May 22, 2013 4:16 pm
The euro registered a sharp jump against US dollar during early American session, reaching 1.2998, highest value for todays trade, after which lost gained positions, falling down to 1.2862. Major reason was FED Chairman Ben Bernankes testimony earlier today, as he remarked FED could not tighten easing policy yet. EUR/USD was expected to receive support […]
Read moreMay 22, 2013 3:07 pm
FED Chairman Ben Bernanke expressed his support of the continuing economic easing policy in his speech at FEDs May meeting today. According to his statement, such course had been favorable for US Economy, but he also warned that Federal Reserve Bank could not compensate negative influence, imposed by federal budget restraints. Bernanke announced that while […]
Read moreMay 22, 2013 1:18 pm
USD/CAD pair registered a sharp rise to ten-week high during European afternoon trade, after disappointing Retail Sales data from Canada. The pair rose to 1.0332. Resistance levels were expected at 1.0355, while support was to be received at 1.0220. Official data was announced today, regarding Canada Retail Sales, as it became clear that this indicator […]
Read moreMay 22, 2013 12:46 pm
EUR/CHF pair advanced to two-year high during Wednesday trade session, after Swiss National Bank (SNB) Chairman Thomas Jordan announced that SNB would stick to EUR/CHF cap at 1.2000 and the possibility of negative interest rates if that was necessary. The pair hit 1.2614 during afternoon session in Europe, which was highest value since May 20th […]
Read moreMay 22, 2013 12:11 pm
During Wednesday European session the euro gained positions versus US dollar as markets focused on FED chairman Ben Bernanke statement at the U.S. Joint Economic Committee today. The pair traded above 1.2900, as during the early hours of European trade session EUR/USD increased to 1.2939, and during the afternoon phase of the session reached 1.2957. […]
Read moreMay 22, 2013 9:55 am
Euro currency registered an expansion against the British pound on Wednesday trade session to one month high after official data from UK showed that Retail Sales sunk during April. EUR/GBP pair rose to 0.8578 during European session, highest value since April 22nd. EUR/GBP was expected to receive support at 0.8513, lowest value for current session, […]
Read moreMay 22, 2013 8:54 am
Minutes ago was reported that Retail Sales in United Kingdom registered a drop by 1.3% during April on a monthly basis, distancing from estimated value for a 0.1% increase and further deteriorating in comparison with official data during previous month, which showed a decline by 0.6%. GBP/USD pair erased earlier gains and dropped sharply from […]
Read moreMay 22, 2013 8:21 am
Bank of Canada Governor Mark Carney stated on Tuesday, that Europe could be up against stagnation, unless it embarks on big reforms and follows Japans current policy to boost economic growth. Carney said that recession in Europe was held back by fiscal austerity, thin credit policy and low confidence. Carney, who is expected to take […]
Read moreMay 22, 2013 7:29 am
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 moreMay 22, 2013 7:01 am
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 […]
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