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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.

Gold futures poised for largest weekly drop since September on QE outlook

November 22, 2013 1:06 pm
Gold futures traded close to lows unseen in four months on Friday, heading for their most significant weekly loss since September, as demand for the commodity has been pressured by renewed expectations that the Federal Reserve Bank may begin paring back its Quantitative Easing in the coming months. On the Comex division of the New […] Read more

EUR/USD hits daily highs as German business climate sharply improves

November 22, 2013 10:51 am
The euro advanced to daily highs against the US dollar on Friday, after a report by the Ifo research institute revealed that business climate in Germany suddenly improved in November, while additional support for the common currency was still provided by comments made by European Central Bank (ECB) President Mario Draghi. EUR/USD hit a session […] Read more

US government plans to withdraw its stake from General Motors

November 21, 2013 8:29 pm
US treasury stated that it plans to sell its remaining shares of General Motors by the end of this year. The withdrawal may relieve taxpayers of about $10 billion. Treasury has reported today that it sold $70 million worth of GM shares which added to the rest sums to $38.4 billion from the total of […] Read more

Natural gas futures hit 3-1/2-week high on upbeat inventories data

November 21, 2013 4:25 pm
Natural gas surged to the highest since the end of October after the Energy Information Administration reported a larger-than-expected withdrawal in U.S. inventories in the week ended November 15. Outlook for colder-than-usual weather through the beginning of December also weighed on prices. On the New York Mercantile Exchange, natural gas futures for settlement in December […] Read more

EUR/USD remains on positive territory despite upbeat US initial jobless claims data

November 21, 2013 2:20 pm
The euro continued trading higher against the US dollar on Thursday, despite that the number of initial jobless claims in the United States dropped more than projected, while the index of producer prices met expectations, as the common currency was still supported by comments made by European Central Bank President Mario Draghi earlier in the […] Read more

GBP/USD edges higher as UK industrial orders climb the most since 1995

November 21, 2013 1:15 pm
British pound edged higher against the US dollar on Thursday, after the Confederation of British Industry (CBI) reported that manufacturers orders in the United Kingdom registered the largest increase since 1995 in November, while another report said nations budget deficit narrowed in October. GBP/USD climbed to a daily high at 1.6141 at 12:10 GMT, after […] Read more