Articles by: Miroslav Marinoff

British pound close to session high versus US dollar after BoE decision

British pound remained at levels close to one-month high versus the US dollar on Thursday after Bank of England made a decision to leave base interest rate and stimulus policy intact. GBP/USD reached 1.5467 during European afternoon trade, session high for today and highest since May 9th, after which consolidation followed at 1.5460. Support was […] Read more

British pound on one-month high versus US dollar

Pound rose to one-month high against the US dollar on Thursday after Wednesdays series of economic data from the United States implied that economic recovery was not strong enough. GBP/USD reached 1.5455 during early European trade, currently the session high and highest since May 10th, after which consolidation followed at 1.5444. The pair was up […] Read more

New Zealand dollar close to 11-month low versus US counterpart

New Zealand dollar retreated against its US counterpart on Thursday, approaching 11-month low, despite the pressure put on the greenback as a result of uncertainty, regarding FED easing policy in the coming months. NZD/USD pair hit 0.7900 during the late phase of Asian trade, session low and lowest since July 26th 2012. Later the cross […] Read more

US dollar advanced against the Japanese yen, but gains seemed limited

On Thursday US dollar pushed higher against the Japanese yen due to continuing weakness of Japanese stocks and diminished risk appetite of investors urged them to seek safe haven in national currency. USD/JPY pair crumbled to 98.85 during the late phase of Asian trade, session low for the moment, after which the cross consolidated at […] Read more

Euro on three-week high against the US dollar

On Thursday euro reached a three-week high against the US dollar, after disappointing ADP Employment data from yesterday put pressure on the greenback and market players began to focus on ECB interest rate decision later in the day. EUR/USD pair reached 1.3126 during early European trade, highest since May 9th. Support was expected at Tuesday […] Read more

Australian dollar at lowest level since 2011

Australian dollar slid to the lowest level since 2011, with Australias interest rate advantage began to vaporize and Aussie allure dimmed. Insight Investment Management Ltd., operating with 134 billion US dollars in fixed income and currencies, has been selling the Australian dollar, with the yield spread between Australias sovereign debt and its major peers on the […] Read more

Optimistic data from US – ISM Non-Manufacturing rose in May, alongside Factory Orders

The Institute for Supply Management reported that ISM Non-Manufacturing Composite indicator rose to 53.7 in May from 53.1 in April, but, however, stood below the registered value in March, 54.4. Experts had projected the index to show a reading of 53.5. Data implied that services sector in the United States managed to retain expansion. New orders […] Read more

Euro on lower levels versus US dollar, ADP Employment report in focus

The single currency lost ground against the US dollar during Wednesday trade, with market players focusing on crucial employment report by ADP, expected within the next 30 minutes. EUR/USD pair fell down to 1.3053 during late European session, lowest for today, after which consolidation followed at levels around 1.3070. The cross was likely to receive […] Read more

USD/CHF on higher levels, US data in focus

US dollar edged higher versus the Swiss franc on Wednesday, as investors were focusing on the series of vital economic indicators, expected to be released later today. USD/CHF pair went as high as 0.9496 during European trade, highest for the current session, after which consolidation followed at 0.9487. The cross was up by 0.18% for […] Read more