Articles by: Miroslav Marinoff

Forex Market: AUD/USD with daily gains before Australian employment data

Australian dollar traded slightly higher against its US counterpart on Tuesday ahead of the report on employment change in Australia during February, scheduled to be published on March 13th. AUD/USD reached a session high at 0.9043 at 6:59 GMT, while at 7:16 GMT the pair was gaining 0.16% on a daily basis to trade at […] Read more

Forex Market: AUD/USD falls on Chinese trade data, continuing Crimea tension

Australian dollar lost ground against its US counterpart on trading Monday, after Chinas exports declined the most since 2009, while continuing tension on the Crimean peninsula triggered safe haven demand. AUD/USD touched a daily low at 0.9023 at 7:03 GMT, after which consolidation followed at 0.9027, falling 0.47% for the day. Support was likely to […] Read more

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

Australian dollar came off fresh three-month highs against the US dollar on trading Friday, after official data revealed that employers in US non-farm sector added more jobs than initially projected in February. Having touched a new daily high at 0.9134 at 13:12 GMT, also the highest level since December 11th, AUD/USD lost ground to close […] Read more

Forex Market: AUD/USD trades in proximity to three-month highs, supported by recent economic data

Australian dollar traded close to highs unseen in three months against its US counterpart on Friday and was poised for a weekly gain, following a series of optimistic economic data, released earlier in the week, while the Reserve Bank of Australia may consider a verbal intervention in order to curb further strength. AUD/USD rose to […] Read more

Forex Market: AUD/USD surges to one-week highs on better than forecast Australian retail sales, trade surplus

Australian dollar gained ground against its US rival on trading Thursday, after data showed Australias retail sales rose at a pace three times faster than projected, while the surplus on nations trade balance widened the most in 2.5 years. AUD/USD climbed to a session high at 0.9034 at 0:32 GMT, which has been the pairs […] Read more

AUD/USD pares daily advance, Australian Q4 GDP outstrips forecasts

Australian dollar trimmed its earlier advance against the US counterpart on trading Wednesday, while an official report revealed Australian economy expanded at a faster than anticipated pace during the final quarter of 2013. Having touched a daily high at 0.8997 at 0:34 GMT, also the highest point since February 26th, AUD/USD was trading at 0.8967 […] Read more

AUD/USD recovers from daily losses, RBA leaves borrowing costs unchanged

Australian dollar managed to recover from earlier daily losses against its US counterpart on Tuesday, while the Reserve Bank of Australia (RBA) decided to keep borrowing costs without change at its policy meeting today, as the exchange rate of the national currency was still high. Having touched a session low at 0.8910 at 3:45 GMT, […] Read more

AUD/USD pares earlier losses, still close to one-month lows on diminished demand for riskier assets

Australian dollar managed to trim earlier losses against its US counterpart on trading Monday, but remained close to lows unseen in one month, as geopolitical tensions prompted investors to reduce their possessions of riskier assets. Having touched a daily low at 0.8891 at 0:53 GMT, also the pairs lowest point since February 5th, AUD/USD traded […] Read more