Cable lower on retail sales

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Source: Forexpros
On Monday, the British Pound was traded lower versus the U.S. Dollar, following a release of disappointing retail sales report in the U.K. GBP/USD hit a session low of 1.5825 during European afternoon trading session, and later consolidated 1.5835, which was a 0.04% daily decline. The support was prone to be at 1.5778, while the resistance could possibly be at 1.5915.
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Thu, 15 Nov 2012 15:51:57 GMT

Unemployment claims rise unexpectedly amid hurricaine Sandy

U.S. jobless claims rose unexpectedly last week on the post-effects the hurricane Sandy has caused. The number of jobless claims rallied to 439,000, up by 78,000, showing the biggest increase since April 2011.The applications for unemployment benefits were forecast to increase to 375,000 from the last week. However, the labor market was improving prior the storm overtook U.S. In addition,

Thu, 15 Nov 2012 18:22:44 GMT

Euro higher versus Dollar on upcoming U.S. data

On Monday, the single currency was traded higher against the U.S. counterpart, as investor sentiment was driven by an upcoming U.S. data. EUR/USD hit a session high of 1.2773 during European afternoon trading hours, and later consolidated at 1.2760, which was a 0.2% daily gain. The pair's support was likely to be at 1.2662, while the resistance could be at

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