Monthly Archives: April 2013

EUR/USD: Euro reverses previous session losses

  For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3004, amid rising speculation that the European Central Bank would lower interest rates next week. Furthermore, the jobless rate in Spain rose to … Continue reading

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GBP/USD: Pound jumped as UK escaped triple-dip recession

For the 24 hours to 23:00 GMT, GBP rose 1.02% against the USD and closed at 1.5434, as the UK economy escaped a triple dip recession by recording a better-than-expected economic growth of 0.3% (QoQ) in the Q12013. Market had … Continue reading

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USD/CHF: Swissy continues to trade higher in the Asian session

For the 24 hours to 23:00 GMT, the USD declined 0.20% against the CHF and closed at 0.9454. In the Asian session, at GMT0300, the pair is trading at 0.9433, with the USD trading 0.22% lower from yesterday’s close. The … Continue reading

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AUD/USD: Aussie moves higher as Chinese business sentiment indicator improves

  For the 24 hours to 23:00 GMT, AUD strengthened 0.18% against the USD to close at 1.0294, as risk appetite improved among investors following upbeat US jobless data. LME Copper prices rose 1.4% or $99.5/MT to $7035.0/MT. Aluminium prices … Continue reading

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USD/CAD: Canadian Dollar edged higher tracking rise in commodity prices

  For the 24 hours to 23:00 GMT, the USD declined 0.50% against the CAD to close at 1.0203. The Loonie registered gains as a spike in metal and oil prices lifted the commodity currency. In the Asian session, at … Continue reading

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EUR/USD: Dollar pressured on dismal US durables data

  For the 24 hours to 23:00 GMT, EUR rose 0.17% against the USD and closed at 1.3016. The greenback came under pressure after the US durable goods orders dropped more-than-expected in March. On a seasonally adjusted monthly basis, orders … Continue reading

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GBP/USD: Pound trading higher ahead of GDP data

  For the 24 hours to 23:00 GMT, GBP rose 0.33% against the USD and closed at 1.5277. On the economic front, the number of mortgage approvals in the UK increased to 31,227 in March, from 30,579 in February. The … Continue reading

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USD/JPY: Yen continues to trade higher in the Asian session

  For the 24 hours to 23:00 GMT, the USD weakened 0.22% against the JPY and closed at 99.43. In the Asian session, at GMT0300, the pair is trading at 99.4, with the USD trading marginally lower from yesterday’s close. … Continue reading

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USD/CHF: Swissy trading higher in the Asian session

  For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CHF and closed at 0.9475. In Switzerland, the UBS consumption indicator rose to a level of 1.25 in March, indicating that demand from Swiss consumers was … Continue reading

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USD/CAD: Loonie advanced amid rising commodities

  For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CAD to close at 1.0253. The commodity-sensitive loonie recorded gains amid a sharp rise in oil and copper prices. Yesterday, the Bank of Canada Governor, Mark … Continue reading

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AUD/USD: Pair trading above its MA’s

  For the 24 hours to 23:00 GMT, AUD strengthened 0.18% against the USD to close at 1.0276. LME Copper prices rose 1.8% or $124.5/MT to $6935.5/MT. Aluminium prices advanced 0.7% or $12.5/MT to $1871.0/MT. In the Asian session, at … Continue reading

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