Articles by: Miroslav Marinoff

USD/CHF close to session highs

The widely expanding US dollar traded close to session highs against the Swiss franc on Monday, as demand for the greenback was bolstered in expectation of Ben Bernankes statements later in the week. USD/CHF hit a session high and highest value since July 11th at 0.9533 at 11:51 GMT, after which consolidation followed at 0.9526. […] Read more

EUR/USD continued its slide

US dollar continued its advance against the euro and the other major currencies on Monday, as market players put their focus on the upcoming statement by FED Chairman Ben Bernanke for clues, regarding monetary policy and also in expectation of the US retail sales report later today. EUR/USD slid to a new session low at […] Read more

GBP/USD on lower levels, eyes on US retail sales

British pound slid to lower levels against the US dollar on Monday, as the greenback was supported by renewed expectations of US Federal Reserve Bank tapering its Quantitative Easing later in the year. GBP/USD fell to a session low at 1.5039 at 8:44 GMT, the lowest point since July 11th, after which consolidation followed at […] Read more

US dollar advanced against the yen after China’s GDP report

US dollar gained ground against the Japanese yen on Monday, following the release of Chinese GDP report, which said economy managed to grow in consonance with preliminary estimates during the second quarter of the year, chilling out fears over a possible slowdown in the second largest economy worldwide, which diminished safe haven demand for the […] Read more

NZD/USD also higher on Chinese GDP

New Zealand dollar climbed against its US counterpart on Monday, following the release of official report by the Chinese government, which showed that economy grew in line with expectations in the second quarter of the year. NZD/USD reached a session high at 0.7825 at 6:14 GMT, after which consolidation followed at 0.7807. The cross gained […] Read more

EUR/USD reacted with a little change to Chinese GDP data

Euro remained little changed against the US dollar on Monday, following the release of Chinese GDP report, which showed economy expanded in line with projections. EUR/USD registered a session low at 1.3045 at 6:52 GMT, after which consolidated at 1.3050. Support was likely to be found at July 12th low, 1.2998, while resistance was to […] Read more

Australian dollar higher versus US peer on Chinese GDP

Australian dollar gained against its US counterpart on Monday, following a government report, which showed that Chinese Gross Domestic Product rose in line with preliminary estimates by experts. AUD/USD pair increased to reach a session high at 0.9120 at 6:09 GMT, after which the cross consolidated at 0.9105, still up by 0.46% for the day. […] Read more

USD/CAD advanced, but gains seemed limited

US dollar traded on higher levels against its Canadian counterpart on Friday, but greenbacks demand still felt the weight of comments made by FED Chairman Ben Bernanke on Wednesday, thus advance pace was limited. USD/CAD hit a session high at 1.0402 at 14:11 GMT, after which consolidation followed at 1.0383. The cross was expected to […] Read more

EUR/USD remained lower following US producer prices data

Euro continued trading on lower levels against the US dollar on Friday, following the release of good data, regarding producer prices in the United States and in expectation of the consumer confidence report by University of Michigan. EUR/USD fell to a session low at 1.3019 at 13:00 GMT, after which consolidation followed at 1.3042. Support […] Read more

GBP/USD erased earlier gains, but support was still present

British pound erased its earlier gains against the US dollar on Friday, but remained still supported by comments made by Ben Bernanke on Wednesday, which weighed on the greenback. GBP/USD fell to a session low at 1.5116 at 9:37 GMT, after which consolidation followed at 1.5126, still down by 0.40% for the day. Support was […] Read more