Articles by: Miroslav Marinoff

USD/CHF up in expectation of central banks decision

US dollar traded higher against the Swiss franc on Thursday, as demand for the greenback was supported in expectation of a short-term exit to FEDs Quantitative Easing. USD/CHF cross hit a session high at 0.9499 at 7:41 GMT, after which consolidation followed at 0.9481. Support was expected to be found at June 28th low, 0.9412, […] Read more

Pound lower against the US dollar ahead of BoE decision on monetary policy

British pound traded at lower levels against the US dollar on Thursday ahead of statements by the Bank of England and the European Central Bank, regarding the course of their monetary policies. GBP/USD hit a session low at 1.5236 at 7:01 GMT, after which consolidation followed at 1.5250. Support for the pair was expected at […] Read more

New Zealand dollar in stable trade against US peer

New Zealand dollar traded steadily against its US counterpart on Thursday through the course of a light-volume trade, as main influence was caused by expectations for the Federal Reserve Bank to take action and scale back its Quantitative Easing soon. NZD/USD pair reached a session high at 0.7806 at 3:05 GMT, highest point since July […] Read more

Aussie climbed against US dollar despite disappointing building approvals data

Australian dollar traded at lower levels against the US peer on Thursday, following the release of weaker than expected data from Australia, regarding building approvals. AUD/USD pair reached a session high at 0.9133 in the later phase of Asian trade, after which consolidation followed at 0.9111. Support was expected at July 3rd low and almost […] Read more

Euro lower against the US dollar ahead of ECB decision

The euro traded lower against the US dollar on Thursday in expectation of European Central Banks monthly meeting later today and as a result of political crisis in Portugal, which was still causing influence on the pair. EUR/USD slid to a session low at 1.2987 at 4:15 GMT, after which consolidation followed at 1.2994. Support […] Read more

USD/CAD pair on session highs after US and Canadian data

US dollar advanced to session highs against its Canadian counterpart on Wednesday after strong US employment data and trade balance results from the United States and Canada. USD/CAD cross reached a session high at 1.0567 at 13:23 GMT, after which consolidation followed at 1.0555. The pair was up by 0.11% for the day. Support was […] Read more

EUR/USD off session lows on retail sales data

The euro pulled back from session lows against the US dollar, following the release of Retail Sales report in the Euro zone. EUR/USD cross jumped off current session low at 1.2923 to reach 1.2964 at 9:05 GMT. Currently the pair was trading at 1.2952, down by 0.21% for the day. Earlier today it was reported, […] Read more

British pound jumped to session highs versus US dollar on upbeat Services CIPS

British pound registered a sharp advance against the US dollar on Wednesday, following the release of stronger than expected data, regarding activity in the UK sector of services in June. GBP/USD pair hit a session high at 1.5246 at 9:03 GMT. Consolidation followed at 1.5229. Support was expected at current session low, 1.5128, while resistance […] Read more

USD/JPY at five-week highs

US dollar reached five-week highs against the Japanese yen on Wednesday, supported by expectations, regarding FEDs easing policy future. USD/JPY cross hit a session high at 100.82 at 6:29 GMT and highest point since May 31st, after which consolidation followed at 100.75. Support was likely to be found at July 2nd low, 99.50, while resistance […] Read more