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14 May 2013

Forex Flash: USD extending further – TD Securities

FXstreet.com (London) - With non event data on the calendar and traders continuing to be taking positions in the dollar, one way or another, Research team at TD Securities remind us that yesterday we did see a solid US retail sales figure, and overnight the market had some more comments from Philly Fed President Plosser, where he reiterated that he thinks QE should be reduced as soon as next month. The team sas that both of those developments are USD-positive, and considering there aren’t any more events on the calendars today, the established trend could see USD strength extend a bit further.

May 14, 2013

Forex: USD/JPY keeps pushing, eyes on 102.00

The USD rally has resumed its momentum on Tuesday, lifting the cross closer to the key resistance at 102.00 bolstered by the increasing risk aversion....

Forex: GBP/USD hits fresh 3-week low

The British pound remains under pressure on Tuesday, and having broken below the 1.5270 support area, it recently hit a fresh 3-week low versus the dollar.