Articles by: Miroslav Marinoff

AUD/USD gains after Australian leading index data and RBA minutes, Fed speculation pressures the greenback

Australian dollar rose to daily highs against its US counterpart on Tuesday, as the Conference Board said its leading index for Australia climbed in September, while the greenback remained under pressure amid expectations that Feds loose monetary policy will be in place for longer. AUD/USD reached a session high at 0.9402 at 7:15 GMT, after […] Read more

USD/CAD on over one-week lows due to Chinese economic reforms

US dollar reached its lowest point in more than one week against the loonie, as Canadas commodity export outlook improved due to Chinese package of economic reforms. USD/CAD slipped to a session low at 1.0416 at 13:35 GMT, also the pairs lowest point since November 7th, after which consolidation followed at 1.0419, still down 0.18% […] Read more

EUR/USD trades little changed after EZ current account data

The euro traded slightly changed and in proximity to over one-week highs against the US dollar on Monday, after Euro zones current account produced a lesser than projected surplus in September, while markets awaited the release of the minutes of Federal Reserve Banks most recent meeting on policy. EUR/USD rose to a session high at […] Read more

GBP/USD trades steadily after home prices in UK drop

British pound traded little changed against the US dollar on Monday, after a report the property-website operator Rightmove Plc. showed that home prices in the United Kingdom decreased in November. GBP/USD climbed to a session high at 1.6143 at 6:20 GMT, also the pairs highest point since October 29th, after which consolidation followed at 1.6134, […] Read more

AUD/USD advances as China embarks on economic reforms

Australian dollar traded on positive territory against its US counterpart on Monday, after China unveiled the largest economic reforms since the 1990s, which underscored a positive outlook for Australian exports towards worlds second largest economy. AUD/USD climbed to a session high at 0.9414 at 8:20 GMT, after which consolidation followed at 0.9404, rising 0.35% for […] Read more

Outlook for USD/JPY cross during the upcoming week

USD/JPY preserved ground above the 100.00 level on Friday, despite the weak industrial data, released out of the United States, but however, demand for safe haven yen remained under pressure due to expectations that the Federal Reserve will maintain the current monthly pace of its stimulus program probably until early next year. Having reached two-month […] Read more

USD/CAD falls to session lows after US manufacturing, industrial production reports

US dollar fell to daily lows against its Canadian counterpart on Friday, as the New York index of manufacturing plunged into negative territory this month and US industrial production contracted in October, while the loonie received a boost after Federal Reserve Chair-nominee Janet Yellen indicated that monetary stimulus will remain in place until signs of […] Read more

EUR/USD hits daily highs as New York Empire manufacturing index disappoints

The euro advanced to daily highs against the US dollar on Friday, after the release of downbeat manufacturing data regarding the New York region, while the upside for the euro may remain restrained, as the annual CPI in the Euro zone slowed down to a four-week low in October. EUR/USD touched a session high at […] Read more

GBP/USD slightly higher ahead of Bank of England minutes

British pound traded slightly higher and headed for a second consecutive weekly gain against the US dollar on Friday before Bank of England publishes the minutes of its most recent meeting on policy next week. GBP/USD reached a session high at 1.6091 at 8:00 GMT, after which consolidation followed at 1.6080, rising 0.09% for the […] Read more