Currency News

Japan’s trade balance deficit rose during April

It was reported earlier today, that deficit on Japans Trade Balance widened during April, as import grew at a higher rate than export. Deficit figure rose to 880 billion JPY during April from 364 billion JPY during the preceding month. It became clear that export rose below expectations by 3.8% annually, while import exceeded estimates […] Read more

EUR/USD pair steady before Bernanke testimony

EUR/USD cross remained almost without change during early European session on Wednesday, as markets await the economic testimony of FED Chairman Ben Bernanke today. The pair reached 1.2939 during Asian session, highest value since May 15th, after which the euro positioned itself versus US dollar at 1.2911-1.2920 levels. Support was likely to be received at […] Read more

European Central Bank should follow FED policy, according to James Bullard

A senior Federal Reserve official, James Bullard stated on Tuesday, that asset purchasing on huge scale was the closest move to a normal monetary policy, especially when interest rates fell towards zero. He gave a remark that European Central Bank was to take such measures if inflation rates continued to decline. St. Louis Federal Reserve […] Read more

British pound continued to sink against US dollar

British pound sunk during Tuesday trading session against US dollar on official data, regarding consumer prices inflation in United Kingdom, which dropped for the first time during April since September. GBP/USD pair fell to 1.5111, a lowest value since April 4th, after which was set at levels 1.5121-1.5130. Support was expected at April 3rd lowest […] Read more

US dollar continued its expansion against Canadian counterpart

During Tuesday early American session USD/CAD pair reached 1.0297, session high for the moment of this article, as FED minutes and Ben Bernanke testimony were at the center of markets attention. USD/CAD increased to 1.0297, after which consolidated at slightly lower levels, 1.0286-88. Support levels were expected at 1.0234, lowest value for current session, while […] Read more

Producer Price Index in Germany hit 3-year low

Earlier today official data came out, regarding production cycle prices in Germany, which showed deceleration during April. Major reason for this decline was the dropping oil prices, as Producer Price Index (PPI) reached three year low on annual basis. PPI decreased in value by rate of 0.2% during April, while estimates showed barely a 0.1% […] Read more

GBP/USD reacted downward after consumer price data from UK

British pound lowered below 1.5200 against US dollar on release of the crucial consumer price index data from UK today. GBP/USD pair reached 1.5171, currently sessions lowest value. Resistance levels were expected at 1.5255-1.5275, while the pair was likely to be supported at 1.5180-1.5160. It was reported that Consumer Price Index (CPI) in UK slowed […] Read more

Awaiting UK consumer inflation data, GBP/USD almost unchanged

British pound showed a slight change in positions against US dollar, right before the official report, regarding Consumer Price Index (CPI) in the United Kingdom. Economists expect a slow down in inflation rate. British currency regained strength after almost six week low versus US dollar yesterday, after news of rising asking prices of UK houses […] Read more

US dollar expanded against Japanese yen

USD/JPY pair managed to recover from losses from the last trading session. The cross reached 102.77 during the final hours of the Asian session. Support levels were expected at 102.06, lowest value for the whole session, while the pair was likely to meet resistance at 103.00-03. On Sunday Japanese Economy Minister, Akira Amari announced that […] Read more