Articles by: Miroslav Marinoff

USD/CHF remained lower, FED decision in market focus

On Tuesday US dollar was lower versus the Swiss franc, as markets were focused on FEDs decision whether reduction of scale of easing was due in the coming months. USD/CHF pair hit 0.9264 during European trade, currently the session low, after which consolidation followed at 0.9285. Support was likely at 0.9226, June 6th low, while […] Read more

Pound off session lows vs. US dollar after UK manufacturing data

British pound jumped off session lows against the US dollar on Tuesday after data showed that UK manufacturing production decreased at a smaller pace in April, compared to previous period. GBP/USD pair slid to session low at 1.5532, after which regained positions to 1.5560 during European morning trade. Support was expected at Monday low, 1.5493, […] Read more

USD/JPY crumbled after Bank of Japan decision

US dollar lost positions against the Japanese yen on Tuesday after Bank of Japan announced its decision earlier to introduce no change in its monetary policy. USD/JPY pair fell to 97.70 during the later hours of Asian trade, currently the session low, after which consolidation followed at 98.34. Support was expected at levels around 97.50, […] Read more

British pound with a slight change versus US dollar ahead of UK manufacturing data

On Tuesday the sterling was little changed against the US dollar before the release of Manufacturing Production report from United Kingdom. It is expected British manufacturing to have shrunk during April by 0.2%, after it expanded by 1.1% during the previous month, according to a Bloomberg News survey. Another report will show the industrial production […] Read more

AUD/USD continued the slide

Australian dollar continued its slide versus the US counterpart during Tuesday Asian session, as the bearish tendency was boosted by not so encouraging comments by Goldman Sachs. AUD/USD pair dropped to session low at 0.9380, after which consolidated at 0.9407, still down by 0.61% for the day. Support was expected at October 4th 2011 low, […] Read more

US dollar advanced further after US credit rating revision

On Monday US dollar extended gains against its major peers after ratings agency Standard & Poor’s revised the long-term outlook on credit rating of the United States from negative to stable. USD/JPY pair climbed to 99.13 during the early US trade, adding 1.66% for the day. Standard & Poor’s increased its outlook, regarding US economic […] Read more

Housing Starts in Canada took a significant jump in May

Canadian Housing Starts indicator climbed by 13.8% in May, reaching an annual value of 200 178 units. Aprils reading was revised up to 175 922 units, while experts projected a more moderate rise to 179 100 units. Housing Starts in cities increased by 14.6%, as multifamily house construction registered a 22.2% rise. Single-family house construction […] Read more

US dollar expanded further against the Japanese yen

On Monday US dollar continued its expansion against the yen even further, compared to Friday trade session, after the release of US Non-Farm sector Employment data. USD/JPY pair climbed to 98.78 during European morning trade, highest since last Thursday, after which consolidation followed at 98.65. Support was expected at 98.00, while resistance was to be […] Read more

Australian dollar collapsed to 20-month low against the US dollar after Chinese data

Economic data, released from China during the weekend put selling pressure upon the Australian dollar on Monday, as AUD/USD fell to fresh twenty-month low. The cross slid to 0.9392 during the later phase of Asian trade, lowest value since October 4th 2011, after which consolidation followed at 0.9420. The pair was down by 0.74% for […] Read more

Dollar index increased ahead of Bullard speech

On Monday the dollar index rose for a second day in a row ahead of Federal Reserve of St. Louis President James Bullard statement, expected later in the day. Speculations were fueled that FED will embark on a slow down of its easing program on signals that economy began to improve. US dollar advanced against the […] Read more