May 15, 2013 1:27 pm
Through the course of todays trade the EUR/USD cross diminished its value to near six week low, because of the disappointing data from US and the shrinkage of Euro-zones Gross Domestic Product. The euro slides down to 1.2844 against the US dollar, its lowest level since April 4th, then gained some ground and reached 1.2870-77. […]
Read moreMay 15, 2013 12:34 pm
The economic situation in the Euro-zone continues its course towards contraction, as the Gross Domestic Product (GDP) during Q1 has dropped by 1.0% on annual basis, while on quarterly basis this major indicator has decreased by 0.2%. The estimated value, concerning the annual GDP in the Euro-zone, was a 0.9% decline. The data, which was […]
Read moreMay 15, 2013 9:21 am
Today GBP/USD pair increased, right after the release of positive data, concerning the labour market situation in United Kingdom. The pound expanded its positions versus the US dollar, reaching 1.5254 during European trade session. Resistance levels were expected at 1.5331, Tuesday high value, while the pair was to be supported at 1.5099, low value on […]
Read moreMay 15, 2013 8:03 am
French economy submerged during the first quarter of 2013, according to data announced today. This was second quarter in a row of Gross Domestic Product (GDP) shrinkage, as the second largest economy in the Euro-zone contracted by 0.2% during Q4 of 2012. Todays data confirmed that French GDP reduced its value by another 0.2% during […]
Read moreMay 15, 2013 7:39 am
During the trading session today USD/JPY cross rose to 4 and half year high, as investors lie in wait for the crucial data from United States, regarding Producer Price Index, Core Producer Price Index, Industrial Production and Treasury International Capital Flows, due to come out today. Alongside these expectations, speculations have appeared about Federal Reserve […]
Read moreMay 15, 2013 7:14 am
After being traded at levels near 1.2940-43 the euro tumbled to 1.2899, after the release of data to show the overall economic activity in Euro zones first two largest economies. The preliminary value of Germanys Gross Domestic Product (GDP) during the first quarter of the year showed, that economy contracted at the rate of 0.2% […]
Read moreMay 14, 2013 7:26 pm
The US dollar slowed its momentum during the trading session today, as most investors prefered to close their profitable positions and wait for the publication of series of crucial macroeconomic indicators on Wednesday. Major concern amongst investors again turns out to be Federal Reserve Banks intentions to reduce the scale of financial stimulus program or […]
Read moreMay 14, 2013 3:02 pm
The brittish pound has slided to a two-week low versus US dollar with investors diminishing their United Kingdom currency portfolios in expectation of the inflation report by Bank of England, to be released tomorrow. This over 2% fall of the sterling comes after the GBP/USD May 1 high 1.5606. Bloomberg reported, that Bank of England […]
Read moreMay 14, 2013 1:51 pm
During the trading session earlier today the EUR/USD pair changed slightly with investors, remaining cautious, right after the release of ZEW indicators and industrial production data in the Eurozone. The EUR/USD cross fell to 1.2946, followed by consolidation at the 1.2975 level. The pair was expected to receive support at April 5 low 1.2903 and […]
Read moreMay 14, 2013 1:06 pm
The major economic sentiment indicator for Germany, announced earlier today, has remained at levels, slightly higher during May, compared to the previous month. ZEW Sentiment has increased hardly by 0.1 points to 36.4. This news comes as a surprise, as the economic data for Germany, released today, showed some positivity. It became clear, that the […]
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