US: Consumer Credit rises by $7.97B in March

May 7, 2013

Forex: EUR/JPY fails to hold above 130.00

The euro weakened across the board during the American session and surrendered gains obtained during the European trade versus the yen. EUR/JPY was rejected from a high of 130.35 and dropped over 100 pips before finding support and settling in a range where it has spent the last hours.

Forex Flash: CAD to outperform AUD - UBS

After the recent fall of the AUD and given the strength of the CAD, the UBS team decided to pull the stop loss level of their open position below the entry level.