Articles by: Miroslav Marinoff

EUR/USD trimmed earlier gains after US ISM Manufacturing data

The euro trimmed its earlier gains against the US dollar, after US ISM indicator showed increased activity in the sector of manufacturing in June. EUR/USD slid from a session high at 1.3060 to reach 1.3021 at 14:08 GMT. Currently it was trading at 1.3031, or gaining 0.11% for the day. The Institute for Supply Management […] Read more

US dollar lower against the euro

US dollar lowered in value against the common currency on Monday, despite the support it was receiving amid FED speculation. EUR/USD rose to a session high at 1.3060 at 9:55 GMT, after which consolidation followed at 1.3050. Earlier on Monday a report showed that Flash Harmonized Index of Consumer Prices (HICP) in the Euro zone […] Read more

Swiss franc unchanged against the US dollar after positive Swiss manufacturing PMI

The franc was almost without change versus the US dollar on Monday, following the release of optimistic Swiss PMI data and amid uncertainty about the future moves by the Federal Reserve Bank. USD/CHF hit a session high at 0.9460 at 7:08 GMT, after which consolidation followed at 0.9450. Support was expected at June 28th low, […] Read more

British pound on a session high versus US dollar on positive UK manufacturing data

Sterling jumped to session highs against the US dollar on Monday, following the positive set of economic data, which came out minutes ago from the United Kingdom. GBP/USD hit 1.5245 at 8:45 GMT, currently the session high, after which consolidation followed at 1.5238. The cross gained 0.17% for the day. Support was expected at current […] Read more

US dollar on a 3.5-week high versus the yen

US dollar climbed to 3.5-week highs against the Japanese yen on Monday, supported by expectations that FED will take action, regarding its Quantitative Easing. USD/JPY hit a session high at 99.72 at 7:32 GMT, pairs highest point since June 5th, after which consolidation followed at 99.58. The cross added 0.37% for the day. Support was […] Read more

New Zealand dollar with limited gains against US peer

New Zealand dollar traded higher against its US counterpart on Monday, but it was put under pressure following the release of mixed Chinese PMI data and the ongoing expectation, that the Federal Reserve will start to unwind its monthly bond purchases by the end of this year. NZD/USD pair reached a session high at 0.7785 […] Read more

Euro on higher levels against the US dollar

Euro moved higher against the US dollar on Monday, but gains seemed capped on expectations that FED will start to unwind monthly asset purchases and also on Chinese PMI data. EUR/USD pair hit a session high at 1.3035 at 6:24 GMT, after which consolidation followed at 1.3030. The cross was up by 0.16% for the […] Read more

Australian dollar higher versus US peer on China PMI

Australian dollar recorded gains against its US counterpart on Monday, following the release of Chinese PMI for June. AUD/USD rose to 0.9200 at 6:19 GMT, after dipping to 0.9112 on Friday, the lowest point since September 8th 2010. Support was expected at June 28th low, 0.9112, while resistance was to be encountered at June 23rd […] Read more

US dollar expanded against peers on US business activity and consumer confidence data

US dollar gained sharply against its major peers, following the positive economic data from the United States. USD/CAD advanced to a new session high at 1.0528 at 13:58 GMT. At 14:05 GMT it was trading at 1.0516. EUR/USD cross took a gradual slide from a session high at 1.3102 at 12:50 GMT to 1.3030 at […] Read more

USD/CAD off session highs on Canadian data

Canadian dollar managed to advance against its US counterpart on Friday after the release of fairly positive economic data from Canada, while sentiment was still under the influence of FED stimulus speculation. USD/CAD fell off a session high at 1.0499 at 12:28 GMT to 1.0474 at 12:34. Support was expected in the range 1.0445-1.0465, while […] Read more