Articles by: Miroslav Marinoff

AUD/USD pares earlier gains, but remains supported after Yellen’s remarks

Having climbed to daily highs against the US dollar earlier on Friday, due to spurred appetite for riskier assets, as stimulus programs over the globe will likely remain in place, the Aussie subsequently pared its advance. AUD/USD rose to a session high at 0.9352 at 4:00 GMT, after which consolidation followed at 0.9325. Support was […] Read more

EUR/USD trades steadily after Yellen’s testimony, consumer inflation report ahead

The euro traded little changed against the US dollar on Friday, as Janet Yellens dovish remarks at a testimony yesterday, provided a boost to riskier assets, but however, euros upside movement seemed to remain restrained, because of the GDP reports, released out of several Euro zone countries on Thursday. EUR/USD slipped to a session low […] Read more

USD/JPY maintains ground above 100.00 due to trimmed safe haven demand

USD/JPY continued trading above 100.00 on Friday, as expectations that monetary stimulus programs in the United States, Europe and Japan will remain in place dampened demand for safe haven assets such as the Japanese yen. USD/JPY reached a session high at 100.31 at 1:15 GMT, also the pairs highest point since September 11th, after which […] Read more

USD/CAD trades close to two-month highs after US, Canadian data points

US dollar traded in proximity to highs unseen in two months against its Canadian counterpart on Thursday, as US trade balance deficit widened in September, jobless claims fell less than projected, while Septembers trade deficit in Canada contracted considerably. USD/CAD reached a session high at 1.0508 at 11:40 GMT, also the pairs highest point since […] Read more

GBP/USD pares earlier losses as UK retail sales decrease

Having fallen to daily lows earlier on Thursday, British pound pared losses against the US dollar, as it became clear that retail sales in the United Kingdom unexpectedly dropped in October, which suggested that recovery was still insecure. GBP/USD fell to a session low at 1.5989 at 9:35 GMT, after which consolidation followed at 1.6013, […] Read more

NZD/USD falls as NZ retail sales disappoint

New Zealand dollar edged lower against its US counterpart on trading Thursday, as retail sales in New Zealand missed forecasts, while speculation over the timing of a possible scale back of Federal Reserve Banks monetary stimulus continued to influence sentiment. NZD/USD fell to a session low at 0.8254 at 8:30 GMT, after which consolidation followed […] Read more

EUR/USD retreats from earlier highs after preliminary GDP data from Germany and France

The euro distanced from earlier highs against the US dollar on trading Thursday, after it became clear that French economy shrank and German economy decelerated its pace during the third quarter of the year. Having climbed to as high as 1.3495 at 0:15 GMT on Thursday, EUR/USD cross slipped lower to trade at 1.3465 at […] Read more

USD/JPY strengthens as Japanese Q3 growth decelerates

US dollar traded higher against the Japanese yen on Thursday, after a report revealed that Japanese economic growth slowed down during the third quarter of the year, which suggested that the current scale of monetary stimulus may be kept or even may be increased. USD/JPY reached a session high at 99.81 at 8:00 GMT, after […] Read more

EUR/USD edges lower as industrial production in the Euro zone shrinks

The euro traded lower against the US dollar on Wednesday, after a report showed that industrial output in the Euro zone contracted more than initially estimated in September, which implied that economic recovery in the region continued to stall. EUR/USD slipped to a session low at 1.3409 at 10:45 GMT, after which consolidation followed at […] Read more