Articles by: Miroslav Marinoff

AUD/USD cut gains ahead of Bernanke, RBA rate speculation

Australian dollar trimmed its gains against the US counterpart on Wednesday, as market participants remained wary ahead of congressional testimony by FED Chairman Ben Bernanke later today, while a speculation appeared that Reserve Bank of Australia may reduce interest rates to a record low at its meeting next month. AUD/USD slid to a session low […] Read more

EUR/USD steady ahead of Bernanke testimony

On Wednesday the euro traded steadily against the US dollar, as market players took positions in expectation of the congressional testimony by FED Chairman Ben Bernanke later in the day. EUR/USD bounced off session lows at 1.3130, recorded at 5:58 GMT, to reach 1.3140 at 6:28 GMT. Support was expected at July 16th low, 1.3049, […] Read more

USD/CAD off session lows after US consumer inflation data

US dollar managed to gain against its Canadian counterpart on Tuesday, following upbeat inflation data from the United States, but demand for the greenback was still pressured ahead of congressional testimony by FED Chairman Ben Bernanke. USD/CAD bounced off session lows at 1.0401, recorded at 12:25 GMT, to reach 1.0434. Support was likely to be […] Read more

USD/CHF lower before Bernanke testimony

US dollar traded lower against the Swiss franc on Tuesday, as the greenback was under pressure ahead of congressional testimony by Ben Bernanke on Wednesday. USD/CHF hit a session low at 0.9420 at 12:48 GMT, after which consolidation followed at 0.9431. Support was likely to be received at July 11th low, 0.9412, while resistance was […] Read more

EUR/USD with a sharp jump to session highs

The euro rose to session highs against the widely retreating US dollar on Tuesday, as market players awaited the testimony by Ben Bernanke in front of the Congress and following German Chancellor Angela Merkels comments earlier today. EUR/USD hit a session high at 1.3129 at 11:22 GMT, the highest point since July 11th, after which […] Read more

GBP/USD tumbled on UK consumer price index report

British pound slid against the US dollar on Tuesday, following the official consumer price index report from the United Kingdom, which showed consumer inflation rose less than expected during June. GBP/USD cross fell to a session low at 1.5044 at 8:45 GMT, after which consolidation followed at 1.5054. Support was expected at July 11th low, […] Read more

NZD/USD advanced, Bernanke testimony eyed

Alongside Australian dollar, the kiwi dollar was also on higher levels against the US dollar on Tuesday, because demand for the greenback was put under pressure ahead of Ben Bernankes testimony to Congress tomorrow. NZD/USD hit a session high at 0.7849 at 7:44 GMT, after which consolidation followed at 0.7831. Support was expected at July […] Read more

Aussie higher against the US dollar following Reserve Bank of Australia minutes

Australian dollar climbed for a second day in a row against the greenback on Tuesday, after the release of the minutes of the recent RBA meeting, while the US dollar was put under pressure ahead of Ben Bernankes testimony to Congress tomorrow. AUD/USD reached a session high at 0.9193 at 5:59 GMT, the highest point […] Read more

EUR/USD advanced, Bernanke testimony eyed

The euro pushed higher versus the US dollar on Tuesday, as market players began focusing on the testimony to Congress by Ben Bernanke on Wednesday. EUR/USD reached a session high at 1.3094 at 6:03 GMT, after which consolidation followed at 1.3080. Support was expected at July 12th low, 1.2998, while resistance was to be encountered […] Read more

USD/CAD trimmed earlier gains after disappointing US retail sales

US dollar reduced gains against its Canadian counterpart on Monday, following the retail sales report from the United States, which showed that the indicator rose less than projected, bringing to life fears that economy was losing its momentum. USD/CAD fell from a session high at 1.0434, the highest point since July 11th to reach 1.0402 […] Read more