Articles by: Miroslav Marinoff

Outlook for AUD/USD during the upcoming week

Australian dollar traded slightly higher against its US counterpart during late US session on Friday, after an official report showed employment in the United States increased at a lesser than expected pace in January, while unemployment rate diminished. Having touched daily highs at 0.8999 at 13:57 GMT, also the highest point since January 14th, AUD/USD […] Read more

AUD/USD reverses earlier gains ahead of US non-farm payrolls report

Australian dollar fell against its US rival on trading Friday, as markets expect the Federal Reserve Bank to continue scaling back its monetary stimulus and ahead of the keenly anticipated non-farm payrolls report, which may show that job gain accelerated in January. AUD/USD slid to a session low at 0.8922 at 1:17 GMT, after which […] Read more

AUD/USD touches three-week highs as Australian trade balance emerges with a surplus

Australian dollar rose to highs unseen in three weeks against its US counterpart on trading Thursday, following a report to show Australia recorded an unexpected surplus on its trade balance in December. AUD/USD climbed to a daily high at 0.8980 at 0:58 GMT, also the pairs highest point since January 14th, after which consolidation followed […] Read more

AUD/USD loses ground ahead of Reserve Bank of Australia statement

Australian dollar lost ground against its US counterpart on trading Wednesday, after marking its most considerable daily advance since June yesterday, ahead of Reserve Bank of Australias quarterly policy statement, scheduled to be released on Friday. AUD/USD slipped to a session low at 0.8874 at 3:45 GMT, after which consolidation followed at 0.8892, falling 0.22% […] Read more

AUD/USD sharply up as RBA leaves borrowing costs on hold

Australian dollar recorded a sharp advance to highs unseen in almost three weeks against its US counterpart on trading Tuesday, following Reserve Bank of Australias (RBA) decision to leave its benchmark interest rate unchanged at the policy meeting conducted today. AUD/USD climbed to a daily high at 0.8914 at 7:20 GMT, also the pairs highest […] Read more

AUD/USD retains gains as Chinese manufacturing activity expands in January

Australian dollar preserved daily gains against its US counterpart on Monday, after an official report said that manufacturing activity in China, Australias largest export market, increased in January. AUD/USD touched a session high at 0.8772 at 1:15 GMT, after which consolidation followed at 0.8760, gaining 0.09% for the day. Support was likely to be received […] Read more

Outlook for USD/CHF during the upcoming week

US dollar traded higher against the Swiss franc on Friday, following a set of overall positive data from the United States, while the Federal Reserve Bank continued with its plans to reduce the scale of monthly monetary stimulus. USD/CHF touched a session high at 0.9080 at 20:00 GMT, or the highest point since January 23rd, […] Read more

AUD/USD pares losses in late US trade on Friday

Australian dollar managed to distance from lows unseen in 3.5 years, but still remained lower against its US rival during the late phase of US session on Friday, following a set of overall positive data from the United States. AUD/USD plunged to a daily low at 0.8694 at 13:45 GMT, after which the pair closed […] Read more

AUD/USD set for first weekly gain in three weeks

Australian dollar trimmed its advance against its US counterpart on Friday, but was still poised to register its first weekly gain in the past three weeks ahead of Reserve Bank of Australias meeting on policy next week. AUD/USD slid to a session low at 0.8753 at 5:15 GMT, after which consolidation followed at 0.8765, losing […] Read more

AUD/USD plummets to fresh 3 1/2-year lows as Federal Reserve tapers

Australian dollar fell to lows unseen in 3.5 years against its US rival on Thursday, after the Federal Reserve Bank decided to pare back its monthly monetary stimulus at its policy meeting yesterday in line with expectations. AUD/USD touched a daily low at 0.8711 at 1:45 GMT, also the pairs lowest point since July 20th […] Read more