Articles by: Miroslav Marinoff

GBP/NZD edges up ahead of BoE policy decision

The GBP/NZD currency pair gained at the start of the week ahead of the outcome of the Bank of England’s policy meeting. The Bank of England is expected to lower its benchmark interest rate by 25 basis points to 3.75% at its December 18th meeting. In November, the BoE left borrowing costs without change at […] Read more

GBP/USD holds near 7-week peak with focus on BoE, US NFP

The GBP/USD currency pair traded in proximity to a 7-week high of 1.3438 on Monday ahead of the outcome of the Bank of England’s policy meeting, while investors braced for the US Non-Farm Payrolls data tomorrow for more insight into macroeconomic conditions and the Fed’s future interest rate path. The Federal Reserve delivered a largely […] Read more

Gold holds near 7 1/2-week high as investors brace for NFP data

Spot Gold held near a 7 1/2-week high of $4,353.55/oz. on Monday, as the US Dollar stood near a two-month low, while investors braced for the US Non-Farm Payrolls data tomorrow for more insight into macroeconomic conditions and the Fed’s future interest rate path. “Gold is likely to remain well bid into U.S. non-farm payrolls, […] Read more

CAD/SGD settles below 20-week high, posts weekly loss

The CAD/SGD currency pair settled below recent high of 0.9389, its strongest level since July 23rd, in the wake of the Bank of Canada’s policy decision. The Bank of Canada kept its benchmark interest rate intact at 2.25% at its December 10th policy meeting, in line with market consensus. GDP growth surprised to the upside, […] Read more

CAD/CHF settles below 14-week high, posts weekly loss

The CAD/CHF currency pair settled below recent high of 0.5847, its strongest level since September 2nd, in the wake of the Bank of Canada’s and the Swiss National Bank’s policy decisions. The Bank of Canada kept its benchmark interest rate intact at 2.25% at its December 10th policy meeting, in line with market consensus. GDP […] Read more

USD/CAD settles above 12-week low, posts weekly loss

The USD/CAD currency pair settled above recent low of 1.3753, its weakest level since September 17th, in the wake of the Federal Reserve’s and the Bank of Canada’s policy decisions. The Fed lowered its federal funds rate target range by 25 basis points to 3.50%-3.75% at its December meeting, in line with market consensus. This […] Read more

USD/SGD settles above 9-week low, posts weekly loss

The USD/SGD currency pair settled above recent low of 1.2904, its weakest level since October 6th, in the wake of the Federal Reserve’s policy decision. The Fed lowered its federal funds rate target range by 25 basis points to 3.50%-3.75% at its December meeting, in line with market consensus. This way, borrowing costs were brought […] Read more

USD/CHF settles above 4-week low, posts weekly loss

The USD/CHF currency pair settled above recent low of 0.7924, its weakest level since November 14th, in the wake of the Federal Reserve’s and the Swiss National Bank’s policy decisions. The Fed lowered its federal funds rate target range by 25 basis points to 3.50%-3.75% at its December meeting, in line with market consensus. This […] Read more

Spot Gold surges to highs not seen since October 21

Spot Gold extended gains to a fresh 7 1/2-week high of $4,293.09/oz. on Friday, underpinned by expectations of further policy easing by the Federal Reserve. New signs of US labor market softness only added to prospects of two Fed interest rate cuts next year. US initial jobless claims rose by 44,000 to 236,000 during the […] Read more

Gold extends gains as Fed delivers rate cut in divided vote

Spot Gold extended gains on Thursday, as the Federal Reserve delivered a largely anticipated rate cut. Yet, the central bank noted it would wait for clearer signs on a cooling job market and inflation, which “remains somewhat elevated”. The Fed lowered its federal funds rate target range by 25 basis points to 3.50%-3.75% at its […] Read more