Articles by: Miroslav Marinoff

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

US dollar slid to lower levels versus Japanese yen

On Monday US dollar registered a slide versus the yen on Japanese shares drop, which was contributed by weaker than projected PMI data from China. USD/JPY pair dropped to 100.14 during the late hours of Asian session, currently lowest for Monday trade, after which consolidation followed at 100.30. Support was expected at psychological 100.00 level, […] Read more

Australian dollar recovered after a monthly drop

Australian dollar registered largest monthly drop in May since 2011, but today after the release of China manufacturing data, Aussie managed to recover positions. Official reports said that Chinese manufacturing sector accelerated, postponing concerns that slow down in Chinese economy would restrain demand for commodities. Australian dollar recorded gains against most of its major peers, […] Read more

EUR/USD on the slope to session low after strong data from US

US dollar regained positions against the euro currency on Friday, after the release of positive economic data from United States, which called back expectations of FED tapering its easing program in near future. EUR/USD slid to session low at 1.2960 during early American session, after which consolidation followed at 1.2970. Support was meant to be […] Read more

In United States – lower consumer expenditures

On Friday it was reported that consumer expenditures in United States lowered during April for the first time in the past year, as this reflected lower price levels, as well as unchanged remuneration and concerns appeared this could influence US economy in the coming months. Personal Spending, that encompasses automobile, clothing, healthcare, heating and etc. […] Read more

Canadian dollar advanced against US counterpart on positive GDP data

During European afternoon trade Canadian dollar registered gradual expansion against its US counterpart, after the release of strong data, regarding Canadian GDP. USD/CAD dropped to 1.0310, from previous levels around 1.0330-1.0339. Support was expected at 1.0285-1.0265, while resistance was to be encountered at 1.0365-1.0385. Minutes ago official report stated that Gross Domestic Product (GDP) in […] Read more

Euro zone Unemployment at record high

On Friday official reports stated that Unemployment Rate in the single currency zone hit a new record high during April, while consumer prices inflation increased by a relatively low rate. Such situation could undeniably put pressure on European Central Bank to accelerate its growth-targeting policy and also keep the current course of cost reduction. It […] Read more