Articles by: Miroslav Marinoff

EUR/USD in stable trade ahead of FED decision

The euro traded steadily against the US dollar on Wednesday, as market players awaited FEDs decision at its monthly meeting later today. EUR/USD pair hit 1.3410 during early European trade, currently the session high, after which consolidation followed at the psychological 1.3400 level. Support was expected at Tuesdays low, 1.3325, while resistance was to be […] Read more

USD/JPY higher ahead of FED decision

On Wednesday US dollar advanced against the Japanese yen ahead of the conclusion of Federal Reserve Banks meeting later today. This upward movement, according to experts, could be a signal that the central bank might announce either the tapering, or the exit of its asset purchases. USD/JPY pair rose to 95.52 or by 0.18% in […] Read more

USD/CAD on a session high after US inflation data

US dollar advanced to a session high against its Canadian counterpart on Tuesday as the greenback firmed its positions after the release of US inflation data in line with preliminary estimates. USD/CAD hit 1.0215 during the early hours of US trade, currently the session high and highest since June 13th, after which consolidation followed at […] Read more

USD/JPY on a session high after series of data from the United States

On Tuesday US dollar rose to a fresh session high versus the Japanese yen after US inflation data met expectations and thus, gave the Federal Reserve Bank leeway to continue asset purchases. USD/JPY pair extended gains, reaching 95.74, currently the session high, after which consolidation followed at 95.60. It was reported earlier that consumer prices […] Read more

EUR/USD on fresh four-month highs after German ZEW data

The euro rose to a new four-month high versus the US dollar on Tuesday after official report said that the ZEW index of economic sentiment in Germany rose more than projected in June. EUR/USD pair hit 1.3399 at 9:26 GMT, currently the session high and highest since February 20th, after which the pair consolidated at […] Read more

British pound advanced against the US dollar on consumer inflation data

British pound jumped off session low against the US dollar on Tuesday, after official report stated, that consumer price index in the United Kingdom rose more than expected during May. GBP/USD pair jumped off session low at 1.5657, lowest value since last Friday, reaching 1.5688 at 9:01 GMT. Support was expected at June 13th low, […] Read more

US dollar advanced versus the yen

On Tuesday US dollar was firmer and advanced against the yen, as markets eyed the possible outcome of Federal Reserve Banks meeting on policy, scheduled on Wednesday. USD/JPY pair reached 95.12 during early European session, after which consolidation followed at 95.01. Support was expected at Mondays low, 94.09, while resistance was to be met at […] Read more

Euro slightly lower against the US dollar on Draghi comments and FED’s Wednesday meeting

The euro retreated versus the US dollar on Tuesday after ECBs Mario Draghi statement and as market players awaited the outcome of FEDs meeting on monetary policy on Wednesday. EUR/USD pair fell to 1.3329 at 6:28 GMT, currently the session low, after which consolidation followed at 1.3338. Support was expected at June 13th low, 1.3277, […] Read more

AUD/USD on lower levels after Reserve Bank of Australia minutes

On Tuesday Australian dollar lost ground against its US counterpart after Reserve Bank of Australia most recent meeting. AUD/CAD pair fell to 0.9499 during late Asian trade, currently the session low, after which consolidation followed at 0.9513. Support was likely at June 13th low, 0.9430, while resistance was to be met at June 4th high, […] Read more

USD/CAD lower in calm trade

On Monday US dollar lowered against its Canadian counterpart in steady trade, as investors began to focus on FEDs monetary policy meeting, scheduled on Wednesday. USD/CAD fell to a session low at 1.0148 during early US trade, after which consolidation followed at 1.0167. Support was likely at Fridays low and five-week low, 1.0135, while resistance […] Read more