Currency News - Part 524

US Dollar lifted from lows against Japanese Yen

May 16, 2013 7:51 am

In expectation of Thursday US data, the dollar increased its value versus the Yen. USD/JPY jumped off levels around 101.97 and reached the 102.35-44 zone during the course of trade. The pair was expected to find resistance at 102.75, highest value from Wednesday, while the support levels were at 101.50, lowest value from Monday. Positive […] Read more

Euro being traded closely to six week low against the US dollar

May 16, 2013 7:17 am

During Thursday trading session the single currency reached six week low against the US dollar, after crucial data, that came out on Wednesday, regarding the contracting Euro zone economy for sixth quarter in a row. EUR/USD cross reached levels at 1.2855-57, followed by certain increase and consolidation at 1.2866, during Asian session. The pair was […] Read more

US producer prices with widened decline

May 15, 2013 7:22 pm

US demand still keeps a low profile, for today it became clear the Producer Price Index during April fell by 0.7%, compared to March 2013. This monthly drop of indicators value turned out to be the greatest since February 2010. Current decline of the index was driven mostly by decreased prices of energy products, which […] Read more

British pound preserved positions against US dollar due to Bank of England statements and strong UK data

May 15, 2013 6:20 pm

During todays trading session after the statements of Bank of England experts and optimistic data from UK, british pound managed to preserve gained ground versus the US dollar. GBP/USD cross reached 1.5272 in the early phase of US session today, followed by consolidation at 1.5240. Resistance level was expected at 1.5331, highest value from Tuesday, […] Read more

Industrial activity in New York area surprisingly shrinks

May 15, 2013 2:28 pm

New York Empire Manufacturing Index unexpectedly contracted in May as factories remained short of orders and sales slowed down, Bloomberg reported. The Federal Reserve Bank of New York’s general index dropped to -1.43 this month from 3.05 during April. Values below zero stress on contraction in New York, northern New Jersey and southern Connecticut. Bloomberg […] Read more

EUR/USD pair trades near six week low levels after the disappointing data from United States

May 15, 2013 1:27 pm

Through the course of todays trade the EUR/USD cross diminished its value to near six week low, because of the disappointing data from US and the shrinkage of Euro-zones Gross Domestic Product. The euro slides down to 1.2844 against the US dollar, its lowest level since April 4th, then gained some ground and reached 1.2870-77. […] Read more

Euro-zone’s recession continues

May 15, 2013 12:34 pm

The economic situation in the Euro-zone continues its course towards contraction, as the Gross Domestic Product (GDP) during Q1 has dropped by 1.0% on annual basis, while on quarterly basis this major indicator has decreased by 0.2%. The estimated value, concerning the annual GDP in the Euro-zone, was a 0.9% decline. The data, which was […] Read more

GBP/USD rises as optimism appeared after UK labour market data

May 15, 2013 9:21 am

Today GBP/USD pair increased, right after the release of positive data, concerning the labour market situation in United Kingdom. The pound expanded its positions versus the US dollar, reaching 1.5254 during European trade session. Resistance levels were expected at 1.5331, Tuesday high value, while the pair was to be supported at 1.5099, low value on […] Read more

France in recession?

May 15, 2013 8:03 am

French economy submerged during the first quarter of 2013, according to data announced today. This was second quarter in a row of Gross Domestic Product (GDP) shrinkage, as the second largest economy in the Euro-zone contracted by 0.2% during Q4 of 2012. Todays data confirmed that French GDP reduced its value by another 0.2% during […] Read more

US Dollar is being traded near four and half year highs against Yen in expectation of the US data

May 15, 2013 7:39 am

During the trading session today USD/JPY cross rose to 4 and half year high, as investors lie in wait for the crucial data from United States, regarding Producer Price Index, Core Producer Price Index, Industrial Production and Treasury International Capital Flows, due to come out today. Alongside these expectations, speculations have appeared about Federal Reserve […] Read more