Articles by: Miroslav Marinoff

Canadian dollar rose for a third day against US peer ahead of FED minutes

Canadian dollar edged higher against its US counterpart on Wednesday, as market players awaited the release of FED minutes and the following statement by Chairman Ben Bernanke later in the trading day. USD/CAD fell to a session low at 1.0494 at 11:14 GMT, the lowest point since July 4th, after which consolidation followed at 1.0520. […] Read more

US dollar lower versus the Swiss franc in expectation of FED minutes

The US dollar traded lower against the Swiss franc on Wednesday, as market participants awaited the release of FED minutes, scheduled later in the day. USD/CHF fell to a session low at 0.9674 at 8:13 GMT, after which consolidation followed at 0.9695, down by 0.35% for the day. Support was likely to be received at […] Read more

AUD/USD higher, but gains seemed capped

Australian dollar advanced against its US counterpart on Wednesday, but upward movement seemed limited after the disappointing Chinese trade balance report. AUD/USD reached a session high at 0.9233 at 8:13 GMT, the highest point since July 2nd, after which consolidation followed at 0.9198, still up by 0.23% for the day. Support was expected at July […] Read more

British pound recovered from three-year lows against the US dollar

British pound regained positions against the US dollar on Wednesday, as speculation appeared that GBP/USD cross sell-off during the last few days was excessive, while markets awaited the minutes of the Federal Reserve Banks meeting on policy in June, scheduled for release later today. GBP/USD reached a session high at 1.4924 at 8:14 GMT, after […] Read more

Japanese yen advanced against US dollar on Chinese trade balance data

Japanese yen climbed to three-day highs against the US dollar on Wednesday, following the disappointing trade balance report from China, which boosted safe haven demand for the Japanese currency. USD/JPY fell down to a session low at 100.05 at 8:07 GMT, the lowest point since July 5th. Support was expected at July 5th low, 99.88, […] Read more

NZD/USD off session lows

New Zealand dollar managed to distance from session lows against its US peer during Wednesdays early trade, following the release of disappointing data, regarding trade balance in China, while market players began focusing on the FED minutes, expected later in the day. NZD/USD pair registered a session low at 0.7823 at 2:40 GMT, after which […] Read more

EUR/USD close to three-month lows

After falling to three-month lows against the US dollar on July 9th, on July 10th the euro pulled back from those levels, but was still put under pressure, following the statement of a senior ECB official on Tuesday, regarding the banks monetary policy. EUR/USD slid to a session low at 1.2769 at 2:00 GMT, after […] Read more

USD/CAD close to session lows

US dollar lowered against its Canadian counterpart on Tuesday, following the optimistic data, regarding Canadian housing sector, but still expectations of FED taking action continued supporting greenbacks demand. USD/CAD fell to a session low at 1.0512 at 13:14 GMT, the lowest point since July 5th, after which consolidation followed at 1.0520. Support was likely to […] Read more

GBP/USD tumbled on disappointing manufacturing data

British pound lost positions sharply against the US dollar on Tuesday, following the official report, regarding manufacturing production, which stated the largest drop in four months in May. GBP/USD tumbled to a session low at 1.4831 at 10:39 GMT, after which consolidation followed at 1.4860. Support was expected at July 8th low and a four-month […] Read more

USD/CHF close to 1.5-month highs after disappointing Swiss retail sales

US dollar advanced against the Swiss franc on Tuesday, following the unexpected slow down in retail sales in Switzerland in May, while expectations of FED to begin tapering its Quantitative Easing by the end of this year still weighed on sentiment. USD/CHF hit a session high and highest point since May 29th at 0.9679 at […] Read more