Articles by: Miroslav Marinoff

EUR/USD lost earlier gains

The euro vanquished positions it gained earlier on Friday against the US dollar through the course of a light trade, after the release of weak French manufacturing production data and amid the continuing uncertainty over the future of Feds stimulus program. EUR/USD slipped to its lowest point during todays session at 1.3348 at 13:19 GMT, […] Read more

USD/CAD on fresh highs after downbeat Canadian employment report

US dollar rose to fresh session highs against its Canadian counterpart on Friday, as Canadian employers unexpectedly closed job positions in July, while unemployment rate rose. USD/CAD jumped to its highest point today at 1.0351 at 13:26 GMT. Support for the pair was expected at current session low, 1.0287, while resistance was likely to be […] Read more

GBP/USD slightly higher

British pound was trading slightly higher against the US dollar on Friday, following the positive data, regarding UK trade balance, as demand for the greenback was still pressured due to the lack of clarity about the future of Federal Reserves Quantitative Easing. GBP/USD came off a session low at 1.5527, recorded at 8:12 GMT, to […] Read more

NZD/USD little changed

New Zealand dollar was trading almost without change against the greenback in quiet trade on Friday, as uncertainty over the future of Federal Reserve Banks easing program continued to weigh on the US currency. NZD/USD reached a session high at 0.8019 at 6:32 GMT, after which the pair consolidated at 0.8012, up by a mere […] Read more

AUD/USD higher in spite of reduced GDP outlook by RBA

Australian dollar continued its upward movement against the greenback on Friday, poised for its best weekly performance since 2011, despite the revised down forecast of Australian GDP by the Reserve Bank of Australia (RBA). AUD/USD gradually rose to a session high at 0.9152 at 6:32 GMT, after which the pair consolidated at 0.9142, still up […] Read more

USD/JPY slid on FED tapering signal

US dollar was set to lose ground against most of its peers on a weekly basis, sliding lower against the Japanese yen as well on Friday, as four Federal Reserve officials with varied voting records on monetary stimulus gave indications of a greater willingness this week to begin tapering asset purchases as soon as central […] Read more

EUR/USD traded with stability close to seven-week highs

The euro was trading steadily against the US dollar on Friday in proximity to seven-week highs, as German trade balance data, released yesterday, continued to support the single currency. EUR/USD reached its highest point today at 1.3389 at 6:17 GMT, after which consolidation followed at 1.3386. Support for the pair was to be received at […] Read more

EUR/USD on new seven-week highs

The euro advanced to a fresh new seven-week highs against the greenback on Thursday, as uncertainty over the future of Federal Reserve Banks Quantitative Easing continued to persist, reflecting on the demand for the US dollar. EUR/USD reached a new session high at 1.3392 at 14:15 GMT, the pairs highest since June 19th, after which […] Read more

USD/CAD decreased after US initial jobless claims

US dollar was trading lower against its Canadian counterpart on Thursday, following the release of the weekly report on initial jobless claims out of the United States and amid the ongoing uncertainty over the future of Federal Reserves stimulus program. USD/CAD slid to a session low at 1.0393 at 13:24 GMT, after which consolidation followed […] Read more

NZD/USD little changed in calm trade

New Zealand dollar reduced earlier gains against the greenback on trading Thursday, as market players were focusing on the weekly report of US initial jobless claims, scheduled for release later in the day. NZD/USD came off a session high at 0.7981, recorded at 6:43 GMT, to trade at 0.7971 at 9:28 GMT, ticking down a […] Read more