Articles by: Miroslav Marinoff

US dollar up against the Japanese yen

On Tuesday US dollar moved up against the Japanese yen, as markets awaited the speech on economic growth strategy by Japanese Prime Minister Shinzo Abe tomorrow. USD/JPY reached 100.43 during the later hours of Asian session, currently highest value, after which consolidation followed at 100.30. Support was expected at Monday low, 98.85, while resistance was to […] Read more

Euro with slight retreat against expanding US dollar

On Tuesday euro slipped to lower levels versus the US dollar, as the greenback managed to regain positions against its peers, after yesterdays weak manufacturing data from United States, which caused dollar to plunge. EUR/USD pair slid to 1.3051 during Asian trade, currently the session low, after which consolidation followed at 1.3060. The pair was […] Read more

RBA left base interest rate unchanged on concerns Aussie was overvalued

Reserve Bank of Australia did not introduce any change in its base interest rate, as inflation prospects remained calm and Australian dollar was still at high levels against peers. RBA left base interest rate at the record low 2.75% level. Experts from the bank assured that its current monetary policy course was appropriate. They also […] Read more

ISM Manufacturing in United States shrank to lowest level in almost five years, Construction spending rose

Manufacturing activity in the United States contracted during May to its lowest level since June 2009, Institute for Supply Management (ISM) reported. The indicator, which shows activity among managers of manufacturing companies dipped to 49.0 during May, as previous month reading showed 50.7. Preliminary estimates stated an identical reading to that in April. US ISM […] Read more

USD/CAD erased losses, ISM data from United States in focus

US dollar trimmed losses against its Canadian counterpart during Monday trade, with markets focused on upcoming ISM data from United States. USD/CAD distanced from current session low at 1.0299, to move forward to 1.0360 during early phase of American trade. Support was expected at May 28th low, 1.0323, while resistance was likely to be met […] Read more

US dollar jumped off lows against the euro

US dollar distanced from session lows versus the euro, as markets focused on upcoming manufacturing data from the United States, expected later today. EUR/USD traded at psychological level, 1.3000-1.3007 during late European session, off session high at 1.3044, after better than projected PMI data was released and postponed expectations that more easing measures were on […] Read more

US dollar almost without change against the Swiss franc

US dollar remained almost unchanged against the Swiss franc during Monday trade, with markets focused on upcoming manufacturing data from the United States. Demand for US dollars remained restrained, especially after the release of positive PMI data from United Kingdom and the Euro zone. USD/CHF pair reached 0.9584 during early European trade, the session high, […] Read more

British pound on session high after good PMI data

On Monday British pound advanced to more than two week highs versus the US dollar after official report said UK manufacturing sector registered higher activity. GBP/USD pair reached 1.5291 during European trade, session high for the moment and highest since May 16th, after which consolidation followed at 1.5270. Pound was still up by 0.50% for […] Read more

EUR/USD on higher levels after PMI data

During European trade session the euro advanced against the US dollar on more optimistic data, regarding the Manufacturing PMI data in Euro zones first three largest economies. EUR/USD pair rose by over 40 pips to 1.3044 right after these indicators were announced. Support levels were expected in the 1.3000-1.2950 range, while resistance was likely to […] Read more

New Zealand dollar with limited gains against US counterpart

During Monday trade New Zealand dollar increased in value against the US dollar, after the release of Chinese Manufacturing report on Saturday. During Asian session, NZD/USD pair reached 0.7982, session high for the moment, after which consolidation followed at the lower 0.7974 level. The pair was up by 0.35% for the day. Support was expected […] Read more