Articles by: Miroslav Marinoff

USD/CAD little changed in thin trade

US dollar was little changed and in proximity to two-month highs against its Canadian counterpart during the thin trade on Monday, as US and Canadian economic reports, released on Friday, bolstered bets that economy of the North American region may outperform the rest of the world. USD/CAD touched a session high at 1.0487 during the […] Read more

USD/JPY trades steadily after Japanese current account data

US dollar traded little changed against the Japanese yen on Monday, as Japanese current account surplus widened more than expected in September and investment income overseas increased in value due to weaker yen. USD/JPY slipped to a session low at 98.92 at 7:00 GMT, after which consolidation followed at 99.18, gaining 0.10% for the day. […] Read more

AUD/USD edges lower, nearing five-week lows

Australian dollar traded lower against its US counterpart on Monday, nearing the lowest point in five weeks, despite the upbeat industrial production data out of China released during the weekend while Australian home lending increased in September, as the prospects of a sooner than projected scale back of Feds quantitative easing were still providing support […] Read more

Outlook for USD/JPY cross during the upcoming week

US dollar demostrated a strong rally against the Japanese yen on trading Friday, supported by the unexpected increase in US non-farm payrolls during October, which also boosted speculation that the Federal Reserve Bank may consider a scale back of its stimulus program sooner than expected. USD/JPY closed at 99.09 on Friday, soaring 1.01% on a […] Read more

GBP/USD edges lower as UK trade balance deficit widens unexpectedly

British pound traded lower against the US dollar on Friday, after a report showed that the deficit on United Kingdoms trade balance widened unexpectedly in September, as concerns arose that this larger deficit could have a negative impact on growth during the third quarter. GBP/USD slipped to a session low at 1.6060 at 9:50 GMT, […] Read more

NZD/USD edges higher supported by Chinese trade balance data

New Zealand dollar traded higher against its US counterpart on Friday, after a report showed Chinese exports rose at a faster than projected pace in October, following the surprising decline a month ago. NZD/USD climbed to a session high at 0.8350 at 7:40 GMT, after which consolidation followed at 0.8330, rising 0.07% for the day. […] Read more

EUR/USD edges lower as Standard & Poor’s reduces France’s rating, ECB policy decision still weighs

The euro traded lower against the US dollar on Friday, heading for its largest two-week drop in over 1 year, as Standard & Poor’s revised down Frances long-term credit rating, which boosted the pressure upon the single currency, especially after yesterdays rate decision by the European Central Bank. EUR/USD slipped to a session low at […] Read more

AUD/USD strengthens on better than projected Chinese import

Australian dollar traded higher against its US counterpart on Friday after better than projected import data out of China neutralized the influence of the revised downward growth forecasts by Reserve Bank of Australia (RBA). AUD/USD touched a session high at 0.9480 at 2:37 GMT, after which consolidation followed at 0.9470, rising 0.17% for the day. […] Read more