Articles by: Miroslav Marinoff

USD/JPY trades steadily after Chinese manufacturing PMI report

US dollar was trading steadily against the Japanese yen on Thursday, after a report said that Chinese manufacturing PMI climbed at the fastest pace in seven months in October, which dimmed demand for safe haven currencies, such as the yen. USD/JPY reached a session high at 97.61 at 5:50 GMT, after which consolidation followed at […] Read more

EUR/USD on new 23-month highs before PMI string of data

The euro soared to a new 23-month high against the US dollar on Thursday, as signs that US growth might have been shaved by the partial government shutdown, bolstered speculation that the Federal Reserve Bank may postpone the scaling back of its monetary stimulus until 2014. EUR/USD hit a session high at 1.3822 at 6:30 […] Read more

NZD/USD rises as NZ trade balance deficit shrinks

New Zealand dollar gained ground against its US counterpart on Thursday, as New Zealands trade deficit contracted more than projected in September, while the HSBC flash PMI for China rose to a seven-month high in October. NZD/USD climbed to a session high at 0.8446 at 2:15 GMT, after which consolidation followed at 0.8425, gaining 0.39% […] Read more

USD/CAD on one-week highs after Bank of Canada rate decision

US dollar climbed to its highest point in one week against the Canadian counterpart on Wednesday, following Royal Bank of Canadas interest rate decision, while speculation that global growth may slow in case Chinese central bank tightens monetary policy dampened demand for the loonie. USD/CAD rose to a session high at 1.0379 at 14:07 GMT, […] Read more

GBP/USD preserves losses following BoE minutes

British pound continued trading lower against the US dollar on Wednesday, as traders secured their profits after yesterdays rally, while the minutes of Bank of Englands (BoE) policy meeting in October said that unemployment rate in the United Kingdom was decreasing at a faster pace than anticipated. GBP/USD fell to a session low at 1.6137 […] Read more

AUD/USD off five-month highs on profit lock-in

Australian dollar came off its highest level in five months against the greenback on Wednesday, as market players locked in their profits after the disappointing US non-farm payrolls report. AUD/USD slid to a session low at 0.9632 at 5:25 GMT, after which consolidation followed at 0.9640, plunging 0.72% for the day. Support was likely to […] Read more

EUR/USD remains steady, close to 23-month highs

The euro was trading steadily and in proximity to highs unseen in 23 months against the US dollar on Wednesday, after a report showed that the US private sector has added fewer than projected jobs before the beginning of the 16-day partial government shutdown in the country. EUR/USD touched a session high at 1.3793 at […] Read more

USD/JPY falls on safe haven demand for the yen

US dollar was losing ground against the Japanese yen on Wednesday, after the weaker than expected data on US non-farm payrolls triggered safe haven demand for the Japanese currency. USD/JPY reached a session low at 97.27 at 4:30 GMT, also the pairs lowest point since October 6th, after which consolidation followed at 97.39, falling 0.77% […] Read more

EUR/USD rallies to 23-month highs as NFP misses forecasts

The euro soared to its highest level in 23 months against the US dollar on Tuesday, after a report showed that US private sector added fewer than anticipated jobs in September, fueling speculations that the Federal Reserve might be urged to postpone its stimulus scale back. EUR/USD rose sharply to a session high at 1.3748 […] Read more

USD/CAD falls to session lows after weaker than projected NFP

US dollar slid to a session low against its Canadian counterpart on Tuesday, as the US private sector added fewer than expected jobs in September, which boosted speculations that the Federal Reserve Bank will probably keep the current pace of its stimulus program. USD/CAD reached a session low at 1.0283 at 12:30 GMT, after which […] Read more