Currency News

GBP/USD vanquished gains following UK GDP

The pound erased earlier gains against the US dollar on trading Thursday, following a report to show preliminary value of the British GDP rising in consonance with projections during the second quarter of the year. GBP/USD took a slide from a session high at 1.5384, recorded at 8:00 GMT, to trade at 1.5308 at 9:13 […] Read more

USD/JPY cut earlier gains

Japanese yen advanced against 15 out of its 16 major peers on Thursday, as Japanese shares declined, boosting safe haven demand for national currency. USD/JPY slid to a session low at 99.76 at 6:46 GMT, after which consolidation followed at 99.90. Support for the pair was expected at July 23rd low, 99.13, while resistance was […] Read more

AUD/USD traded with stability

Australian dollar remained steady against its US counterpart on trading Thursday, with market participants expecting the series of crucial economic indicators from the United States, while the US dollar was still supported, following the positive signal, submitted by the housing sector in the country. AUD/USD slipped to a session low at 0.9127 at 0:50 GMT, […] Read more

NZD/USD on five-week highs after RBNZ rate decision

New Zealand dollar received a boost against its US counterpart on Thursday, reaching five-week highs, after Reserve Bank of New Zealand introduced no change in the base interest rate. However, good recent US housing data still supported the greenback. NZD/USD hit a session high at 0.8009 at 7:22 GMT, after which consolidation followed at 0.8002. […] Read more

EUR/USD on frail positive territory

The euro pushed higher against the US dollar on Thursday, as market players took profits, following the greenbacks expansion yesterday after the strong US new home sales report. EUR/USD pair touched its highest point for todays session at 1.3220 at 5:05 GMT, after which consolidation followed at 1.3208. Support was expected at July 23rd low, […] Read more

EUR/USD trimmed earlier gains

The euro pulled back from over 1-month highs against the US dollar on Wednesday, as market participants were expecting the report on US new home sales, scheduled for release later in the day. EUR/USD slipped from a session high at 1.3257 to reach 1.3207 at 13:00 GMT. At 13:37 GMT the pair was trading at […] Read more

GBP/USD close to session lows

During Wednesdays trade the pound slipped to lower levels against the US dollar, as the disappointing Chinese manufacturing PMI report triggered safe haven demand for the greenback. GBP/USD fell to a session low at 1.5334 at 10:20 GMT, after which consolidation followed at 1.5356. Support for the pair was expected at July 22nd low, 1.5256, […] Read more

USD/CHF with a slight increase in calm trade

US dollar increased against the Swiss franc on Wednesday, as market players took positions in expectation of the US Manufacturing PMI and new home sales reports, scheduled for release later in the day. USD/CHF reached a session high at 0.9372 at 6:20 GMT, after which the pair consolidated at 0.9360, up by 0.11% for the […] Read more

EUR/USD on six-week highs

The euro soared to six-week highs against the US dollar on trading Wednesday, following the release of an official report, which showed Manufacturing PMI in the Euro zone expanded during July. EUR/USD hit a session high at 1.3253 at 7:38 GMT, the highest point since June 20th, after which consolidation followed at 1.3240. Support was […] Read more

USD/JPY advanced after the disappointing Chinese manufacturing PMI

On Wednesday the US dollar managed to gain some ground against the Japanese yen, following the release of a report to show Chinese manufacturing activity decelerated to 11-month low, which put selling pressure on the yen. USD/JPY increased in value to hit a session high at 99.93 at 6:33 GMT, after which consolidation followed at […] Read more