Articles by: Miroslav Marinoff

AUD/USD recovers from recent drop on bets losses are excessive

Australian dollar traded higher against its US rival on Friday and was poised for the most considerable weekly advance in two months on bets that its recent drop might have been excessive. AUD/USD climbed to a session high at 0.8993 at 5:05 GMT, also the pairs highest point since December 12th, after which consolidation followed […] Read more

AUD/USD loses ground after Chinese manufacturing data

Australian dollar traded lower against its US counterpart on Thursday, after a report showed that the final reading of HSBC manufacturing PMI for China was unchanged from the preliminary value in December. AUD/USD touched a session low at 0.8908 at 7:08 GMT, after which consolidation followed at 0.8913, down 0.19% for the day after a […] Read more

GBP/USD trades steadily as UK house prices surge for eleventh month in a row

British pound traded little changed in proximity to highs unseen in 28 months against the US dollar on Monday, after a report showed that house prices in the United Kingdom rose for an eleventh consecutive month in December. GBP/USD touched a daily high at 1.6500 at 8:20 GMT, also the pairs highest point since August […] Read more

USD/JPY reaches five-year highs on expectations the Fed will continue tapering

US dollar climbed to highs unseen in five years against the Japanese yen on trading Monday on optimism that an ongoing economic recovery in the United States may urge the Federal Reserve Bank to continue tapering its monthly monetary stimulus and probably exit the program by the end of 2014. USD/JPY touched a session high […] Read more

AUD/USD loses ground, set for the largest annual decline since 2008

Australian dollar traded lower against its US counterpart on Monday and was poised for its most considerable yearly decline since 2008 on signs that economic recovery in the United States was deepening, which may urge the Federal Reserve Bank to continue trimming its asset purchases. AUD/USD fell to a session low at 0.8834 at 1:50 […] Read more

Outlook for USD/CHF cross during the upcoming week

US dollar was losing ground against the Swiss franc on Friday amid speculation that greenback’s recent advance against major peers was excessive, while traders also speculated that the Federal Reserve Bank will probably not tighten its monetary policy and raise borrowing costs soon. Having touched a session low at 0.8800 on Friday, USD/CHF ended the […] Read more

USD/CAD trades close to three-year highs during late US session on Friday

US dollar traded in proximity to highs unseen in three years against its Canadian counterpart during late US session on Friday, as Bank of Canada intends to maintain interest rates at low levels for more than one year, while the Federal Reserve Bank trims its monthly monetary stimulus starting January. USD/CAD touched a session high […] Read more

AUD/USD rises on speculation greenback’s recent advance is excessive

Australian dollar gained ground against its US rival on trading Friday amid speculation that greenbacks recent gains against major peers were excessive, while a technical indicator signaled US dollar was overbought against the Japanese yen. AUD/USD touched a session high at 0.8929 at 7:30 GMT, after which consolidation followed at 0.8924, gaining 0.31% for the […] Read more

AUD/USD falls to one-week lows on US economy outlook

Australian dollar traded close to lows unseen in one week against its US counterpart on Thursday, as Federal Reserve Bank trims its monthly asset purchases on improving economy. AUD/USD reached a session low at 0.8879, also the pairs lowest point since December 20th, after which consolidation followed at 0.8888, down 0.40% for the day. Support […] Read more