Articles by: Miroslav Marinoff

EUR/USD on fresh eight-month highs on ISM non-manufacturing report

The euro advanced to a new eight-month high against the US dollar on trading Thursday, as the report on activity in the US non-manufacturing sector introduced disappointment. EUR/USD climbed to a new session high at 1.3626 at 14:04 GMT, the pairs highest point since February 4th, after which consolidation followed at 1.3613, gaining 0.25% for […] Read more

USD/CAD slightly lower after US initial jobless claims

US dollar was slightly losing ground against its Canadian counterpart on Thursday, despite that the number of initial jobless claims in the United States increased less than expected last week, but the political deadlock in the country was still pressuring the greenback. USD/CAD came off a session high at 1.0338, recorded at 11:01 GMT, to […] Read more

GBP/USD almost unchanged, trading close to nine-month highs after UK services data

The pound traded with stability against the US dollar on Thursday, trading in proximity to nine-month highs, following the release of a report to show that activity in the sector of services in the United Kingdom decreased at a lesser rate than projected in September. GBP/USD slipped to a session low at 1.6191 at 7:53 […] Read more

EUR/USD preserved gains, trading close to eight-month highs

The euro traded in proximity to its highest point in eight months against the US dollar on Thursday, due to developments regarding political situation in Italy and as US government shutdown continued, raising concerns that it could lead to economic growth slow down and urge the Federal Reserve Bank to maintain the pace of its […] Read more

AUD/USD higher after Chinese non-manufacturing PMI data

Australian dollar was on frail positive territory against its US peer on Thursday, following the release of non-manufacturing activity report out of China. AUD/USD rose to a session high at 0.9402 at 2:00 GMT, after which consolidation followed at 0.9391, gaining 0.04% for the day. Support was likely to be received at September 30th low, […] Read more

EUR/USD on fresh eight-month highs after Draghi comments, ECB rate decision, ADP report

The euro gained ground sharply against the US dollar on Wednesday, after Italian premier Enrico Letta survived the vote of confidence, European Central Bank maintained its benchmark rate at its policy meeting, while additional support for the common currency came after comments made by the ECB President Mario Draghi. The greenback, on the other hand, […] Read more

USD/JPY on fresh five-week lows after ADP employment report

US dollar plunged to the lowest point in five weeks against the Japanese yen on Wednesday, after a report by ADP showed that US private sector added fewer than projected job positions in September, as this raised concerns over the pace of economic recovery. USD/JPY slid to a session low at 97.22 at 12:26 GMT, […] Read more

GBP/USD little changed after UK construction PMI missed forecasts

British pound traded steadily in proximity to nine-month highs against the US dollar on Wednesday, following the release of construction PMI data out of the United Kingdom, which showed a certain slow down in activity. GBP/USD reached a session high at 1.6215 at 8:59 GMT, after which consolidation followed at 1.6201. Support was to be […] Read more

NZD/USD plunged as risk aversion was triggered

New Zealand dollar lost ground sharply against the greenback on Wednesday, reaching the lowest point in two-weeks, as risk appetite was dampened because of the uncertain effect upon global economy by the US government shutdown. NZD/USD fell to a session low at 0.8194 at 2:30 GMT, also the pairs lowest point since September 17th, after […] Read more

EUR/USD slightly changed, off eight-month highs

The euro traded steadily against the US dollar on Wednesday, as US budget concerns continued, but the greenback seemed to be still supported after the strong manufacturing data, released by the ISM yesterday. EUR/USD fell to a session low at 1.3507 at 1:50 GMT, after which consolidation followed at 1.3520, decreasing 0.04% for the day. […] Read more