Articles by: Miroslav Marinoff

GBP/USD trims advance after Carney’s testimony

British pound trimmed its daily advance against the US dollar, following Bank of England (BoE) Governor Mark Carneys testimony before the Treasury Committee, where he said that an unemployment rate of 7% was a threshold for a rate hike. GBP/USD reached a session high at 1.6194 at 8:50 GMT, after which consolidation followed at 1.6175, […] Read more

AUD/USD snaps four-day losses on RBA Lowe’s comments, NZD/USD gains

Australian dollar snapped a four-day loss against its US counterpart on Tuesday, after Reserve Bank of Australias Deputy Governor Philip Lowe cooled recent speculation that the bank was close to intervention in the currency market, as the bar for such a move was high. AUD/USD touched a session high at 0.9204 at 7:40 GMT, after […] Read more

USD/JPY snaps three-day gains after Bank of Japan minutes

US dollar snapped a three-day advance against the Japanese yen on Tuesday, after the minutes of Bank of Japans (BoJ) most recent policy meeting revealed that some policymakers saw greater downside risks to nations economy, while the majority saw a balanced risk. USD/JPY fell to a daily low at 101.34 at 0:20 GMT, after which […] Read more

USD/CAD preserves gains despite downbeat US pending home sales, nuclear deal with Iran weighs on loonie

US dollar preserved gains against its Canadian counterpart on Monday, despite the index of pending home sales in the United States dropped in October, while crude oil futures plunged after a deal on Iranian nuclear program has been struck, which pressured demand for the Canadian currency. Having touched its highest point since July 8th at […] Read more

EUR/USD slips to daily lows after ECB Hansson’s comments

The euro fell sharply to daily lows against the US dollar on Monday, after European Central Bank board member and Bank of Estonia Governor Ardo Hansson said that the central bank does not rule out the possibility of a new rate cut. EUR/USD touched a session low at 1.3508 at 10:25 GMT, after which consolidation […] Read more

USD/JPY rises to six-month highs as safe haven demand fades

US dollar advanced to highs unseen in six months against the Japanese yen on Monday, as demand for safe haven assets, such as the yen, decreased after an agreement has been reached to set limits on Iranian nuclear program. USD/JPY climbed to a session high at 101.92 at 6:00 GMT, also the pairs highest point […] Read more

AUD/USD slides before RBA Lowe’s statement

Australian dollar slid against its US counterpart on Monday before Reserve Bank of Australias deputy governor Philip Lowe takes a statement in Sydney on Tuesday, as speculation mounted that the central bank will consider an intervention in order to ease the strength of the national currency. AUD/USD fell to a daily low at 0.9122 at […] Read more

Outlook for USD/JPY cross during the upcoming week

US dollar climbed to a 4.5-month high against the Japanese yen on Friday, due to the prospect that Japanese central bank will introduce additional easing measures during 2014, which pressured demand for the yen. Having reached highs unseen since July 8th at 101.36 at 20:15 GMT, USD/JPY cross ended the week at 101.27, gaining 0.10% […] Read more

USD/CHF retreats during late US trade on Friday, nearing three-week lows

US dollar traded in proximity to lows unseen in three weeks against the Swiss franc during the late phase of US session on Friday, as safe haven demand for the greenback was pressured, because investorsoptimism increased following the release of German business climate data earlier in the day. After having fallen to a session low […] Read more

USD/CAD preserves gains despite upbeat Canadian retail sales

US dollar continued trading on positive territory against its Canadian counterpart on Friday, despite the unexpectedly sharp climb of Canadian retail sales in September, as the greenback was still supported by the positive set of data, released on Thursday. Having climbed to a daily high at 1.0569 at 10:35 GMT, the highest level since July […] Read more