Articles by: Miroslav Marinoff

USD/JPY slightly higher before Fed

US dollar traded slightly higher against the Japanese yen on Tuesday, as investors were predominantly cautious ahead of the outcome of Federal Reserve Banks two-day monetary policy meeting, starting today. USD/JPY reached a session high at 99.36 at 3:00 GMT, the pairs highest point since September 13th, after which consolidation followed at 99.23, gaining 0.14% […] Read more

EUR/USD almost unchanged ahead of Fed meeting

The euro was little changed against the US dollar on Tuesday, as market players were eyeing the outcome of Federal Reserve Banks two-day meeting on policy, starting today. EUR/USD reached a session high at 1.3348 at 6:30 GMT, after which consolidation followed at 1.3344. Support was likely to be received at psychological level of 1.3300, […] Read more

AUD/USD erased earlier losses following RBA minutes

Australian dollar managed to erase earlier losses against the greenback on Tuesday, after the release of Australian data and the minutes from Reserve Bank of Australias most recent meeting on policy. AUD/USD fell to a session low at 0.9284 at 1:50 GMT, after which consolidation followed at 0.9316, down by 0.04% for the day. Support […] Read more

USD/CAD on five-week lows after US data

US dollar retreated to the lowest point against its Canadian counterpart on Monday, after the release of weak manufacturing data out of the United States. USD/CAD slid to a session low at 1.0281 at 7:00 GMT, the pairs lowest point since August 12th, after which consolidation followed at 1.0300, falling 0.54% for the day. Support […] Read more

EUR/USD pared gains after Euro zone data points

The euro trimmed earlier gains, but remained on positive territory against the US dollar, following the release of the harmonized index of consumer prices out of the Euro zone. EUR/USD slipped to a session low at 1.3341 at 9:10 GMT, after which consolidation followed at 1.3350, still up by 0.34% for the day. Support was […] Read more

GBP/USD rose to eight-month highs on Summers decision

British pound jumped to the highest point in eight months against the US dollar on Monday, as Lawrence Summers withdrew from the contest to govern the Federal Reserve Bank, while he would put bank’s policy course of holding down borrowing costs to a halt, which bolstered wide risk rally. GBP/USD soared to a session high […] Read more

NZD/USD advanced to four-month highs

New Zealand dollar climbed to its highest point in four weeks against the US peer on Monday, as the greenback was still pressured after Lawrence Summers decision to withdraw from the contest for the Federal Reserve Chairman position and amid expectations of the two-day meeting on policy by the central bank. NZD/USD soared to a […] Read more

EUR/USD remained higher after Summers decision to leave contest for Fed

The euro preserved gains against the US dollar on Monday, as Lawrence Summers left the contest for the Federal Reserve Chairman post, which dampened expectations of a possible early halt to expansionary monetary policy. EUR/USD hit a session high at 1.3381 during the early phase of Asian trade, also the pairs highest point since August […] Read more

USD/JPY losing ground as Lawrence Summers withdrew from Federal Reserve race

US dollar was losing ground against the Japanese yen on Monday, as tapering fears were raised amid the exit of former Treasury Secretary Lawrence Summers from the race to govern the Federal Reserve Bank and after US President Barack Obama said in a statement that he accepted this withdrawal. USD/JPY fell to a session low […] Read more

USD/CAD slightly higher after mixed US data

US dollar was slightly higher against its Canadian peer on Friday, following the release of a series of mixed economic data out of the United States. USD/CAD bounced off its lowest point today at 1.0325, recorded at 12:40 GMT, after which consolidation followed at 1.0336, gaining 0.11% on a daily basis. Support was likely to […] Read more