Articles by: Miroslav Marinoff

Outlook for USD/CHF cross during the upcoming week

US dollar was losing ground against the Swiss franc on Friday amid speculation that greenback’s recent advance against major peers was excessive, while traders also speculated that the Federal Reserve Bank will probably not tighten its monetary policy and raise borrowing costs soon. Having touched a session low at 0.8800 on Friday, USD/CHF ended the […] Read more

USD/CAD trades close to three-year highs during late US session on Friday

US dollar traded in proximity to highs unseen in three years against its Canadian counterpart during late US session on Friday, as Bank of Canada intends to maintain interest rates at low levels for more than one year, while the Federal Reserve Bank trims its monthly monetary stimulus starting January. USD/CAD touched a session high […] Read more

AUD/USD rises on speculation greenback’s recent advance is excessive

Australian dollar gained ground against its US rival on trading Friday amid speculation that greenbacks recent gains against major peers were excessive, while a technical indicator signaled US dollar was overbought against the Japanese yen. AUD/USD touched a session high at 0.8929 at 7:30 GMT, after which consolidation followed at 0.8924, gaining 0.31% for the […] Read more

AUD/USD falls to one-week lows on US economy outlook

Australian dollar traded close to lows unseen in one week against its US counterpart on Thursday, as Federal Reserve Bank trims its monthly asset purchases on improving economy. AUD/USD reached a session low at 0.8879, also the pairs lowest point since December 20th, after which consolidation followed at 0.8888, down 0.40% for the day. Support […] Read more

AUD/USD remains steady in light trade

Australian dollar traded steadily against its US counterpart on Wednesday after yesterdays report on durable goods orders from the United States, while trading volumes are expected to remain thin during Christmas holiday. AUD/USD touched a session high at 0.8931 at 7:50 GMT, after which consolidation followed at 0.8923, dipping 0.05% for the day. Support was […] Read more

AUD/USD rises in holiday-thinned trade

Australian dollar gained ground against its US counterpart on trading Monday amid speculation that investors are exiting their positions on before year-end and ahead of the release of Federal Reserve’s preferred inflation measure. AUD/USD touched a session high at 0.8946 at 5:40 GMT, after which consolidation followed at 0.8932, gaining 0.10% for the day. Support […] Read more

Outlook for USD/CHF cross during the upcoming week

Having reached highs unseen in two weeks against the Swiss franc, US dollar trimmed gains on Friday, as market players locked-in their gains following Federal Reserves policy decision earlier in the week. After hitting a session high at 0.9001 at 7:40 GMT, USD/CHF closed at 0.8962 on Friday, losing 0.18% for the day, while recording […] Read more

AUD/USD trades steadily, poised for the longest streak of weekly losses since 1982

Australian dollar traded little changed against its US rival on Friday and was set for its longest streak of weekly losses since before it was floated 30 years ago after Reserve Bank of Australia (RBA) Governor Glenn Stevens repeated that national currencys exchange rate was too high and following Federal Reserves decision to scale back […] Read more

AUD/USD trades steadily close to over three-year lows as the Federal Reserve decides to taper

Australian dollar traded steadily and in proximity to more than three-year lows against its US counterpart on Thursday, following Feds decision to reduce the scale of its monthly asset purchases at the policy meeting on Wednesday. AUD/USD reached a session low at 0.8823 at 3:25 GMT, also the pairs lowest point since August 25th 2010, […] Read more