May 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 […]
Read moreMay 24, 2013 8:06 pm
Earlier today official data showed that Durable Goods Orders in United States recorded a positive change during April, showing improvement in countrys production sector, which had been the slowing factor for economic recovery. Durable Goods Orders increased by 3.3% during April on monthly basis to 226 billion USD, while estimates showed a 1.3% increase. Data […]
Read moreMay 24, 2013 7:56 am
EUR/USD pair was stable during early hours of Fridays European trade session after positive signal came from Germany, regarding consumer confidence and also on speculations about FED asset purchasing program exit in short-term. During later hours of Asian session, EUR/USD reached 1.2944, session highest value, after which consolidation followed at 1.2930-40. The pair was expected […]
Read moreMay 23, 2013 2:56 pm
New Home Sales in United States registered an increase during April, while house prices reached record levels. It became obvious that US real estate sector is in process of improvement, as home sales rose significantly during spring period. New Home Sales indicator was up by 2.3% during April to seasonally adjusted 454 000 units, second […]
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