June 10, 2013 1:29 pm
Canadian Housing Starts indicator climbed by 13.8% in May, reaching an annual value of 200 178 units. Aprils reading was revised up to 175 922 units, while experts projected a more moderate rise to 179 100 units. Housing Starts in cities increased by 14.6%, as multifamily house construction registered a 22.2% rise. Single-family house construction […]
Read moreJune 10, 2013 9:59 am
On Monday US dollar continued its expansion against the yen even further, compared to Friday trade session, after the release of US Non-Farm sector Employment data. USD/JPY pair climbed to 98.78 during European morning trade, highest since last Thursday, after which consolidation followed at 98.65. Support was expected at 98.00, while resistance was to be […]
Read moreJune 10, 2013 9:26 am
Economic data, released from China during the weekend put selling pressure upon the Australian dollar on Monday, as AUD/USD fell to fresh twenty-month low. The cross slid to 0.9392 during the later phase of Asian trade, lowest value since October 4th 2011, after which consolidation followed at 0.9420. The pair was down by 0.74% for […]
Read moreJune 10, 2013 8:03 am
On Monday the dollar index rose for a second day in a row ahead of Federal Reserve of St. Louis President James Bullard statement, expected later in the day. Speculations were fueled that FED will embark on a slow down of its easing program on signals that economy began to improve. US dollar advanced against the […]
Read moreJune 10, 2013 6:39 am
French President Francois Hollande said to an audience of business leaders organized by the Nikkei media group in Japan on Saturday, that Euro zone crisis was over. “We have used various measures to address weaker nations. Member nations have tried to restore fiscal health. We have also established a banking federation. Due to these efforts, yields in […]
Read moreJune 7, 2013 2:51 pm
Canadian employers added the largest number of job posts since August 2002, nearly six times above projections, as half of them were in the sector of construction. The number of people employed rose by 95 000, far exceeding the expected 15 000. Unemployment rate in Canada fell to a three-month low in May at 7.1%, […]
Read moreJune 7, 2013 12:54 pm
Euro lowered against the US dollar on Friday after mixed data was released from the United States, fueling uncertainty over the future moves by FED, regarding its asset purchases. EUR/USD climbed as high as 1.3286 during European afternoon trade, highest for the current session, after which consolidation followed at 1.3230. Support was expected at May […]
Read moreJune 7, 2013 12:05 pm
Greeces economy continued to shrink at a steeper than projected rate during the first quarter of the year. Final data showed that Greek GDP reduced its value by 5.6% during Q1 on annual basis, more than the predicted 5.3% drop. Final Consumer Spending decreased by 8.3%, while the accumulated capital declined by 11.4%. Countrys trade […]
Read moreJune 7, 2013 9:44 am
British pound edged lower against the US dollar on Friday, still supported by good UK trade balance data, but market focus was on US Non-Farm Payrolls change, expected later in the day. GBP/USD slid to 1.5565 during European trade, currently the session low, after which consolidation followed at 1.5575. Support was expected at May 7th low, […]
Read moreJune 7, 2013 8:50 am
On Friday US dollar lost ground against the Japanese yen, as US currency was pressured down in expectation of the employment report from the United States. Some experts projected that it will show a slow down in the number of jobs added, as such possible result could postpone expectations that the Federal Reserve Bank will […]
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