Articles by: Miroslav Marinoff

AUD/USD hits two-month lows as HSBC manufacturing PMI for China slows, RBA Stevens hints intervention

Australian dollar fell to lows unseen in two months against its US counterpart on Thursday after the release of downbeat data on manufacturing activity out of China in November, while the Fed minutes, published on Wednesday, still supported the greenback. AUD/USD slid to a daily low at 0.9257 at 9:10 GMT, also the pairs lowest […] Read more

USD/JPY advances to four-month highs as Bank of Japan holds interest rates, yield gap widens

US dollar climbed to highs unseen in four months against the Japanese yen on Thursday, after Bank of Japan (BoJ) decided to leave its benchmark rate unchanged, while the divergence between monetary policies of Japan and the United States caused the gap between yields on government bonds to widen the most since September. USD/JPY touched […] Read more

USD/CAD edges lower after US data string, Fed minutes ahead

US dollar edged lower against its Canadian counterpart on Wednesday, following the release of mixed economic data out of the United States, while markets awaited the minutes of Federal Reserve Banks policy meeting in October. USD/CAD recorded a session low at 1.0443 at 12:25 GMT, after which consolidation followed at 1.0447, losing 0.22% for the […] Read more

EUR/USD hits fresh session lows as US retail sales outstrip expectations

The euro reached daily lows against the US dollar on Wednesday, after a report showed that retail sales in the United States rose more than projected in October, while core consumer price index came in line with preliminary estimates during the same month. EUR/USD slipped to a session low at 1.3515 at 13:31 GMT, after […] Read more

GBP/USD off three-week highs after BoE minutes

Having climbed to highs, unseen in three weeks, against the US dollar, British pound pared its advance, following the publication of the minutes of Bank of Englands most recent policy meeting, at which the benchmark interest rate has been maintained at the current record low level of 0.50%. GBP/USD touched a session high at 1.6153 […] Read more

AUD/USD falls after Bernanke’s remarks

Australian dollar was demonstrating a retreat against its US counterpart on Wednesday, as Federal Reserve Chairman Ben Bernanke indicated that banks base interest rate may remain in proximity to zero long after asset purchases end, which triggered a broad support for the greenback. AUD/USD reached a session low at 0.9382 at 6:30 GMT, after which […] Read more

USD/JPY trades steadily after Bernanke’s statement, Japanese trade balance data

Having retreated to daily lows during Wednesdays Asian session, following Fed Chairman Ben Bernankes comments regarding interest rate outlook in the United States and after a report showed Japanese trade deficit widened in October, USD/JPY cross managed to regain certain ground. USD/JPY fell to a session low at 99.94 at 2:35 GMT, after which consolidation […] Read more

USD/CAD edges higher as crude oil trades close to almost five-month lows

US dollar edged higher against its Canadian counterpart on Tuesday, as crude oil, Canadas largest export, traded close to its lowest level in almost five months, but however, greenbacks gains seemed capped due to mounting expectations that the Federal Reserve will delay tapering of its monetary stimulus probably until early next year. USD/CAD touched a […] Read more

EUR/USD edges lower following ZEW institute reports

The euro edged lower against the US dollar on Tuesday, as the Zentrum für Europäische Wirtschaftsforschung (ZEW) released mixed data regarding economic sentiment and current situation in Germany and the Euro zone as a whole. EUR/USD reached a session low at 1.3488 at 12:07 GMT, after which consolidation followed at 1.3495, losing 0.08% for the […] Read more

USD/JPY slides a second day on Fed stimulus prospects

US dollar was losing ground for a second consecutive day against the Japanese yen on Tuesday, as speculation appeared that Federal Reserve Banks stimulus program will remain in place for longer, as US economic growth was still not sufficiently strong. USD/JPY fell to a session low at 99.57 at 1:55 GMT, after which consolidation followed […] Read more