Articles by: Miroslav Marinoff

USD/CAD on session highs after strong ISM manufacturing data

US dollar rose to a session high against its Canadian peer on Tuesday, following the release of upbeat manufacturing data out of the United States. USD/CAD reached 1.0325 at 14:25 GMT, currently the highest point for Tuesday trade. Support was likely to be received at September 24th low, 1.0267, while resistance was to be met […] Read more

EUR/USD distanced from earlier highs after German unemployment report

The euro came off earlier highs against the US dollar on Tuesday, as German unemployment report disappointed market expectations and boosted concerns that economic activity might have reached its peak in the mid-summer period. Having touched a session high at 1.3587 at 6:50 GMT, EUR/USD cross fell to 1.3534 at 11:10 GMT. Support was likely […] Read more

USD/CHF on 19-month lows as partial US government shutdown was triggered

US dollar declined to its lowest point in 19 months against the Swiss franc on Tuesday, as the partial shutdown of the US government fueled concerns that the Federal Reserve Bank will continue the course of an eased monetary policy. USD/CHF tumbled to a session low at 0.8993 at 7:00 GMT, also the pairs lowest […] Read more

USD/JPY fell on US government shutdown

US dollar lost ground against the Japanese yen on Tuesday, after the US government embarked on a partial shutdown, as Congress did not reach an agreement on the next fiscal year budget. USD/JPY reached a session low at 97.82 at 7:15 GMT, after which consolidation followed at 97.93, falling 0.30% on a daily basis. Support […] Read more

EUR/USD close to eight-month highs as US government shutdown was triggered

The euro traded in proximity to its highest point in seven months against the US dollar on Tuesday, after the US government embarked on a partial shutdown, as Congress did not reach an agreement on the next fiscal period budget. EUR/USD reached a session high at 1.3586 at 6:54 GMT, after which consolidation followed at […] Read more

AUD/USD rose after Australian retail sales, RBA decision

Australian dollar received support against its US peer on Tuesday, following better-than-projected retail sales data out of Australia and as Reserve Bank of Australia (RBA) left its benchmark interest rate unchanged at its monthly meeting. AUD/NZD rose to a session high at 0.9400 at 5:31 GMT, after which consolidation followed at 0.9393, gaining 0.74%. Support […] Read more

EUR/USD steady after Plosser comments, Italian political uncertainty

The euro was trading steadily against the US dollar during the early phase of US trade session, after comments made by Fed President for Philadelphia, Charles Plosser and as political uncertainty in Italy could lead to a decrease in countrys credit rating by Fitch. EUR/USD touched a session high at 1.3555 at 13:00 GMT, after […] Read more

USD/CAD on session lows after upbeat Canadian GDP report

US dollar slid to its lowest point against the Canadian peer on Monday, following a report showed that Canadian Gross Domestic Product increased at the fastest monthly pace in two years. USD/CAD fell to a session low at 1.0280 at 12:26 GMT, after which consolidation followed at 1.0290, decreasing 0.14% for the day. Support was […] Read more

GBP/USD steady, close to nine-month highs

British pound was trading steadily and in proximity to the highest point in nine months against the US dollar on Monday, following the release of UK data points, while concerns over a possible US government shut down weighed on the greenback. GBP/USD reached a session high at 1.6180 at 0:30 GMT, the pairs highest point […] Read more

NZD/USD little changed

New Zealand dollar was almost unchanged against its US counterpart on Monday, despite the release of positive data regarding business confidence in New Zealand. NZD/USD touched a session high at 0.8286 at 3:50 GMT, after which consolidation followed at 0.8281, gaining a mere 0.01% for the day. Support was likely to be found at September […] Read more