May 17, 2013 12:57 pm
US dollar expanded its positions against Canadian dollar during Friday trade session, after a series of crucial data for Canadas economic activity was released. The pair rose to 1.0309, Friday session high value, from trading in the 1.0264-84 zone. USD/CAD was expected to meet resistance at 1.3000-1.3032, while the support levels were at 1.0215-1.0200. Minutes […]
Read moreMay 17, 2013 10:00 am
Earlier today was reported, that construction sector in the single currency zone continued to contract for the fifth month in a row. It turned out to be the most prolonged decline in economic activity in the region since World War II. Published official data showed, that Construction Output sunk by 1.7% during March, deepening compared […]
Read moreMay 17, 2013 8:17 am
During early European trade session the euro currency retreated against the US dollar, as trade was set in the 1.2860-85 range, while yesterday the pair reached 1.2930 after the release of weak economic data from the United States. US dollar decreased its value in relatively short-term, because of disappointing labour market data, after which during […]
Read moreMay 17, 2013 7:57 am
On Friday session, US dollar advanced against the Japanese yen closing in to a new 4,5 year high. Major influence was the speculation over a possible earlier exit of FEDs stimulus program than expected. The pair reached 102.58 during European trade, followed by consolidation at 102.48. Support levels were expected at 101.26, May 14th low […]
Read moreMay 17, 2013 7:02 am
During Friday trade the US dollar was on its way towards 10 month high against a basket of major currencies, after the president of Federal Reserve Bank for San Francisco, John Williams, announced FEDs intention of a possible exit of the easing program by the end of this year. Most investors saw similarity between John […]
Read moreMay 16, 2013 7:15 pm
According to official data, published earlier today, business activity amongst the Philadelphia manufacturers declined during May. Philadelphia index sunk to -5.2 points during May, while a month ago the reading showed +1.3 points. Results stated, that most of the featured companies gave negative forecasts about future development of their business. Experts estimated the value to […]
Read moreMay 16, 2013 2:47 pm
Through the course of Thursday trade session US dollar shorted its gains versus the Canadian dollar due to renewed speculation, that weak US data could urge Federal Reserve Bank not to reduce the scale of the stimulus program this year. USD/CAD cross dropped from 1.0208, highest session value, to 1.0180, but still preserving a daily […]
Read moreMay 16, 2013 2:18 pm
Initial Jobless Claims indicator rose during last week, as the number of american citizens in search for a job increased. This could be interpreted as continuing uncertainty about the recovery of US labour market. Claims rose to 360 000 during last week, from the revised number of 328 000 during the previous period. Experts estimated […]
Read moreMay 16, 2013 1:51 pm
During Thursday trading session US dollar sharply retreated versus the euro and the Japanese yen, right after the release of disappointing economic data from United States. USD/JPY cross fell to 102.31, as it reached almost 102.70 during late European session. It was reported that Initial Jobless Claims rose by 32 000 to 360 000 last […]
Read moreMay 16, 2013 12:42 pm
Germanys Finance Minister, Wolfgang Schaeuble, announced today, that problems, which small and medium business in Euro zone encounters, could not be solved by a simple decrease in the base interest rate by the European Central Bank. Schaeuble pointed out that problems in the Small and Medium Enterprises (SME) sector could be a result of a […]
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