May 28, 2013 8:52 am
Increased demand for US dollars influenced British pound on Tuesday, as GBP/USD edged lower. The pair tumbled to 1.5062 during European trade session, lowest value since Friday, then consolidation followed at 1.5090-1.5094. Support was expected at 1.5018, lowest from May 22nd, while the pair was to meet resistance at 1.5159, Monday highest. Expectations arose that […]
Read moreMay 28, 2013 7:27 am
The Australian dollar moved up against its US counterpart during early European trade on Tuesday, as investors await the crucial economic data from United States, scheduled to be released later today. However, AUD/USD still remained close to 11-month lows. The pair reached 0.9653 in the late hours of Asian session, while currently trading at 0.9656. […]
Read moreMay 28, 2013 7:17 am
US dollar expanded positions against its major peers during early European trade on Tuesday in expectation of crucial data from the United States. The dollar index, which gauges US currency performance against a basket of six other major currencies, rose to 83.99, adding 0.1%, as speculations appeared that potentially good fundamentals from US, could encourage […]
Read moreMay 28, 2013 6:48 am
Euro zones second largest economy must deliver promised budget cuts in order to avoid further credit rating downgrade, analyst from Standard & Poors said yesterday. The ratings agency diminished the AAA credit rating of France in January 2012, and it would confirm the countrys AA rating, if France managed to stabilize public debt ratio by […]
Read moreMay 27, 2013 1:59 pm
On Monday trade was thin due to closed markets in UK and US for public holidays. US dollar decreased in value against the yen, as USD/JPY dropped to 100.91 during European afternoon session. Today Japanese Nikkei 225 broadened its decline from Friday last week, due to concerns whether FED would reduce scale of its bond […]
Read moreMay 27, 2013 12:35 pm
During Mondays thin trade GBP/USD remained almost without change, as UK and US markets were closed for holidays. The pair reached 1.5159 during late European session, highest value for today, after which consolidation followed at 1.5122. The cross was to find support at 1.5062, lowest from last Friday, while resistance levels were expected at May […]
Read moreMay 27, 2013 12:11 pm
ECB Executive Board member Joerg Asmussen said that the central bank will stick to its expansive monetary policy for as long as needed, but keeping interest rates on low level for a long period of time, could generate potential risks. Asmussen said the ECB should tread cautiously on the idea of taking its deposit rate […]
Read moreMay 27, 2013 8:13 am
USD/JPY lowered on Monday, as investors were on alert, concerning FED easing policy. The pair reached 100.78 during late Asian trade, which was lowest value for current session. Support levels were expected at 100.53, lowest from May 10th, while resistance was to be met at 102.56, highest value from Friday. The yen gained strength as […]
Read moreMay 27, 2013 7:15 am
Mondays trade session was calm for the EUR/USD cross, after strong data from Germany was released last Friday and also expectations for a near-term exit of FED easing program boosted demand for US dollars. The pair reached 1.2946 during late hours of the Asian trade session, highest value for today, then EUR/USD fell slightly to […]
Read moreMay 27, 2013 6:29 am
During Monday Asian trade, Australian dollar retreated against the US counterpart, as investors were with bearish sentiment towards the Aussie. The pair dropped to 0.9630. Support levels were expected at 0.9592, lowest value from Friday last week, while the pair was likely to meet resistance at 0.9750, highest for Friday session. US Commodity Futures Trading […]
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