Articles by: Miroslav Marinoff

AUD/USD hits session highs after Australian data string

Australian dollar climbed to session highs against its US rival on Monday, following the release of an encouraging string of economic data out of Australia and amid prospects that the Reserve Bank of Australia will not consider a rate cut at its policy meeting tomorrow. AUD/USD reached a session high at 0.9499 at 6:05 GMT, […] Read more

Outlook for USD/JPY cross during the upcoming week

US dollar climbed to its highest point in two weeks against the Japanese yen on trading Friday, as the ISM manufacturing activity index for the United States demonstrated an unexpectedly strong performance in October, giving strength to expectations that the Federal Reserve Bank may consider a scale back of its monthly stimulus sooner than anticipated. […] Read more

EUR/USD close to two-week lows during late US trade on Friday

The euro traded in proximity to two-week lows against the US dollar during late phase of US session, after the Institute for Supply Management (ISM) reported that its index of manufacturing activity climbed to the highest level since April 2011, while the euro was still pressured by prospects of a potential rate cut by the […] Read more

USD/CAD hits session highs after upbeat ISM manufacturing data

US dollar climbed to session highs against its US rival on trading Friday, as the Institute for Supply Management (ISM) reported that its index of manufacturing activity climbed to the highest level since April 2011. USD/CAD reached a session high at 1.0454 at 13:19 GMT, after which consolidation followed at 1.0450, gaining 0.18% for the […] Read more

GBP/USD retreats as UK manufacturing PMI misses

British pound lost ground against the US dollar on Friday, after a report showed that manufacturing activity in the United Kingdom slowed down a bit more than projected in October, while speculation that the Federal Reserve Bank may begin paring back its stimulus program sooner than anticipated continued to provide support to dollars demand. GBP/USD […] Read more

EUR/USD tumbles to two-week lows, as lower inflation in the Euro zone may put a possible rate cut back on the table

The euro plunged to the lowest point in two weeks against the US dollar on Friday, as yesterdays weak economic data released out of the Euro zone would prompt the European Central Bank (ECB) to consider a cut in its benchmark interest rate. EUR/USD fell to a session low at 1.3518 at 7:15 GMT, also […] Read more

AUD/USD remains higher following Australian producer price inflation, Chinese PMI

Australian dollar preserved gains against its US counterpart on Friday, as producer prices in Australia rose more than projected during Q3 and Chinese manufacturing activity expanded to reach an 18-month high in October. AUD/USD touched a session high at 0.9490 at 6:35 GMT, after which consolidation followed at 0.9480, gaining 0.27% for the day. Support […] Read more

NZD/USD edges higher following Chinese manufacturing data

New Zealand dollar edged higher against its US rival on Friday, as manufacturing activity in China, New Zealands largest export market, rose to an 18-month high in October. NZD/USD climbed to a session high at 0.8278 at 6:20 GMT, after which consolidation followed at 0.8273, up 0.11% for the day. Support was likely to be […] Read more

USD/CAD slips to session lows as Canadian GDP outperforms expectations

US dollar slipped to session lows against its Canadian counterpart on Thursday, after an official report said that Canadian economy grew more than projected in August. USD/CAD reached a session low at 1.0421 at 12:37 GMT, after which consolidation followed at 1.0433, losing 0.44% for the day. Support was likely to be received at October […] Read more