Articles by: Miroslav Marinoff

Outlook for USD/JPY cross during the upcoming week

US dollar ended the week on negative territory against the Japanese yen on Friday, marking a second consecutive weekly loss, due to the release of a string of non-optimistic economic data out of the United States, which bolstered prospects that the Federal Reserve Bank will probably abstain from introducing a change to its monthly monetary […] Read more

USD/CAD on positive territory during late US session on Friday

US dollar traded higher and ended Fridays US session on positive territory against its Canadian counterpart, despite the fact that consumers in the United States remained less optimistic in late October, while Royal Bank of Canada embraced a more accommodative monetary policy and prices of crude oil plunged, marking their largest weekly loss since June. […] Read more

EUR/USD remains lower after upbeat US durable goods orders, downbeat IFO business climate for Germany

The euro fell from previously registered 23-month highs against the US dollar and preserved daily losses, following the release of disappointing German business climate data by the IFO institute and after another report showed that durable goods orders in the United States gained more than expected in September. EUR/USD slipped to a session low at […] Read more

GBP/USD trades higher after upbeat UK GDP

British pound was trading higher against the US dollar on Friday, following a report, which revealed UK economy expanded at the fastest pace in three years during the third quarter of 2013. GBP/USD climbed to a session high at 1.6246 at 4:30 GMT, the pairs highest point since October 23rd, after which consolidation followed at […] Read more

AUD/USD falls on triggered risk aversion

Australian dollar was trading lower against its US counterpart on Friday, as market players curbed appetite for riskier assets, such as the Aussie, and focused on the upcoming policy meeting by the Federal Reserve next week, in pursuit for clues of banks next move on stimulus. AUD/USD fell to a session low at 0.9584 at […] Read more

EUR/USD reaches new 23-month highs on Fed expectations, before US consumer sentiment

The euro climbed to a new 23-month high against the US dollar on Friday, as the greenback continued losing ground against peers due to expectations that the Federal Reserve Bank may postpone its plans to taper stimulus until next year. EUR/USD hit a session high at 1.3833 at 4:30 GMT, also the pairs highest point […] Read more

USD/JPY falls to two-week lows ahead of US consumer confidence data

US dollar slid to its lowest point in two weeks against the Japanese yen before the release of the University of Michigan consumer confidence report, which is expected to show the corresponding index fell to its lowest level since January in October. USD/JPY fell to a session low at 96.94 at 4:30 GMT, also the […] Read more

USD/CAD rises to two-week highs after US data points, Bank of Canada decision

US dollar rose to its highest point in two weeks against the Canadian counterpart on Thursday, following the release of the weekly report on initial jobless claims and the trade balance data out of the United States, while the Royal Bank of Canada stressed on the need for future raise in the interest rates, something […] Read more

USD/CHF plunges to over 2.5-year lows

US dollar fell to its lowest point in over 2.5 years against the Swiss franc on Thursday, as speculation that the Federal Reserve will put off plans to taper its monetary stimulus was still causing pressure on the greenback. USD/CHF plunged to a session low at 0.8903 at 10:15 GMT, also the pairs lowest point […] Read more