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Articles by: Miroslav Marinoff

Miroslav Marinoff, a news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market and the US Stock Market.

AUD/USD pares earlier losses, triggered by declining price of iron ore, weak Australian construction data

February 26, 2014 8:21 am
Australian dollar managed to trim earlier losses against its US counterpart on trading Wednesday, which were due to considerably weaker than projected construction work done in Australia during the final quarter of 2013, while prices of iron ore, Australias largest export, plummeted to seven-month lows on Tuesday. Having slid to a session low at 0.8970 […] Read more

AUD/USD off earlier highs during early European trade on Tuesday

February 25, 2014 8:12 am
Having touched daily highs due to increased demand for high-yielding assets earlier on Tuesday, Australian dollar gave back its advance against the US rival during the early phase of European session. AUD/USD touched a daily high at 0.9044 at 1:21 GMT, after which consolidation followed at 0.9023, losing 0.13% for the day. Support was likely […] Read more

AUD/USD trades slightly lower after its first weekly drop in four weeks

February 24, 2014 7:50 am
Australian dollar traded slightly lower against its US counterpart on Monday, following its first weekly loss in four weeks, after prices of iron ore, Australias largest export, decreased last week. At the same time, prices of new homes in China, Australias largest export market, curbed their rate of increase in January. AUD/USD touched a session […] Read more

Genting Singapore Plc shares mark the largest loss since May after earnings data

February 23, 2014 10:58 am
Shares of Genting Singapore Plc (GENS), the casino operator with the largest market capitalization in Southeast Asia, registered the largest drop since May, after the company announced earnings, which did not match experts expectations. Genting shares fell 4.6% to S$1.335, or the most considerable intraday loss in nine months. Companys stocks closed at S$1.36 in […] Read more

Outlook for AUD/USD during the upcoming week

February 22, 2014 3:55 pm
Australian dollar extended daily losses against its US counterpart on trading Friday and registered a weekly loss for the first time in four weeks, after prices of iron ore, Australia’s largest export, dropped. Having fallen to a daily low at 0.8952 at 14:20 GMT, AUD/USD closed at 0.8978 on Friday, losing 0.31% for the day, […] Read more

AUD/USD drops, poised for first weekly loss in four weeks as iron ore prices fall

February 21, 2014 8:03 am
Australian dollar lost ground against its US counterpart on trading Friday and was set to register its first weekly drop in four weeks, after prices of iron ore, Australias largest export, fell. AUD/USD touched a session low at 0.8982 at 6:30 GMT, after which consolidation followed at 0.8980, losing 0.18% for the day. The pair […] Read more

AUD/USD retreats as Chinese manufacturing activity slows

February 20, 2014 8:23 am
Australian dollar fell against its US counterpart on trading Thursday, after a report showed manufacturing activity in worlds second largest economy slowed down in February, which dampened demand for high-yielding assets. AUD/USD fell to a session low at 0.8937 at 4:10 GMT, after which consolidation followed at 0.8955, losing 0.52% for the day. Support was […] Read more

AUD/USD trades little changed ahead of Fed minutes, Chinese manufacturing data

February 19, 2014 8:21 am
Australian dollar managed to pare earlier losses and traded little changed against its US rival on Wednesday before the Federal Reserve Bank releases the minutes of its most recent meeting on policy later in the day and HSBC Holdings Plc announces the preliminary value of its manufacturing PMI for China on Thursday. AUD/USD fell to […] Read more