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USD/CAD climbed to six-week highs on downbeat Canadian CPI

August 23, 2013 2:26 pm
US dollar advanced to its highest level in six weeks against the Canadian counterpart on Friday, following the release of Canadian CPI report and amid expectations of a possible near-term stimulus scale back by the Federal Reserve. USD/CAD reached a session high at 1.0566 at 9:50 GMT, also the pairs highest point since July 9th, […] Read more

GBP/USD advanced on better than projected GDP

August 23, 2013 9:41 am
British pound recorded gains against the US dollar on Friday, following the release of upbeat UK GDP data, while markets awaited US new home sales later in the day. GBP/USD rose to a session high at 1.5636 at 8:37 GMT, the pairs highest point since August 21st, after which consolidation followed at 1.5632, gaining 0.32% […] Read more

USD/JPY preserved gains before US new home sales

August 23, 2013 8:16 am
US dollar maintained its gains against the Japanese yen on Friday, following the positive set of US data released yesterday and in anticipation of the crucial new home sales report. USD/JPY reached its highest point today at 99.12 at 6:19 GMT, after which the pair consolidated at 98.90. Support was anticipated at August 20th low, […] Read more

EUR/USD slightly lower ahead of US new home sales report

August 23, 2013 7:44 am
The euro was trading lower against the US dollar during Fridays thin trade, while investors were focusing on the new homes sales report, scheduled for release out of the United States later in the day. EUR/USD slipped to a session low at 1.3334 at 6:18 GMT, after which consolidation followed at 1.3344, retreating 0.09% for […] Read more

AUD/USD slipped lower

August 23, 2013 7:03 am
Australian dollar slipped to lower levels against its US counterpart on Friday, after having maintained gains from Thursday trade, following a speculation that its weekly loss was excessive. AUD/USD fell to its lowest point today at 0.8984 at 6:18 GMT, after which the pair consolidated at 0.8995. Support was expected to be found at August […] Read more

USD/CAD on six-week highs

August 22, 2013 2:15 pm
US dollar soared against its Canadian peer on Thursday, reaching its highest point in six weeks, following the weaker-than-projected Canadian retail sales and the minutes of Federal Reserve Banks meeting in July. USD/CAD reached a session high at 1.0515 at 13:20 GMT, also the pairs highest point since July 10th, after which consolidation followed at […] Read more

USD/CHF moved higher after Fed minutes

August 22, 2013 11:36 am
US dollar gained ground also against the Swiss franc on Thursday, after the minutes of Federal Reserves July meeting showed that policymakers expressed different opinions about the timing of banks stimulus program scale back. USD/CHF hit a session high at 0.9289 at 10:36 GMT, also the pairs highest since August 19th, after which the pair […] Read more

Series of PMIs out the Euro zone sent EUR/USD to session highs

August 22, 2013 9:23 am
The euro climbed to its highest level on trading Thursday, after a report revealed that activity in the Euro region increased at its fastest pace in two years in August. EUR/USD hit a session high at 1.3363 at 8:01 GMT, after which consolidation followed at 1.3356. The pair was to find support at current session […] Read more

USD/JPY advanced after Fed minutes

August 22, 2013 8:42 am
US dollar reached a one-week high against the Japanese yen on Thursday, after the release of minutes of Feds most recent meeting, while at the same time, Chinese manufacturing PMI rose more than anticipated in August. USD/JPY climbed to a session high at 98.42 at 8:09 GMT, also the pairs highest since August 15th, after […] Read more