Articles by: Miroslav Marinoff

USD/JPY preserves losses as Bank of Japan, Fed put monetary easing on hold

US dollar was losing ground against the Japanese yen on Thursday, after Bank of Japan (BoJ) maintained its unprecedented monetary stimulus at the policy meeting today, also reiterating that the rate of inflation in the country will almost reach the 2% inflation objective during the year starting on April 2015. At the same time, the […] Read more

AUD/USD trades higher following upbeat Australian building approvals data

Australian dollar edged higher against its US counterpart on Thursday, as building approvals in Australia considerably outstripped forecasts and despite that the greenback received support after FOMC policy decision. AUD/USD touched a session high at 0.9508 at 0:45 GMT, after which consolidation followed at 0.9502, gaining 0.19% for the day. Support was likely to be […] Read more

NZD/USD remains on negative territory following RBNZ Wheeler statement

New Zealand dollar preserved daily losses against its US counterpart on Thursday, following Reserve Bank of New Zealand (RBNZ) Governor Graeme Wheelers statement and after the central bank left its benchmark rate unchanged. NZD/USD slid to a session low at 0.8231 during the early phase of Asian trade, after which consolidation followed at 0.8244, still […] Read more

USD/CAD retreats after ADP report on US employment

US dollar slipped lower against its Canadian counterpart on Wednesday, after the ADP Research Institute reported that employers in the United States added fewer than expected job positions in October, which boosted the case that the Federal Reserve will probably delay the reduction of its monetary stimulus until early next year. Having reached its highest […] Read more

NZD/USD edges higher before Federal Reserve Bank’s policy decision

New Zealand dollar edged higher against its US peer on Wednesday, after having fallen to a four-week low earlier in the day, as Moody’s Investors Service said that it considered reducing New Zealands AAA credit rating. NZD/USD reached a session high at 0.8287 at 7:51 GMT, after having tumbled to its lowest point since October […] Read more

AUD/USD on positive territory after upbeat Australian home sales

Australian dollar traded higher against its US rival on Wednesday, as a report showed that new home sales in Australia continued to increase in the month of September. AUD/USD touched a session high at 0.9506 at 6:40 GMT, after which consolidation followed at 0.9498, rising 0.20% for the day. Support was likely to be found […] Read more

USD/JPY preserves gains after Japanese industrial report, FOMC meeting ahead

US dollar traded higher against the Japanese yen on Wednesday, after Japans industrial production climbed below expectations and amid speculation that the Federal Reserve Bank will probably maintain the pace of its stimulus after the policy meeting is concluded today. USD/JPY reached a session high at 98.27 at 0:55 GMT, after which consolidation followed at […] Read more

USD/CAD trades little changed after US data string

US dollar traded with a slight change against its Canadian rival on Tuesday, following the release of mixed data out of the United States, which might add to the case that the Federal Reserve Bank will abstain from trimming the monthly pace of its monetary stimulus at the policy meeting, starting today. Having slipped to […] Read more