Articles by: Miroslav Marinoff

EUR/USD preserved gains as the US political deadlock continued to persist

The euro managed to preserve its daily gains against the US dollar on Monday, as political deadlock in the United States continued and the nation was nearing a potential default on its obligations. EUR/USD reached a session high at 1.3598 at 12:45 GMT, after which consolidation followed at 1.3593, gaining 0.39% for the day. Support […] Read more

USD/CHF lower as the US fiscal impasse still weighed

US dollar was losing ground also against the Swiss franc on Monday, as market focus was set on the continuing budget worries in the United States and the potential loss of authority for the country to pay its debt obligations, with all that weighing on the greenback. USD/CHF fell to a session low at 0.9093 […] Read more

NZD/USD on 2.5-week highs on US stalemate

New Zealand dollar climbed to its highest point in two and a half weeks against the US peer on Monday, as the greenback was pressured due to continuing budget deadlock in the United States. NZD/USD hit a session high at 0.8378 at 8:05 GMT, also the pairs highest point since September 23rd, after which consolidation […] Read more

EUR/USD with daily gains as US fiscal deadlock continued

The euro gained ground against the US dollar on Monday, as negotiations over the US debt limit between US President Barack Obama and House Republicans hit an impasse over the weekend. EUR/USD reached a session high at 1.3568 at 6:00 GMT, after which consolidation followed at 1.3566, rising 0.19% for the day. Support was likely […] Read more

AUD/USD retreated after Australian and Chinese data points

Australian dollar traded lower against its US peer on Monday, following a report on Australian home loans and a set of Chinese data points, released during the weekend. AUD/USD fell to a session low during the early phase of Asian trade, after which consolidation followed at 0.9460, losing 0.06% for the day. Support was likely […] Read more

Outlook for USD/JPY cross during the upcoming week

US dollar concluded the week ending on October 13th on higher levels against the Japanese yen amid prospects of an approaching aggrement on the US budget impasse before the deadline date, on which, according to the US Treasury, the nation will lose authority to pay its debt obligations. USD/JPY pair closed at 98.56 on trading […] Read more

US dollar traded steadily against peers during late US trade on Friday

US dollar traded with stability against the majority of its 16 main rivals during late US session on Friday, as US lawmakers were approaching an agreement regarding the budget crisis, which caused the partial government shutdown in the country on October 1st and shook financial markets. EUR/USD closed at 1.3540, gaining 0.14% for the day, […] Read more

USD/CAD on session lows after Canadian employment data

US dollar retreated to session lows against its Canadian peer on Friday, after an official report revealed that Canadian unemployment rate decreased in September, while the number of employed people was less in comparison with the preceding month, but still surpassed projections. USD/CAD slipped to a session low at 1.0377 at 12:30 GMT, after which […] Read more

NZD/USD strengthened before NZ inflation report

New Zealand dollar advanced against its US peer on Friday before a report next week, that may show inflation rate in New Zealand rose to the highest level in 1.5 years. NZD/USD rose to a session high at 0.8354 at 9:25 GMT, after which consolidation followed at 0.8342, climbing 0.71% for the day. Support was […] Read more

AUD/USD on three-week highs ahead of Chinese trade balance report

Australian dollar traded close to its highest point in three weeks against the US rival on Friday, before a report showed tomorrow that Chinese import probably grew, as China is Australias largest trade partner. AUD/USD touched a session high at 0.9484 at 3:35 GMT, also the pairs highest point since September 19th, after which consolidation […] Read more