June 19, 2013 12:45 pm
US dollar declined against most of its major peers on concerns that FED Chairman Ben Bernanke may announce the banks intention to preserve the current level of monthly purchases. The euro rose against the dollar above the psychological level of 1.3400 today, while the Japanese yen rallied. “The market is expecting Bernanke to express some […]
Read moreJune 19, 2013 12:13 pm
The International Monetary Fund warned that proactive vigilance was needed in order the hard won solvency of Spanish banking system to be preserved. During its most recent visit to Euro zones fourth largest economy, IMF experts noted that decisive action had been taken to clean up Spanish banks, but yet financial fragmentation still continued to […]
Read moreJune 19, 2013 10:16 am
USD/CHF pair traded with stability on Wednesday, with market participants eyeing the highly anticipated FED monetary policy statement later today. US dollar advanced to a session high against the franc at 0.9211 during the early European trade, after which the cross consolidated at 0.9201. Support was likely to be received at June 13th low, 0.9130, […]
Read moreJune 19, 2013 9:42 am
British pound lowered against the US dollar to session low on Wednesday after the results from Bank of Englands meeting in June were announced. GBP/USD pair fell down to 1.5615 during early European session, after which consolidation followed at 1.5621. The cross was down by 0.13% for the day. Support was expected at Tuesdays low, […]
Read moreJune 19, 2013 8:31 am
On Wednesday New Zealand dollar edged higher versus its US peer after the release of data, regarding New Zealands current account balance, while market participants continued to focus on FEDs meeting outcome later in the day. NZD/USD pair hit 0.8018 during the later phase of Asian trade, currently the session high, after which consolidation followed […]
Read moreJune 19, 2013 7:49 am
On Wednesday the Australian dollar remained almost without change versus its US counterpart on optimistic data from Australia. However, market sentiment was dominated by wariness ahead of Federal Reserves monthly meeting. During the later phase of Asian trade AUD/USD pair reached a session high at 0.9506, after which consolidation followed at 0.9492. Support was likely […]
Read moreJune 19, 2013 7:10 am
The euro traded steadily against the US dollar on Wednesday, as market players awaited FEDs decision at its monthly meeting later today. EUR/USD pair hit 1.3410 during early European trade, currently the session high, after which consolidation followed at the psychological 1.3400 level. Support was expected at Tuesdays low, 1.3325, while resistance was to be […]
Read moreJune 19, 2013 6:40 am
On Wednesday US dollar advanced against the Japanese yen ahead of the conclusion of Federal Reserve Banks meeting later today. This upward movement, according to experts, could be a signal that the central bank might announce either the tapering, or the exit of its asset purchases. USD/JPY pair rose to 95.52 or by 0.18% in […]
Read moreJune 18, 2013 2:35 pm
US dollar advanced to a session high against its Canadian counterpart on Tuesday as the greenback firmed its positions after the release of US inflation data in line with preliminary estimates. USD/CAD hit 1.0215 during the early hours of US trade, currently the session high and highest since June 13th, after which consolidation followed at […]
Read moreJune 18, 2013 1:24 pm
On Tuesday US dollar rose to a fresh session high versus the Japanese yen after US inflation data met expectations and thus, gave the Federal Reserve Bank leeway to continue asset purchases. USD/JPY pair extended gains, reaching 95.74, currently the session high, after which consolidation followed at 95.60. It was reported earlier that consumer prices […]
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