Articles by: Michael Fisher

British pound with slight retreat against US dollar

Increased demand for US dollars influenced British pound on Tuesday, as GBP/USD edged lower. The pair tumbled to 1.5062 during European trade session, lowest value since Friday, then consolidation followed at 1.5090-1.5094. Support was expected at 1.5018, lowest from May 22nd, while the pair was to meet resistance at 1.5159, Monday highest. Expectations arose that […] Read more

AUD/USD up but still close to eleven-month lows

The Australian dollar moved up against its US counterpart during early European trade on Tuesday, as investors await the crucial economic data from United States, scheduled to be released later today. However, AUD/USD still remained close to 11-month lows. The pair reached 0.9653 in the late hours of Asian session, while currently trading at 0.9656. […] Read more

US dollar remained close to two week low versus Japanese yen

On Monday trade was thin due to closed markets in UK and US for public holidays. US dollar decreased in value against the yen, as USD/JPY dropped to 100.91 during European afternoon session. Today Japanese Nikkei 225 broadened its decline from Friday last week, due to concerns whether FED would reduce scale of its bond […] Read more

Joerg Asmussen noted that European Central Bank should not leave current course of policy

ECB Executive Board member Joerg Asmussen said that the central bank will stick to its expansive monetary policy for as long as needed, but keeping interest rates on low level for a long period of time, could generate potential risks. Asmussen said the ECB should tread cautiously on the idea of taking its deposit rate […] Read more

US dollar lowered versus Yen as investors stood alert on FED policy

USD/JPY lowered on Monday, as investors were on alert, concerning FED easing policy. The pair reached 100.78 during late Asian trade, which was lowest value for current session. Support levels were expected at 100.53, lowest from May 10th, while resistance was to be met at 102.56, highest value from Friday. The yen gained strength as […] Read more

EUR/USD trading with stability

Mondays trade session was calm for the EUR/USD cross, after strong data from Germany was released last Friday and also expectations for a near-term exit of FED easing program boosted demand for US dollars. The pair reached 1.2946 during late hours of the Asian trade session, highest value for today, then EUR/USD fell slightly to […] Read more