Articles by: Miroslav Marinoff

EUR/USD traded steady later on Monday

The euro showed little changes against the US dollar on Monday, with market players focusing on Wednesdays policy meeting by the Federal Reserve Bank. EUR/USD pair hit 1.3358 during European afternoon trade, currently the session high, after which consolidation followed at 1.3343. Support was likely to be received at June 13th low, 1.3277, while resistance […] Read more

US dollar higher against the Swiss franc ahead of Federal Reserve policy meeting

US dollar edged higher versus the Swiss franc on Monday, with market participants positioning their focus on the anticipated Federal Reserve Banks monetary policy meeting on Wednesday. USD/CHF pair hit 0.9251 during early European trade, currently the session high, after which consolidation followed at 0.9230. The cross was up by 0.24% for the day. Support […] Read more

New Zealand dollar higher on NZ consumer confidence data

The New Zealand dollar increased against its US counterpart on Monday, after optimistic New Zealand data. Investors, however, remained wary ahead of Federal Reserve Banks Wednesday policy meeting. NZD/USD pair hit 0.8102 during late Asian trade, currently the session high, after which consolidation followed at 0.8089. The cross added 0.60% for the day. Support was […] Read more

British pound almost unchanged versus the US dollar on UK house price data

British pound was little changed against the US dollar on Monday, after Rightmove House Price data was released, stating the sixth consecutive monthly jump in house prices in UK. GBP/USD pair traded at 1.5699 as of 7:01 GMT. The cross climbed to 1.5738 on June 13, the highest value since February 11th. Meanwhile, EUR/GBP was […] Read more

Euro slipped versus the US dollar, losses seemed limited

The euro retreated against the US dollar on Monday, with losses limited in expectation of FEDs policy meeting on Wednesday. EUR/USD fell to a session low at 1.3318 during the later phase of the Asian trade, after which consolidation followed at 1.3328. The pair slipped by a mere 0.09% for the day. Support was expected […] Read more

US dollar higher versus yen on Japanese tertiary industry data

USD/JPY rose on Monday following the release of Tertiary Industry Activity Index in Japan. The pair hit 94.97 during early European session, currently the session high, after which consolidated at 94.84. Last week USD/JPY registered a 3.8% weekly decrease, the largest decline since July 2009. Support was expected at April 4th low, 92.72, while resistance […] Read more

Canadian dollar fell after unexpected drop in Manufacturing Shipments

Canadian dollar declined versus its US counterpart on Friday after factory shipments unexpectedly fell at the fastest pace in more than three years in April, which could be treated as a sign of slow down in global demand for Canadian exports. The national currency of Canada trimmed a second weekly gain, as Manufacturing Shipments indicator […] Read more

EUR/USD slid after good US data

US dollar pushed higher against the euro on Friday, after positive signal was submitted from the United States, fueling expectations of a possible near-term exit of FEDs easing program. EUR/USD pair fell down to 1.3298 during European afternoon trade, after which consolidation followed at higher levels, 1.3305. Support was expected at June 11th low, 1.3233, […] Read more

Spain’s BBB credit rating affirmed by S&P

Ratings agency Standard & Poor’s affirmed the credit rating of Spain at BBB as a result of countrys commitment to implement comprehensive fiscal and structural reforms. The outlook on the long-term rating remains negative, which still shows the potential for a downgrade, in case political support on the reform agenda dwindles or the budget “significantly” […] Read more

Euro edged down against the US dollar, still close to 3.5-month high

On Friday the euro edged down versus the greenback, but remained on levels close to 3.5-month high in expectation of economic data from the Euro zone, scheduled to be released later in the day. EUR/USD pair fell to a session low at 1.3332 during the later phase of Asian trade, after which consolidation followed at […] Read more