Articles by: Miroslav Marinoff

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

USD/CAD distanced from three-month lows after US data

US dollar managed to rebound from its lowest point in three months against the Canadian currency on Thursday, after the release of upbeat existing home sales and Philadelphia Fed index of manufacturing out of the United States. USD/CAD distanced from a session low at 1.0181, recorded at 9:20 GMT, also the pairs lowest point since […] Read more

EUR/USD pared earlier gains after US data points

The euro pared earlier gains against the US dollar, following the release of US data string to show the number of initial jobless claims rose less than projected, while the deficit on US current account contracted. Having reached a fresh session high and also highest point since February 7th at 1.3568 at 8:33 GMT, EUR/USD […] Read more

USD/CHF down to seven-month lows as SNB left policy unchanged

US dollar slid to its lowest point in seven months against the Swiss franc on Thursday, as the Swiss National Bank (SNB) reached a decision to leave its monetary policy without change. USD/CHF fell to a session low at 0.9091 at 8:33 GMT, also the pairs lowest point since February 7th, after which consolidation followed […] Read more

USD/JPY soared as safe haven demand was dampened

US dollar was trading on higher levels against the Japanese yen on Thursday, as the Federal Reserve Bank’s unexpected decision to keep its monetary policy intact dampened demand for safe haven currencies, such as the yen. USD/JPY jumped to a session high at 98.84 at 7:45 GMT, gaining 0.91% on a daily basis. Support was […] Read more

EUR/USD on highs unseen in seven months after Federal Reserve Bank’s policy decision

The euro reached its highest point in seven months against the US dollar on Thursday, after on Wednesday the Federal Reserve did not introduce any reduction of scale of its monthly asset purchases at its two-day policy meeting. EUR/USD hit a session high at 1.3540 at 6:31 GMT, also the pairs highest point since February […] Read more

NZD/USD kept gains after NZ GDP report, Fed decision

New Zealand dollar was maintaining gains against its US peer on Thursday, following the release of better than forecast Gross Domestic Product data out of New Zealand. NZD/USD reached a session high at 0.8410 at 1:50 GMT, after which consolidation followed at 0.8401, gaining 0.35% for the day. Support was likely to be received at […] Read more

USD/CAD edged higher before Fed

US dollar edged higher against its Canadian counterpart on Wednesday, before the Federal Reserve makes a decision whether to reduce its monetary stimulus, which has increased demand for high-risk assets. USD/CAD touched a session high at 1.0313 at 13:01 GMT. Support was likely to be found at September 16th low, 1.0283, while resistance was to […] Read more

USD/CHF little changed, Fed decision in focus

US dollar was almost unchanged against the Swiss franc on trading Wednesday, as market players used caution making decisions how to position themselves ahead of the outcome of the FOMC meeting on policy. USD/CHF touched a session high at 0.9267 at 11:00 GMT, after which consolidation followed at 0.9260, ticking up a mere 0.01% for […] Read more

GBP/USD on eight-month highs after Bank of England minutes

British pound advanced to fresh eight-month highs against the greenback on trading Wednesday, as the minutes from Bank of Englands most recent meeting revealed an unanimous vote regarding the future policy course of the bank and a more optimistic UK growth outlook. GBP/USD reached a session high at 1.5969 at 9:00 GMT, the pairs highest […] Read more