Articles by: Miroslav Marinoff

GBP/USD soars to daily highs as UK jobless claims fall more than expected

British pound managed to regain ground and rose to daily highs against the US dollar on Wednesday, as the number of jobless claims in the United Kingdom was reported to have dropped more than projected in October, while the rate of unemployment in the country fell to over four-year lows. Having fallen to daily lows […] Read more

NZD/USD trades little changed after RBNZ Wheeler statement

New Zealand dollar traded little changed against its US rival on Wednesday, after having distanced from eight-week lows earlier, after Reserve Bank of New Zealand Governor Graeme Wheeler said that the kiwi dollar could appreciate once the central bank begins raising borrowing costs next year. NZD/USD rallied to a session high at 0.8239 at 2:00 […] Read more

USD/JPY little changed, close to eight-week highs

US dollar traded little changed and in proximity to highs unseen in eight weeks against the Japanese yen on Wednesday, as speculation mounted that the Federal Reserve Bank will consider a scale back of its stimulus early next year, while Japanese machine orders dropped more than initially projected in September. Having reached its highest point […] Read more

AUD/USD trades steadily, close to eight-week lows on Fed stimulus speculation

Australian dollar traded little changed and in proximity to eight-week lows against its US counterpart on Wednesday, as speculation over the timing of a possible stimulus scale back by the Federal Reserve continued to persist, while in Australia the wage cost index climbed at the slowest pace since the beginning of record back in 1997. […] Read more

USD/CAD edges higher, trading close to two-month highs on Fed speculation

US dollar edged up against its Canadian counterpart and traded in proximity to two-month highs on Tuesday, as speculation continued to persist that recent strong data, released out of the United States, may prompt the Federal Reserve Bank to taper it monthly asset purchases soon. USD/CAD touched a session high at 1.0509 at 11:55 GMT, […] Read more

EUR/USD distances from earlier lows, but upside seems limited

The euro managed to distance from earlier lows against the US dollar on Tuesday, but gains seemed to remain capped, as weak inflation data, released out of Germany today, still weighed on demand for the common currency. Having fallen to as low as 1.3359 at 9:35 GMT, EUR/USD reached a session high at 1.3446 at […] Read more

GBP/USD plunges to two-month lows as UK inflation data disappoints

British pound plunged to its lowest point in two months against the US dollar on Tuesday, as a report showed that annual consumer inflation in the United Kingdom decelerated more than projected in October, marking the lowest level in over a year. GBP/USD fell steeply to a session low at 1.5854 at 9:32 GMT, also […] Read more

EUR/USD edges lower as German inflation slows, US NFP, GDP data still weighs

The euro edged lower against the US dollar on Tuesday, as the greenback remained supported by the upbeat US data, released at the end of last week, which boosted the view of a possible sooner than projected scale back of Federal Reserve Banks quantitative easing. EUR/USD slipped to a session low at 1.3372 at 8:40 […] Read more

USD/JPY reaches eight-week highs as yield gap widens the most since 2011

US dollar climbed to its highest point in eight weeks against the Japanese yen on Tuesday, as the gap between yields on Japanese and US 30-year bonds increased the most since 2011, after most recent economic data, released out of the United States, implied signs of stabilization in the country. USD/JPY touched a session high […] Read more

AUD/USD loses strength after NAB survey

Australian dollar traded lower and in proximity to six-week lows against its US counterpart on Tuesday, after the National Australia Banks (NAB) survey on business confidence for October revealed that a persistently expensive national currency is obstructing business projects. AUD/USD reached a session low at 0.9326 at 7:05 GMT, after which consolidation followed at 0.9331, […] Read more