August 7, 2013 7:19 am
The euro edged higher against the US dollar on Wednesday, as recent economic reports out of the Euro zone implied that the blocs economy showed signs of revitalization. EUR/USD reached its highest point during todays trade at 1.3314, after which consolidation followed at 1.3306. Support was expected at August 6th low, 1.3245, while resistance was […]
Read moreAugust 7, 2013 6:56 am
New Zealand dollar was slightly changed against its US counterpart on Wednesday, following the release of NZ unemployment rate data earlier today. NZD/USD touched its highest point during Wednesday trade at 0.7914 during the early phase of the Asian session, after which consolidation followed at 0.7895. Support for the pair was likely to be found […]
Read moreAugust 6, 2013 2:58 pm
The euro rose to session highs against the US dollar on Tuesday, following the revised up forecast for 2014 growth in Germany by the International Monetary Fund (IMF). EUR/USD touched 1.3316 at 14:24 GMT, the session high and the pairs highest point since July 31st. Support was likely to be received at current session low, […]
Read moreAugust 6, 2013 2:29 pm
US dollar climbed to its highest level on Tuesday trade against its Canadian counterpart, following better than projected trade balance results from the United States and Canada. USD/CAD hit a session high at 1.0387 13:16 GMT, after which consolidation followed at 1.0380. Support was expected at current session low, 1.0346, while resistance was to be […]
Read moreAugust 6, 2013 9:52 am
The British pound reached its highest point during Tuesday trade against the US dollar, after a report showed that manufacturing production in the United Kingdom increased considerably more than projected in June. GBP/USD touched a session high at 1.5391 at 8:30 GMT, after which consolidation followed at 1.5378. Support was likely to be received at […]
Read moreAugust 6, 2013 9:04 am
US dollar traded on higher levels against the Japanese yen on Tuesday, following the upbeat US ISM non-manufacturing report, released yesterday, as market participants continued to expect the possible pare back of stimulus by the Federal Reserve by the end of this year. USD/JPY reached its highest point today at 98.57 at 7:05 GMT, after […]
Read moreAugust 6, 2013 8:29 am
The euro was little changed against the US dollar on Tuesday, as market players expected the reports on the preliminary value of Italys Gross Domestic Product and Germanys factory orders, scheduled for release later in the day. EUR/USD recorded the lowest point during todays session at 1.3245 at 6:34 GMT, after which consolidation followed at […]
Read moreAugust 6, 2013 7:30 am
The Aussie soared against the US dollar on Tuesday, as Australian central bank reduced borrowing costs at its meeting in line with expectations and said that national currency remained strong. AUD/USD climbed to a session high at 0.8988 at 6:17 GMT. Support was expected at August 5th low, 0.8848, while resistance was to be encountered […]
Read moreAugust 5, 2013 2:31 pm
The euro erased completely previously gained positions and fell to its lowest point during todays session against the US dollar, following the release of an upbeat ISM non-manufacturing report out of the United States. EUR/USD touched a session low at 1.3232 at 14:03 GMT, after which the pair bounced off to trade at 1.3244. Support […]
Read moreAugust 5, 2013 1:54 pm
US dollar was almost unchanged against its Canadian counterpart on Monday in expectation of the service sector activity report out of the United States and amid uncertainty over the future of FEDs asset purchasing program. USD/CAD reached a session low at 1.0379 during the early phase of US trade, after which consolidation followed at 1.0388. […]
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