EUR/USD update (13th December 2013, 12:00)37 minutes ago
As the US dollar gained some strength from the growing expectations of a Fed taper next week, the euro pulled back towards the 1.37 level before catching a bounce.
With EUR/USD currently trading at 1.3732, the main resistance to upside is the 1.38 level. It was tested yesterday with the 1.3830 ment...
EUR/USD update (12th December 2013, 17:00)12 Dec 2013
The euro is trading at $1.3762, down 0.18% after some mixed data from the US.
In the US weekly jobless claims jumped by 68,000, a figure much worse than expected; on the other hand retail sales edged higher by 0.1% on the month, indicating an increase in consumerism. Overall this boosted the US dol...
EUR/USD update (11th December 2013, 12:00)11 Dec 2013
The bullish momentum in EUR/USD is still favouring additional euro gains.
Resistance may come in at the 1.3630 level, which is the 50% retracement from the May 2011 highs to the July 2012 lows, and may provide an initial target. A move through this metric puts the 1.40 level in sight. The 1.36/1.36...
EUR/USD update (10th December 2013, 09:00)10 Dec 2013
There is still no reaction to last week’s very strong US unemployment figures.
The positive economic data does not look to have been enough of a catalyst to turn the trend in EUR/USD. The Federal Reserve has stated that the US unemployment rate is one of the barometers it will be using to determine...
AUD/USD update (9th December 2013, 15:00)9 Dec 2013
The Australian dollar is off versus the US dollar after the Australian employment report.
The AUD/USD pair is trading at $0.9083, down 0.2% after the ANZ job advertisement report dropped by 0.8% in November. The report is a measure of job advertisements in major daily newspapers and websites, which...
EUR/USD update (9th December 2013, 13:00)9 Dec 2013
The euro is extending its rally versus the US dollar after a better-than-expected jobs report from the US on Friday.
The EUR/USD pair is trading at $1.3722, up 0.1% as traders appear to no longer be fearful of tapering from the US Federal Reserve. As pointed out by Stan Shamu, the strong jobs data ...
GBP/USD update (6th December 2013, 14:00)6 Dec 2013
The pound is higher versus the US dollar after the UK inflation expectations increased.
The GBP/USD pair is trading a $1.6357; up 0.15% after the British consumer inflation expectations report increased from 3.2% to 3.6% on the quarter. The data shows that the Bank of England’s stimulus package has...
EUR/USD update (6th December 2013, 12:00)6 Dec 2013
The euro is broadly unchanged versus the US dollar as dealers wait for the unemployment report from the US.
The EUR/USD pair is trading at $1.3668, down slightly on the day as traders dally ahead of the non-farms payrolls and US unemployment reports at 1.30pm (London time). The data is considered t...
EUR/USD update (05th December 2013, 14:30)33 minutes ago
The euro is broadly unchanged versus the US dollar as traders wait for the European Central Bank (ECB) to make its interest rate decision.
The EUR/USD currency pair is dancing around the $1.36 mark as dealers play the wait-and-see game ahead of the interest rate decision at 12.45pm. The market was ...