May 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 […]
Read moreMay 23, 2013 1:14 pm
US dollar decreased significantly versus the yen on Thursday, as China reported weak economic data and indications appeared that FED might reduce scale of easing, which provoked safe heaven search among investors. During late European session, USD/JPY pair dropped to 101.47. In testimony to the U.S. Joint Economic Committee yesterday, Fed Chairman Bernanke said a […]
Read moreMay 23, 2013 12:20 pm
EUR/USD pair increased in value during Thursday trading session, but gains seemed limited after the announcement by FED that it could taper its asset purchasing program, while investors shorted their risk appetites. The cross reached 1.2905 during late hours of European trade, highest value for the current session, then EUR/USD distanced, falling to 1.2883-1.2888. The […]
Read moreMay 23, 2013 10:23 am
US dollar shorted positions against the Swiss franc during Thursday trade session, as focus was moving to crucial economic data from US, expected later today. USD/CHF pair fell to 0.9634 during European trade session, lowest value since May 16th, then jumped off to 0.9648. The cross was expected to receive support at 0.9578, May 16th […]
Read moreMay 23, 2013 10:02 am
Ben Broadbent, a member of the Bank of Englands Monetary Policy Committee, stated that Japans monetary policy was a big experiment, which could lead to market volatility. “Japan, of course, is in the midst of what amounts to a big monetary experiment, so I think we should see the volatility in equity markets and indeed […]
Read moreMay 23, 2013 8:55 am
GBP/USD pair reached session high versus US dollar during Thursday trade, after official GDP data from United Kingdom. The cross hit 1.5076 during European trade session, highest for today, after which consolidated at levels around 1.5070. Support was expected at 1.5012, lowest value for current session, while the pair was to meet resistance at 1.5100. […]
Read moreMay 23, 2013 8:24 am
USD/JPY pair decreased in value during Thursday trade session, as Japanese bond yields reached one year highs and data showed that China’s manufacturing sector shrank for the first time in seven months during May. The pair fell to 101.42 during Asian session, which was lowest value since May 14th, after which recorded certain gains, increasing […]
Read moreMay 23, 2013 7:47 am
EUR/USD pair rose gradually to a session high at 1.2878 during European trade session, after Purchasing Managers Index data was released for France and Germany. The pair was expected to find support at 1.2800-1.2775, while resistance levels were expected near yesterday session highest value, at 1.2998-1.3020. Earlier it was reported that Advance Manufacturing Purchasing Managers […]
Read moreMay 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 […]
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