May 20, 2013 8:43 am
Ernst & Young gave a warning on Monday, that inflation rate in United Kingdom could climb during summer period and remain above the targeted level of 2% in foreseeable perspective. An economic forecasting group, the ITEM club, announced that high inflation could remain a permanent fixture of countrys economy. According to clubs report, consumer price […]
Read moreMay 20, 2013 7:56 am
British pound gained ground versus US dollar during Monday trading session, after official report stated that real estate sellers in United Kingdom increased asking prices during May for fifth month in a row. House price index rose by 2.1% during May, compared to previous month to an average 249 841 British pounds or about 380 […]
Read moreMay 20, 2013 7:27 am
Japanese yen moved upwards against most of the major currencies after Japanese Economy Minister Akira Amari stated that further currency losses would have a potential negative effect on households. Bloomberg reported, that yen currency jumped off from more than four year low versus US dollar, after Akira Amari expressed his concerns about a speculation, that […]
Read moreMay 17, 2013 5:01 pm
GBP/USD pair registered a sharp decline to six week low versus US dollar through the course of Friday trade session, after the release of strong US data. The positive signals encouraged expectations of a possible near-term exit of the FEDs stimulus program and sent US dollar up against most major currencies. GBP/USD fell to 1.5160, […]
Read moreMay 17, 2013 2:43 pm
Leading Indicators Index in United States, which was published earlier today, rose by a greater than expected rate during April. The index showed an increase in value to 0.6%, while expectations were for a 0.2% rise. During the previous period the indicator marked a 0.2% slow down. Experts from Conference Board, the group, which evaluates […]
Read moreMay 17, 2013 1:52 pm
The euro currency sunk to 1 year low versus the US dollar at 1.2815, after Benoit Coeure, European Central Bank board member, confirmed that the bank was on a research for further strengthening of the real economy lending, especially the Small and Medium Enterprises (SME) sector. It was reported that probably ECB would stick to […]
Read moreMay 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 […]
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