Articles by: Miroslav Marinoff

USD/CAD hits session highs after ISM non-manufacturing data

US dollar rose to session highs against its Canadian counterpart on Tuesday after the release of a report to show that activity in the sector of services in the United States increased at a faster than projected pace in October. USD/CAD reached a session high at 1.0453 at 15:07 GMT, after which consolidation followed at […] Read more

EUR/JPY falls to three-week lows on spurred safe haven demand

The euro fell to its lowest point in three weeks against the Japanese yen on trading Tuesday, as safe haven demand for the yen was triggered amid speculation that the European Central Bank led by President Mario Draghi will introduce additional stimulus at its policy meeting on Thursday. EUR/JPY fell to a session low at […] Read more

GBP/USD soars to session highs as UK sector of services expands

British pound climbed to session highs against the US dollar on Tuesday, as activity in the sector of services in the United Kingdom expanded at the fastest pace in 16 years in the month of October. GBP/USD rose to a session high at 1.6062 at 10:05 GMT, after which consolidation followed at 1.6053, gaining 0.53% […] Read more

EUR/USD preserves daily losses before ECB meeting, Draghi statement

The euro remained lower against the US dollar on trading Tuesday, as market players were cautious ahead of European Central Banks interest rate decision and President Mario Draghis statement on Thursday. EUR/USD slipped to a session low at 1.3482 at 8:55 GMT, after which consolidation followed at 1.3489, losing 0.20% for the day. Support was […] Read more

NZD/USD little changed ahead of New Zealand employment report

New Zealand dollar traded little changed against its US counterpart on Tuesday, as market players awaited the report on employment in New Zealand due out later in the day, while at the same time, Federal Reserve Bank officials fueled speculation that a near-term scale back of Feds stimulus program was not likely. NZD/USD fell to […] Read more

AUD/USD trades still lower after RBA decision, Stevens comments

Australian dollar traded lower against its US counterpart on Tuesday, following Reserve Bank of Australias decision to keep its benchmark rate unchanged at the current record low level, while banks Governor Glenn Stevens said that the national currency was “uncomfortably high”. AUD/USD touched a session low at 0.9464 at 3:50 GMT, after which consolidation followed […] Read more

USD/CAD trades lower after US factory orders data

US dollar traded lower against its Canadian counterpart on Monday, after the release of Septembers report on factory orders out of the United States, while at the same time, Canadian currency was underpinned alongside other commodity currencies such as the Aussie. USD/CAD touched a session low at 1.0398 at 12:15 GMT, after which consolidation followed […] Read more

GBP/USD climbs to session highs as UK construction activity expands

British pound reached a session high against the US dollar on Monday, recovering from two-week lows, after an official report showed that activity in the sector of construction in the United Kingdom expanded at the fastest pace in six years in October. GBP/USD touched a session high at 1.5972 at 11:00 GMT, after which consolidation […] Read more

EUR/USD trades close to session highs after Euro zone manufacturing PMI, investor confidence data

The euro managed to erase earlier losses and climbed to a session high against the US dollar on Monday, as the final value of the manufacturing PMI in the Euro zone for October coincided with the preliminary data and investor confidence in the region rose. Having fallen to six-week lows earlier at 1.3442, the pairs […] Read more

NZD/USD rises to session highs, but gains seem capped

New Zealand dollar rose to session highs against its US peer on Monday, but gains seemed to remain limited due to expectations that the Federal Reserve Bank may begin paring back its asset purchases sooner than projected. NZD/USD reached a session high at 0.8299 at 7:20 GMT, after which consolidation followed at 0.8290, gaining 0.38% […] Read more