May 22, 2013 6:38 am
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 moreMay 21, 2013 3:03 pm
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 moreMay 21, 2013 1:54 pm
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 moreMay 21, 2013 11:56 am
During Tuesday trade session US dollar expanded positions against most of its major peers, while markets lie in wait for Wednesday’s Federal Reserve minutes and testimony by Fed Chairman Ben Bernanke. US dollar increased significantly its value against the British pound, as GBP/USD reached 1.5156 today after the release of UK consumer price and producer […]
Read moreMay 21, 2013 9:31 am
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 moreMay 21, 2013 9:00 am
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 moreMay 21, 2013 8:06 am
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 moreMay 21, 2013 7:37 am
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 moreMay 21, 2013 7:02 am
Euro zone common currency increased its value against the US dollar during early European trade session, after the pair hit highest value since May 16th during Asian session at 1.2904. Speculations arose whether gains would remain limited before FED minutes on Wednesday. EUR/USD pair is being traded at 1.2885-89 at the moment of the present […]
Read moreMay 21, 2013 6:34 am
US dollar increased value against major peers, as EUR/USD pair fell to 1.2872 during Asian trade session on Tuesday. Yesterday Czech Republic President Milos Zeman announced that the country was ready to adopt the euro currency within five years. Czech Republic, already an European Union member, is experiencing the worst recession since 1996. Another pair, […]
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