Articles by: Miroslav Marinoff

Forex Market: EUR/GBP trades slightly up despite EZ inflation report

The euro was gaining ground against the British pound on trading Monday, despite the annualized harmonized index of consumer prices (HICP) in the Euro zone came in below forecasts during February. EUR/GBP touched a session high at 0.8368 at 12:20 GMT, after which consolidation followed at 0.8364, gaining 0.09% for the day. Support was likely […] Read more

Forex Market: EUR/CHF gains despite weaker annualized HICP, Crimean vote weighs on franc

The euro traded higher against the Swiss franc on Monday, despite the annualized harmonized index of consumer prices (HICP) in the Euro zone came in below forecasts during February, while Crimean vote weighed on Swiss francs demand. EUR/CHF gained 0.16% today to trade at 1.2155 at 10:31 GMT. The pair touched a session high at […] Read more

Forex Market: USD/RUB reaches two-week highs as Russian shares surge on Crimean vote

US dollar touched highs unseen in two weeks against the Russian ruble on Monday, after an unexpected surge in Russian shares eased fears that results from Crimean referendum will cause an immediate escalation in geopolitical tension. USD/RUB rose to a session high at 36.723 at 8:15 GMT, also the pairs highest point since March 3rd, […] Read more

Forex Market: AUD/JPY gains after Crimean vote, Westpac downward revised forecast

Australian dollar surged against the Japanese yen on trading Monday, after the vote in the Crimean peninsula and while Westpac Banking Corp. reduced its forecast that the Reserve Bank of Australia (RBA) may cut borrowing costs further this year. AUD/JPY touched a session high at 92.44 at 9:05 GMT, after which consolidation followed at 92.34, […] Read more

Forex Market: USD/JPY rises as Crimean vote and a surge in Russian equities trim safe haven demand

US dollar gained against the Japanese yen on Monday, paring a portion of its last weeks loss, after a surge in Russian shares eased fears that results from Crimean referendum will cause an immediate escalation in geopolitical tension. Demand for safe haven assets, such as the yen and the Swiss franc seemed to be reduced. […] Read more

Forex Market: AUD/USD with daily gains on RBA rate outlook, Crimean vote

Australian dollar gained ground against its US counterpart on trading Monday, after the preliminary results from Crimeas referendum, while an expert from Westpac Banking Corp. expected no further cuts in borrowing costs by the Reserve Bank of Australia (RBA) during this year. AUD/USD hit a session high at 0.9063 at 6:05 GMT, after which consolidation […] Read more

Forex Market: Outlook for AUD/USD during the upcoming week

Australian dollar traded little changed against its US counterpart during the late phase of US session on Friday, as concerns that Chinese economy was slowing down and Crimea tensions urged market players to reduce their possessions of high-yielding assets, while the gauge of consumer confidence by Thomson Reuters and the University of Michigan regarding the […] Read more

Forex Market: AUD/USD falls, poised for a weekly loss on risk aversion

Australian dollar traded lower and was set to register a weekly loss against its US counterpart on Friday, as concerns that Chinese economy was slowing down and Crimea tensions urged investors to reduce their possessions of high-yielding assets, such as the Aussie. AUD/USD touched a session low at 0.8997 at 5:20 GMT, after which consolidation […] Read more

Forex Market: AUD/USD surges as Australian jobs gain three times more than forecasts

Australian dollar rose against its US counterpart on trading Thursday, as a report showed the number of job positions, employers in Australia added, climbed over three times more compared to what was initially estimated, while the jobless rate remained steady in February. AUD/USD climbed to a session high at 0.9081 at 4:35 GMT, also the […] Read more