June 4, 2013 4:02 pm
US dollar rose to session high against the Canadian counterpart on Tuesday, after official data stated that both the US and Canadian trade balance deficits increased during April. USD/CAD reached 1.0336 during early American trade, currently the session high, after which consolidation followed at 1.0324, adding 0.44% for the day. The pair was likely to […]
Read moreJune 4, 2013 12:18 pm
EUR/USD edged higher on Tuesday during European afternoon session, but gains seemed limited, because investors awaited European Central Bank monthly meeting this Thursday and nonfarm payroll data from United States on Friday. The cross reached 1.3102 during late European trade, currently session high, after which consolidation followed at 1.3090. The pair was up by 0.12% for […]
Read moreJune 4, 2013 9:20 am
On Tuesday British pound was off lows versus the US dollar, as it was reported that UK Construction CIPS indicator rose in May to highest value since October 2012. After dipping to 1.5283, lowest level for current trade, pound climbed to 1.5320 during European trade. Support was expected at Monday low, 1.5190, while resistance was to […]
Read moreJune 4, 2013 7:39 am
On Tuesday US dollar moved up against the Japanese yen, as markets awaited the speech on economic growth strategy by Japanese Prime Minister Shinzo Abe tomorrow. USD/JPY reached 100.43 during the later hours of Asian session, currently highest value, after which consolidation followed at 100.30. Support was expected at Monday low, 98.85, while resistance was to […]
Read moreJune 4, 2013 7:06 am
On Tuesday euro slipped to lower levels versus the US dollar, as the greenback managed to regain positions against its peers, after yesterdays weak manufacturing data from United States, which caused dollar to plunge. EUR/USD pair slid to 1.3051 during Asian trade, currently the session low, after which consolidation followed at 1.3060. The pair was […]
Read moreJune 4, 2013 6:39 am
Reserve Bank of Australia did not introduce any change in its base interest rate, as inflation prospects remained calm and Australian dollar was still at high levels against peers. RBA left base interest rate at the record low 2.75% level. Experts from the bank assured that its current monetary policy course was appropriate. They also […]
Read moreJune 3, 2013 3:00 pm
Manufacturing activity in the United States contracted during May to its lowest level since June 2009, Institute for Supply Management (ISM) reported. The indicator, which shows activity among managers of manufacturing companies dipped to 49.0 during May, as previous month reading showed 50.7. Preliminary estimates stated an identical reading to that in April. US ISM […]
Read moreJune 3, 2013 1:55 pm
US dollar trimmed losses against its Canadian counterpart during Monday trade, with markets focused on upcoming ISM data from United States. USD/CAD distanced from current session low at 1.0299, to move forward to 1.0360 during early phase of American trade. Support was expected at May 28th low, 1.0323, while resistance was likely to be met […]
Read moreJune 3, 2013 1:19 pm
US dollar distanced from session lows versus the euro, as markets focused on upcoming manufacturing data from the United States, expected later today. EUR/USD traded at psychological level, 1.3000-1.3007 during late European session, off session high at 1.3044, after better than projected PMI data was released and postponed expectations that more easing measures were on […]
Read moreJune 3, 2013 11:44 am
US dollar remained almost unchanged against the Swiss franc during Monday trade, with markets focused on upcoming manufacturing data from the United States. Demand for US dollars remained restrained, especially after the release of positive PMI data from United Kingdom and the Euro zone. USD/CHF pair reached 0.9584 during early European trade, the session high, […]
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