Articles by: Miroslav Marinoff

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

AUD/USD with daily gains after Chinese manufacturing PMI

Australian dollar gained positions against its US counterpart on Monday, after Chinas manufacturing PMI registered an expansion in activity. AUD/USD reached a session high at 0.9437 at 1:45 GMT, after which consolidation followed at 0.9432, gaining 0.38% for the day. Support was likely to be received at September 17th low, 0.9286, while resistance was to […] Read more

USD/CAD rose after Canadian CPI data

US dollar recorded gains against its Canadian counterpart on Friday, following the release of consumer price inflation report out of Canada to show that the CPI has slowed down in August. USD/CAD reached a session high at 1.0301 at 12:19 GMT, also the pairs highest point since September 18th, after which consolidation followed at 1.0289, […] Read more

US dollar higher versus Indian rupee following RBI rate decision

US dollar was trading higher against the Indian rupee during Fridays light trade, after Indian central bank unexpectedly raised its benchmark repurchase rate in attempt to curb inflation rate. USD/INR reached a session high at 62.995 at 9:00 GMT, after which consolidation followed at 62.505, still gaining 0.50% for the day. Support was expected at […] Read more

GBP/USD climbed higher following the upbeat UK data points

British pound edged higher against the US dollar on Friday, following upbeat public sector net borrowing data out of the United Kingdom. GBP/USD reached a session high at 1.6065 at 7:45 GMT, after which consolidation followed at 1.6054, gaining 0.13% for the day. Support was to be received at September 18th low, 1.5893, while resistance […] Read more

USD/JPY on lower levels following Kuroda statement

US dollar fell against the Japanese yen on Friday, following the statement by Bank of Japan Governor Haruhiko Kuroda, while the decision by Fed to leave stimulus unchanged continued to weigh on the greenback. USD/JPY slid to a session low at 99.16 at 4:30 GMT, after which consolidation followed at 99.28, still losing 0.18% for […] Read more

EUR/USD almost unchanged, close to seven-month highs

The euro was little changed against the US dollar during Fridays thin trade, trading in proximity to seven-month highs, as markets awaited the economic sentiment report out of the Euro zone later in the day, while Feds decision not to taper this month was still weighing on the greenback. EUR/USD touched a session high at […] Read more

AUD/USD on positive territory after Fed policy decision

Australian dollar was trading higher against its US counterpart on Friday, following the decision by the Federal Reserve Bank to leave monetary stimulus unchanged on Wednesday. AUD/USD reached a session high at 0.9457 at 6:09 GMT, after which consolidation followed at 0.9454, gaining 0.15% for the day. Support was likely to be received at September […] Read more