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Currencies News
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FX round-up: Dollar nurses broad losses on Fed uncertainty
Thursday 13 Jun 2013
The dollar moved lower against major currencies on Wednesday, in turbulent trading, as investors mulled the prospect of the Federal Reserve tapering back its stimulus plan later this year and as Bank ... Read More
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German constitutional court praises conditions on ECB's OMT
Wednesday 12 Jun 2013
As the German constitutional court moves through its second day of hearings on the legality of the European Central Bank's (ECB) Outright Monetary Transactions (OMT) program which potentially allows i... Read More
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Eurozone sees surprise increase in industrial production
Wednesday 12 Jun 2013
The Eurozone saw a surprise increase in industrial production in April even though the area's economy is expected to remain in recession during the second quarter. Read More
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Greece lowered to emerging-market status, struggles with finances
Wednesday 12 Jun 2013
The equity index provider MSCI Inc has lowered Greece from 'developed'- to 'emerging-market' status, because the Hellenic Republic has not met size requirements for the last two years. Read More
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EUR/USD: Breaking through resistance again
Wednesday 12 Jun 2013
On Tuesday, the EUR/USD was able to move above the resistance level at 1.3305 although not by a very big margin, according to technical analysts at Digital Look. Read More
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GBP/USD: Reaching for resistance
Wednesday 12 Jun 2013
Technical analysts at Digital Look have pointed out that the GBP/USD is steps away from the resistance level at 1.57. Read More
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EUR/JPY: Support still holds
Wednesday 12 Jun 2013
The EUR/JPY is holding above the support level of 124.92-126, according to technical analysts at Digital Look. Read More
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USD/JPY: Still flirting with support
Wednesday 12 Jun 2013
Tuesday's candlestick for the USD/JPY does not invite much optimism, according to technical analysts at Digital Look. Read More
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German inflation picks up in May
Wednesday 12 Jun 2013
Germany reported an increase in inflation from a two and a half year low on Wednesday. Read More
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FX round-up: Yen jumps as BoJ holds off from new stimulus
Wednesday 12 Jun 2013
The Japanese yen rose sharply against the dollar and the euro on Tuesday as the Bank of Japan refrained from expanding its stimulus measures. Read More
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Turkey protests continue while GDP beats consensus
Tuesday 11 Jun 2013
Turkey riot police have again stormed into Istanbul's Taksim Square on Tuesday in order to control anti-government protests even as data showed that the country's economy grew more than expected in th... Read More
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USD/JPY: Revisiting 100 soon perhaps
Tuesday 11 Jun 2013
A short-term price chart for the USD/JPY does not present a very clear picture for the future outlook, according to technical analysts at Digital Look. Read More
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EUR/JPY: In a lateral trading range
Tuesday 11 Jun 2013
The EUR/JPY trades in a lateral trading range since April and at the end of a bullish trend that began last summer, according to technical analysts at Digital Look. Read More
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EUR/USD: Testing resistance levels
Tuesday 11 Jun 2013
The EUR/USD is testing the resistance level at 1.3305, Friday's intraday high, according to technical analysts at Digital Look. Read More
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German court to question legality of ECB's OMT programme - UPDATE
Tuesday 11 Jun 2013
As Germany's constitutional court kicks off its first day of hearings on the legality European Central Bank's (ECB) Outright Monetary Transactions (OMT) programme that allows for the large scale purch... Read More
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FX round-up: Dollar rallies after Japanese data, US outlook
Tuesday 11 Jun 2013
The dollar made strong progress against the yen on Monday in the wake of better than expected Japanese data and as Standard & Poors raised its outlook for the US economy. Read More
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US outlook revised to stable by S and P on receding fiscal risks
Monday 10 Jun 2013
Global ratings agency Standard & Poor's (S&P) has upgraded its outlook for the US from 'negative' to 'stable' reflecting its view that fiscal risks in the country have reduced. Read More
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Turkish lira hit by anti-government clashes
Monday 10 Jun 2013
The Turkish lira opened the week taking a strong hit against the US dollar as Turkey tries to control anti-government demonstrations that pose a political risk for the country. Read More
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USD/JPY: A bounce is expected
Monday 10 Jun 2013
The USD/JPY formed an interesting reversal formation on Friday, which can be denominated a hammer formation, according to technical analysts at Digital Look. Read More
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AUD/USD: Testing the 2011 low
Monday 10 Jun 2013
The AUD/USD has opened the week with a significant bearish gap at 0.9510 marking a strong resistance level. Read More
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