Articles by: Miroslav Marinoff

USD/CAD reduced earlier gains on upbeat Canadian retail sales

US dollar trimmed earlier gained positions and slid to session lows against its Canadian counterpart on Tuesday, following an official report to show retail sales in Canada rose significantly more than projected during May. USD/CAD registered a session low at 1.0297 at 12:36 GMT, after which the pair consolidated at 1.0308, still down by 0.27% […] Read more

USD/CHF close to session highs

Through the course of a subdued trade on Tuesday the US dollar moved higher against the Swiss franc, despite the weak housing data, released from the United States on Monday. USD/CHF pair reached a session high at 0.9399 at 9:45 GMT, after which consolidation followed at 0.9390. The cross was likely to receive support at […] Read more

GBP/USD on a session low after UK mortgage data

British pound came off earlier session highs against the US dollar to record a session low, after a report by British Bankers Association (BBA) showed less than expected loans for house purchase. GBP/USD took a drop from 1.5381, the session high, to a session low at 1.5339, recorded at 9:15 GMT, to trade at 1.5346 […] Read more

AUD/USD higher, greenback pressured after weak home sales

Australian dollar edged higher against its US counterpart on Tuesday, as the greenback was still experiencing pressure after the not so optimistic data, regarding existing home sales in the United States, released yesterday. AUD/USD reached a session high at 0.9284 at 2:10 GMT, the highest point since July 17th, after which consolidation followed at 0.9259, […] Read more

USD/JPY remained below the 100.00 level

US dollar continued to trade lower against the Japanese yen on Tuesday, after sliding to nearly one-week lows, as a result of the pressured demand for the greenback, following the disappointing existing home sales report, released yesterday. USD/JPY fell to a session low at 99.15 at 0:00 GMT, the lowest point since July 17th, after […] Read more

NZD/USD on one-month highs

During Tuesdays thin trade the New Zealand dollar rose to one-month highs against its US counterpart, as the greenback was still vulnerable, following the weak home sales data, that came out from the United States on Monday. NZD/USD rose to a session high at 0.8005 at 2:00 GMT, the highest point since June 19th, after […] Read more

EUR/USD advanced through the course of thin trade

The euro remained higher against the US dollar on Tuesday, while trade volumes were thin, and the greenback seemed vulnerable, especially after the disappointing home sales, released yesterday. EUR/USD reached a session high at 1.3206 at 2:40 GMT, after which consolidation followed at 1.3184. Support was expected at July 22nd low, 1.3133, while resistance was […] Read more

USD/CAD almost unchanged

US dollar showed slight movement against its Canadian peer on Monday due to thin foreign exchange market trade because of the summer holidays. USD/CAD slid to a session low at 1.0330 at 11:45 GMT, the lowest point since July 11th, after which consolidation followed at 1.0350. Support was expected at July 11th low, 1.0324, while […] Read more

EUR/USD with extended gains

The euro continued its advance against the US dollar on Monday after Portugal’s Prime Minister Pedro Coelho said he would stick to the bailout program for the country. EUR/USD hit a new session high at 1.3191 at 10:25 GMT, the highest point since July 11th, after which consolidation followed at 1.3168, still up by 0.18% […] Read more

USD/CHF on lower levels

US dollar showed a certain retreat against the Swiss franc through the course of a subdued trade on Monday, despite the continuing expectations, that the Federal Reserve Bank will soon begin tapering its Quantitative Easing, which gave support to the greenback. USD/CHF slid to a session low at 0.9371 at 9:42 GMT, the lowest point […] Read more