Articles by: Miroslav Marinoff

GBP/USD fell to session lows

The sterling retreated against the US dollar on Tuesday, reaching its lowest point today, as sentiment was dominated by continuing uncertainty over the course of Federal Reserves monetary policy. GBP/USD fell to a session low at 1.5954 at 12:19 GMT, after which consolidation followed at 1.5967, still losing 0.48% for the day. Support for the […] Read more

EUR/USD trimmed gains after German business climate did not meet expectations

The euro pared earlier gains against the US dollar, following the release of weaker-than-projected business climate index for Germany. EUR/USD fell from a session high, registered at 1.3518 at 7:56 GMT, to erase 0.2% today, reaching 1.3493. Support was expected at September 23rd low, 1.3478, while resistance was to be met at September 23rd high, […] Read more

NZD/USD fell due to a drop in Asian equities

New Zealand’s dollar retreated against its US counterpart on Tuesday, heading for the biggest drop this month, after hitting the highest level in four months last week, because the drop in Asian shares triggered risk aversion. NZD/USD fell to a session low at 0.8303 at 8:01 GMT, the pairs lowest point since September 18th. Support […] Read more

EUR/USD slightly higher before German IFO business climate

The euro edged higher against the US dollar on Tuesday, but upward movement seemed limited, following the speech by ECB President Mario Draghi yesterday and in expectation of the crucial German business climate indicators, scheduled for release later in the day. EUR/USD reached a session high at 1.3514 at 7:14 GMT, after which consolidation followed […] Read more

The Aussie slipped lower against the US dollar

Australian dollar lost ground against its US peer on Tuesday, due to the sharp retreat of the Asian stocks overnight, which reduced the appetite for risk. AUD/USD slid to a session low at 0.9404 at 5:33 GMT, after which consolidation followed at 0.9419, falling 0.15% for the day. Support was likely to be found at […] Read more

USD/CAD slipped to lower levels ahead of Canadian retail sales

US dollar slipped lower against the Canadian peer for the first time in three days on Monday before the official retail sales report out of Canada, scheduled for release on Tuesday. USD/CAD reached a session low at 1.0276 at 13:10 GMT, after which consolidation followed at 1.0283, down by 0.23% for the day. Support was […] Read more

GBP/USD gained on optimism over UK growth

British pound recorded gains against the US dollar for the first time in three days ahead of the reports on consumer confidence, house prices and growth out of the United Kingdom later this week. GBP/USD hit a session high at 1.6054 at 8:10 GMT, after which consolidation followed at 1.6045, gaining 0.26% for the day. […] Read more

EUR/USD on session lows after series of PMI indicators out of the Euro bloc

The euro slipped to session lows against the US dollar on Monday, after the release of mixed PMI data out of France, Germany and the Euro zone as a whole. EUR/USD fell to 1.3509 at 7:45 GMT, currently the lowest point for todays trade, after which consolidation followed at 1.3516, down by 0.05% for the […] Read more

NZD/USD higher and close to highest levels in four months

New Zealand dollar was trading on higher levels and also in proximity to four-month highs against its US peer on Monday, supported by the upbeat manufacturing data out of China. NZD/USD reached a session high at 0.8384 at 7:10 GMT, after which the pair consolidated at 0.8376, gaining 0.17% for the day. Support was likely […] Read more

EUR/USD close to seven-month highs after election results in Germany

The euro neared its highest point in seven months against the US dollar on Monday, after Angela Merkel won an overwhelming endorsement from voters in Germany on Sunday. EUR/USD hit a session high at 1.3544 at 6:00 GMT, after which consolidation followed at 1.3540, gaining 0.13% for the day. Support was to be found at […] Read more