely to be found at current session low, 1.5421, […] Read more

USD/JPY higher after US retail sales

US dollar continued its advance against the Japanese yen on Wednesday, after the strong Tuesday session for the greenback, following the release of positive retail sales report out of the United States. USD/JPY hit a session high at 98.41 at 5:42 GMT, the pairs highest point since August 6th, after which consolidation followed at 98.30, […] Read more

AUD/USD ignored positive Australian consumer confidence

Australian dollar seemed to ignore the positive signal, submitted by the upbeat Australian consumer confidence data, falling against its US counterpart on Wednesday, as the greenback remained strongly supported by renewed expectations that Fed will begin tapering its bond-purchasing program soon. AUD/USD slid to its lowest point today at 0.9084 at 5:32 GMT, after which […] Read more

NZD/USD supported after positive NZ retail sales data

New Zealand dollar gained positions against its US counterpart on Wednesday, following the release of optimistic retail sales report out of New Zealand, while the greenback was still supported after yesterdays US retail sales data. NZD/USD reached its highest point at 0.7986 during the early phase of Asian trade, after which consolidation followed at 0.7981, […] Read more

EUR/USD found its way up after German and French GDP

The euro advanced against the US dollar on Wednesday, following reports to show that French and German economies expanded more than anticipated during the second quarter of the year, boosting optimism over recovery in the euro region. EUR/USD reached its highest point today at 1.3278 at 6:01 GMT, after which consolidation followed at 1.3267, ticking […] Read more

USD/CAD on session highs after US retail sales report

US dollar climbed to its highest point during Tuesday trade against its Canadian counterpart, after an official report showed that core retail sales in the United States rose at the fastest rate in seven months in July, adding to expectations of a soon bond purchase scale back by the Federal Reserve Bank. USD/CAD hit a […] Read more

EUR/USD erased earlier gains ahead of US retail sales

The euro erased earlier gains against the US dollar on Tuesday, despite the positive economic sentiment data out of Germany and the Euro zone, as focus was set upon the US retail sales report. EUR/USD reacted slightly to the series of positive ZEW indicators earlier today, climbing to a session high at 1.3316 at 9:20 […] Read more

USD/CHF on session highs ahead of US reports

US dollar edged higher and traded close to session highs against the Swiss franc on Tuesday, as investors were focusing on the US retail sales report later in the day. USD/CHF touched its highest point during the day at 0.9300 at 11:26 GMT, also the highest level since August 6th. Support was likely to be […] Read more

GBP/USD reacted slightly to UK consumer inflation report

British pound showed little reaction against the US dollar on Tuesday, after a report said that consumer inflation in the United Kingdom remained flat in July in consonance with preliminary estimates. GBP/USD touched a session high at 1.5490 at 9:15 GMT, after which consolidation followed at 1.5473, rising by 0.07% daily. Support was expected in […] Read more

NZD/USD lower ahead of US retail sales

New Zealand dollar slid to lower levels against its US counterpart on Tuesday, as market players expected that a positive series of economic indicators out of the United States during the current week would prompt Fed to embark on a pare back of its stimulus. NZD/USD fell to a session low at 0.7979 at 8:14 […] Read more