Articles by: Miroslav Marinoff

USD/JPY soars over 1% on Friday following upbeat US employment data

US dollar sharply gained ground and preserved its advance against the Japanese yen during the late phase of US session on Friday, after reports showed an outstanding data regarding non-farm payrolls and consumer confidence in the United States. USD/JPY rose to a session high at 102.96 at 19:25 GMT, after which the pair closed at […] Read more

AUD/USD loses ground ahead of US non-farm payrolls report

Australian dollar traded lower against its US counterpart on Friday ahead of the release of the non-farm payrolls report out of the United States later in the day and following the upward revision of the US Gross Domestic Product, reported on Thursday. AUD/USD slipped to a session low at 0.9036 at 1:04 GMT, after which […] Read more

AUD/USD trades in proximity to three-month lows as Australian trade deficit widens more than projected

Australian dollar traded in proximity to lows unseen in three months against its US rival on Thursday, after a report showed that Australias trade balance produced a larger-than-expected deficit in October and ahead of the US GDP report, due out later in the day. AUD/USD fell to a session low at 0.9014 at 0:36 GMT, […] Read more

AUD/USD falls to three-month lows as Australian GDP comes short of expectations

Australian dollar weakened to lows unseen in three months against its US counterpart on Wednesday, as Australias Gross Domestic Product increased at a lesser rate than projected during the third quarter of the year, which added to the case that the Reserve Bank of Australia (RBA) may consider to cut borrowing costs further in order […] Read more

AUD/USD preserves daily losses as RBA abstains from action

Australian dollar traded lower against its US counterpart on Tuesday, after the Reserve Bank of Australia (RBA) refrained from introducing a cut of its benchmark interest rate and despite that Australian retail sales outpaced expectations in October. AUD/USD reached a session low at 0.9058 at 4:35 GMT, after which consolidation followed at 0.9073, falling 0.36% […] Read more

AUD/USD advances after China’s manufacturing PMI outstrips expectations, Australian data

Australian dollar distanced from almost three-month lows against its US counterpart on Monday, after a report showed that activity in Chinas sector of manufacturing expanded more than initially projected, while a string of economic data released out of Australia left unchanged the overall view that Reserve Bank of Australias monetary policy will remain intact. Having […] Read more

Outlook for USD/JPY cross during the upcoming week

US dollar climbed to highs unseen in six months against the Japanese yen on trading Friday, as expectations mounted that Japanese central bank may have to introduce additional stimulus measures in order to achieve its inflation target of 2% in two years time. Having touched its highest point since May 23rd at 102.61 during Asian […] Read more

USD/CAD near two-year highs in late US trade on Friday

US dollar traded in proximity to highs unseen in two years against its Canadian rival during the late phase of US session on Friday on speculation that the Federal Reserve Bank will pare back its monthly monetary stimulus before Bank of Canada officials consider such a move. USD/CAD reached a daily high at 1.0629 at […] Read more

GBP/USD distances from ten-month highs, as UK lending data misses projections

British pound came off highs unseen in ten months against the US dollar on Friday, as a report said that consumer lending and lending secured on dwellings in the United Kingdom mismatched forecasts, but, however, cable remained supported following Bank of England (BoE) Governor Mark Carneys statement on Thursday. GBP/USD slid to a daily low […] Read more