Articles by: Miroslav Marinoff

AUD/USD advances after China’s manufacturing PMI outstrips expectations, Australian data

Australian dollar distanced from almost three-month lows against its US counterpart on Monday, after a report showed that activity in Chinas sector of manufacturing expanded more than initially projected, while a string of economic data released out of Australia left unchanged the overall view that Reserve Bank of Australias monetary policy will remain intact. Having […] Read more

Outlook for USD/JPY cross during the upcoming week

US dollar climbed to highs unseen in six months against the Japanese yen on trading Friday, as expectations mounted that Japanese central bank may have to introduce additional stimulus measures in order to achieve its inflation target of 2% in two years time. Having touched its highest point since May 23rd at 102.61 during Asian […] Read more

USD/CAD near two-year highs in late US trade on Friday

US dollar traded in proximity to highs unseen in two years against its Canadian rival during the late phase of US session on Friday on speculation that the Federal Reserve Bank will pare back its monthly monetary stimulus before Bank of Canada officials consider such a move. USD/CAD reached a daily high at 1.0629 at […] Read more

GBP/USD distances from ten-month highs, as UK lending data misses projections

British pound came off highs unseen in ten months against the US dollar on Friday, as a report said that consumer lending and lending secured on dwellings in the United Kingdom mismatched forecasts, but, however, cable remained supported following Bank of England (BoE) Governor Mark Carneys statement on Thursday. GBP/USD slid to a daily low […] Read more

USD/JPY edges lower after a variety of economic data out of Japan

US dollar edged lower against the Japanese yen on Friday, following a vast set of economic data, released out of Japan, which to an extent confirmed Bank of Japans view that nations economy was recovering at a moderate pace. USD/JPY slipped to a session low at 102.18 at 5:15 GMT, after which consolidation followed at […] Read more

USD/CAD rises to fresh five-month highs after Canadian current account report

US dollar advanced to fresh five-month highs against its Canadian rival on Thursday, as a report showed that the deficit on Canadas current account shrank considerably less than projected during the third quarter of the year. USD/CAD touched a daily high at 1.0598 at 14:00 GMT, also the pairs highest point since July 5th, after […] Read more

NZD/USD trades steadily as NZ business confidence rises to 15-year highs

New Zealand dollar traded steadily against its US counterpart on Thursday, after a survey showed that business confidence in New Zealand rose to almost 15-year highs in November, while the greenback was supported by another survey pointing strong consumer sentiment in the United States. NZD/USD touched a session high at 0.8178 at 5:05 GMT, after […] Read more

USD/JPY reaches six-month highs, supported by upbeat consumer sentiment

US dollar advanced to highs unseen in six months against the Japanese yen on Thursday, as Thomson Reuters in cooperation with the University of Michigan reported yesterday that their index, gauging consumer sentiment in the United States, surpassed expectations in November. Having touched a six-month high at 102.28 during the early phase of Asian trade, […] Read more