Articles by: Miroslav Marinoff

AUD/USD retreats on Fed taper outlook

Australian dollar traded lower against its US counterpart on Thursday on speculation that US non-farm payrolls report on Friday may urge the Federal Reserve Bank to continue scaling back its monetary stimulus. AUD/USD touched a session low at 0.8866 at 2:10 GMT, after which consolidation followed at 0.8878, falling 0.25% for the day. Support was […] Read more

AUD/USD trades slightly lower ahead of Fed minutes

Australian dollar traded lower against its US rival on Wednesday amid speculation that the Federal Reserve Bank may proceed with its plans to taper stimulus, as markets awaited the release of the minutes of Feds most recent policy meeting. AUD/USD touched a daily low at 0.8902 during the early phase of Asian trade, after which […] Read more

AUD/USD retreats despite Australian trade deficit narrows more than expected

Australian dollar traded lower against its US counterpart on Tuesday, as a technical indicator signaled a reversal and despite that Australian trade balance produced a lesser than projected deficit in November. AUD/USD reached a daily low at 0.8912 at 5:05 GMT, after which consolidation followed at 0.8924, falling 0.49% for the day. Support was likely […] Read more

AUD/USD rises ahead of Australian trade balance data and despite weaker Chinese non-manufacturing activity

Australian dollar gained against its US counterpart on Monday ahead of a report, which may show Australian trade balance produced a lesser deficit than expected in November, while a private report stated that Chinese non-manufacturing activity increased at a slower rate in December. AUD/USD touched a daily high at 0.8982 at 1:30 GMT, after which […] Read more

Outlook for USD/CHF during the upcoming week

US dollar traded higher against the Swiss franc on Friday, after recent optimistic data out of the United States boosted speculation that the Federal Reserve Bank may taper further. USD/CHF touched a session high at 0.9058 at 20:45 GMT, also the pairs highest point since December 4th, after which the cross closed at 0.9052 on […] Read more

USD/CAD loses ground during late US trade on Friday

US dollar weakened against its Canadian counterpart during the late phase of US trade on Friday amid bets that prices of raw materials have plunged to a low. USD/CAD reached a session low at 1.0602 at 13:15 GMT, after which the pair closed at 1.0636 on Friday, losing 0.31% for the day. Support was likely […] Read more

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