• Forex » Euro Hits Fresh 2-year Highs on ECB Caution
    December 27, 2013, 19:14 GMT

    The euro surged to a two-year high against the US dollar after an official at the European Central Bank cautioned against ultra loose monetary policy. The ECB has been considering unconventional monetary policy tools in order to shore up inflation, which fell in October to the lowest level in four years. According to ECB Governing

  • Sergiy Zlyvko
    Currency » 24 December Forex daily review
    Sergiy Zlyvko - December 26, 2013, 10:27 GMT

    Tuesday was not unlike the previous trading day. Sluggish activity of market participants and more puzzled preparations for the celebration of Christmas led to minor fluctuations in key currency pairs. Macroeconomic releases just for a time brought some recovery. By the end of trading Tuesday, the U.S. dollar rose against most currencies. Because of the

  • Sergiy Zlyvko
    Currency » 23 December Forex daily review
    Sergiy Zlyvko - December 24, 2013, 09:24 GMT

    Monday December 23 appeared not rich on important macroeconomic statistics which can have a significant impact on the mood of the market players. The main event of the day was the release of Canada’s GDP for October, demonstrated steady growth of the economy of Maple Leaf. In November, it added 0.3%, which was by 0.2

  • Sergiy Zlyvko
    Currency » 18 December Forex daily review
    Sergiy Zlyvko - December 19, 2013, 10:10 GMT

    Fed gave New Year’s surprise to financial markets. Now we do not have to guess when QE3 reducing will be started. In honor of Bernanke care as head of the U.S. Federal Reserve at the last meeting it was decided to reduce monthly volume of government bond purchases by $10 billion to $75 billion from

  • The British pound soared after the UK jobless rate fell to the lowest level in more than five years, increasing expectations the Bank of England will raise interest rates sooner than previously expected. The UK jobless rate fell 0.3 percentage points to 7.4 percent in the three months to October, as 99,000 fewer Britons applied

  • Sergiy Zlyvko
    Currency » 17 December Forex daily review
    Sergiy Zlyvko - December 18, 2013, 09:57 GMT

    On Tuesday on inflation data in the U.S., dollar lost all points earned in the European session. This is due to the fact that the slowdown of U.S. inflation will force the Fed to delay QE3 program folding and continue to stimulate the growth of the U.S. economy and inflation. According to the latest survey

  • Sergiy Zlyvko
    Currency » 16 December Forex daily review
    Sergiy Zlyvko - December 17, 2013, 10:25 GMT

    The single currency has failed to pass the zone of sales at 1.3795. Strong November data on industrial production in the U.S. and the statements of the ECB head Mario Draghi contributed to a decrease of EURUSD to 1.3740. GBPUSD closed in the positive area at about 1.6300. DXY index decreased to 79.90 and it

  • Forex » Fed Bets Drive US dollar Higher
    December 14, 2013, 16:24 GMT

    Expectations the Federal Reserve could begin scaling back the pace of bond purchases sooner than expected kept the US dollar elevated Friday. The world’s favourite safe haven rebounded strongly in the second half of the week as market participants shift their attention to the FOMC policy meetings. The US dollar advanced 0.1 percent against a

  • Sergiy Zlyvko
    Currency » 11 December Forex daily review
    Sergiy Zlyvko - December 12, 2013, 07:03 GMT

    On Wednesday, the U.S. dollar closed up against the British pound and Australian dollar, as well as decreased against the euro and the Swiss franc. British pound on aggressive sales and Aussie around the market much lay down the basic pairs GBPUSD and AUDUSD. The euro/dollar after trading at 1.3810 tested 1.3795. Pound/dollar after falling

  • Sergiy Zlyvko
    Currency » 10 December Forex daily review
    Sergiy Zlyvko - December 11, 2013, 08:16 GMT

    On Tuesday, closer to the close of trading in Europe, the euro/dollar crept close to 1.38, where profit started. A British pound came under pressure from the cross rates, and did not update the Asian maximum 1.6465. Risk appetite gradually fades away, which negatively affects the growth of major currencies against the U.S. dollar. Local