Articles by: Miroslav Marinoff

AUD/USD loses ground as Australian unemployment rate climbs

Australian dollar fell for a second day against its US counterpart on Thursday, after a report said that Australian rate of unemployment rose in November and despite that economy added more new jobs than initially projected during the same month. AUD/USD slid to a session low at 0.9011 at 3:50 GMT, after which consolidation followed […] Read more

AUD/USD slides as Australian consumer sentiment disappoints

Australian dollar fell against its US counterpart on trading Wednesday, after Westpac – Melbourne Institute published the results of a survey on consumer sentiment in Australia, which showed that the corresponding index dropped in December. AUD/USD reached a session low at 0.9116 at 6:45 GMT, after which consolidation followed at 0.9118, losing 0.34% for the […] Read more

AUD/USD preserves daily losses after business confidence data by NAB, Bullard remarks

Australian dollar preserved losses against its US rival on Tuesday, after a survey on business confidence and business conditions in Australia, conducted by the National Australia Bank (NAB), revealed mixed results. AUD/USD slid to a session low at 0.9076 during the early phase of Asian trade, after which consolidation followed at 0.9096, losing 0.16% for […] Read more

AUD/USD slips on growth speculation

Australian dollar lost ground against its US counterpart on Monday on speculation that Australias economic growth may be lagged in comparison with growth US economy has recently demonstrated. AUD/USD slipped to a session low at 0.9074 at 7:25 GMT, after which consolidation followed at 0.9079, losing 0.27% for the day. Support was likely to be […] Read more

Outlook for USD/CHF pair during the upcoming week

US dollar retreated to lows unseen in six weeks against the Swiss franc on Friday, despite the optimistic employment data, released out of the United States. USD/CHF reached a session low at 0.8913 at 20:30 GMT, also the pairs lowest point since October 25th, after which it closed at 0.8920 on Friday, falling 0.52% on […] Read more

USD/JPY soars over 1% on Friday following upbeat US employment data

US dollar sharply gained ground and preserved its advance against the Japanese yen during the late phase of US session on Friday, after reports showed an outstanding data regarding non-farm payrolls and consumer confidence in the United States. USD/JPY rose to a session high at 102.96 at 19:25 GMT, after which the pair closed at […] Read more

AUD/USD loses ground ahead of US non-farm payrolls report

Australian dollar traded lower against its US counterpart on Friday ahead of the release of the non-farm payrolls report out of the United States later in the day and following the upward revision of the US Gross Domestic Product, reported on Thursday. AUD/USD slipped to a session low at 0.9036 at 1:04 GMT, after which […] Read more

AUD/USD trades in proximity to three-month lows as Australian trade deficit widens more than projected

Australian dollar traded in proximity to lows unseen in three months against its US rival on Thursday, after a report showed that Australias trade balance produced a larger-than-expected deficit in October and ahead of the US GDP report, due out later in the day. AUD/USD fell to a session low at 0.9014 at 0:36 GMT, […] Read more

AUD/USD falls to three-month lows as Australian GDP comes short of expectations

Australian dollar weakened to lows unseen in three months against its US counterpart on Wednesday, as Australias Gross Domestic Product increased at a lesser rate than projected during the third quarter of the year, which added to the case that the Reserve Bank of Australia (RBA) may consider to cut borrowing costs further in order […] Read more

AUD/USD preserves daily losses as RBA abstains from action

Australian dollar traded lower against its US counterpart on Tuesday, after the Reserve Bank of Australia (RBA) refrained from introducing a cut of its benchmark interest rate and despite that Australian retail sales outpaced expectations in October. AUD/USD reached a session low at 0.9058 at 4:35 GMT, after which consolidation followed at 0.9073, falling 0.36% […] Read more