Articles by: Miroslav Marinoff

EUR/USD plunges over 1% as ECB unexpectedly cuts borrowing costs

The euro plunged sharply against the US dollar, the British pound and the Japanese yen on Thursday, after the European Central Bank unexpectedly reduced the benchmark interest rate to a new record low level, as the recent drop in inflation rate in the Euro zone to the slowest in four years posed a threat to […] Read more

GBP/USD hits session lows as Bank of England keeps its current policy course

British pound fell to daily lows against the US dollar on Thursday, after Bank of England maintained the current course of its monetary policy at todays meeting. GBP/USD slipped to its lowest point today at 1.6056 at 12:00 GMT, after which consolidation followed at 1.6067, losing 0.06% for the day. Support was likely to be […] Read more

NZD/USD trades little changed before US Q3 GDP

New Zealand dollar traded little changed against its US rival on Thursday, as markets awaited the release of the preliminary value of US Gross Domestic Product for Q3 later in the day. NZD/USD touched a session high at 0.8386 at 8:22 GMT, after which consolidation followed at 0.8377, dipping a mere 0.01% for the day. […] Read more

EUR/USD trades steadily ahead of ECB policy decision

The euro traded steadily against the US dollar on Thursday ahead of European Central Bank (ECB) policy decision due later in the day, after yesterdays upbeat German factory orders provided support for the common currency. EUR/USD reached a session high at 1.3529 at 6:00 GMT, after which consolidation followed at 1.3517, gaining a mere 0.02% […] Read more

AUD/USD off almost one-week highs after Australian jobs data

Australian dollar came off near a one-week high against its US counterpart on Thursday, as a report revealed that full-time employment in Australia decreased at the fastest pace in over a year in October. Having touched its highest point since October 29th at 0.9543, AUD/USD fell to a session low at 0.9466 at 1:00 GMT, […] Read more

USD/CAD falls to daily lows after upbeat Ivey PMI

US dollar slid to session lows against its Canadian counterpart on Wednesday, as the Richard Ivey School of Business in cooperation with the Purchasing Management Association in Canada said that their PMI rose more than expected in October. USD/CAD fell to a session low at 1.0412 at 15:10 GMT, after which consolidation followed at 1.0417, […] Read more

GBP/USD reaches daily highs after better than forecast manufacturing output in UK

British pound climbed to session highs against the US dollar on Wednesday, after manufacturing production in the United Kingdom expanded more than expected in September, another indication that nations recovery was indeed gaining momentum. GBP/USD reached a session high at 1.6118 at 9:35 GMT, also the pairs highest point since October 29th, after which consolidation […] Read more

EUR/USD remains higher after mixed services PMI data out of the Euro zone

The euro continued trading on positive territory against the US dollar on Wednesday, following the release of mixed data regarding activity in the services sector in Euro zones first four largest economies, while the European Central Bank (ECB) was seen by economists to abstain from reducing the benchmark interest rate at its policy meeting. Having […] Read more

AUD/USD trades steadily after Australian trade balance data, Fed taper speculation continues

Australian dollar traded steadily against its US peer on Wednesday, after a report showed that Australian trade balance deficit contracted more than projected in September, while upbeat services sector data released yesterday out of the United States provided certain support to the view of a sooner than expected tapering of stimulus by the Federal Reserve. […] Read more

NZD/USD rises to one-week highs after NZ employment data

New Zealand dollar climbed to levels unseen in more than one week against its US counterpart on Wednesday, after a report showed that employers in New Zealand hired more employees than projected during the third quarter of the year, which add to the case that nations central bank may raise its benchmark interest rate from […] Read more