Articles by: Miroslav Marinoff

New Zealand dollar higher against US counterpart, ignoring weaker surplus

On Thursday New Zealand dollar was on higher levels against its US peer during the later phase of Asian trade, despite smaller than expected amount of the recorded trade surplus in New Zealand. NZD/USD traded as high as 0.7826, up 0.43% for the day. Support was expected at June 24th low, 0.7684, while resistance was […] Read more

USD/CAD slipped to session low after US GDP

US dollar slipped to session low against its Canadian counterpart on Wednesday after revised data showed that US GDP slowed down during Q1. USD/CAD tumbled to 1.0456 at 12:33 GMT, after which consolidation followed at 1.0464. The cross was down by 0.46% for the day. Support was likely to be received at June 21st low, […] Read more

US dollar on a session low against the yen on US Q1 GDP data

US dollar hit a new session low against the Japanese yen on Wednesday after the release of disappointing Q1 GDP data from the United States. USD/JPY crumbled to 97.34 at 12:36 GMT, after which consolidated at 97.50. The cross was losing 0.37% for the day. Earlier on Wednesday the Commerce Department of the United States […] Read more

US dollar advanced to higher levels versus the Swiss franc ahead of US GDP

US dollar edged higher against the Swiss franc on Wednesday ahead of US Gross Domestic Product data, as fears of near-term stimulus reduction by FED supported the greenback. USD/CHF hit a session high at 0.9407 at 9:46 GMT, as the pair added 0.25% for the day. Support was expected at June 25th low, 0.9320, while […] Read more

British pound retreated against strong US dollar

On Wednesday the sterling tumbled against the US dollar, as strong support was provided for the greenback after a series of economic data from the United States gave a breath of optimism for economy. GBP/USD took a gradual slide to hit a session low at 1.5367 at 8:55 GMT. The cross erased 0.36% for the […] Read more

Japanese yen boosted on decline of Chinese shares for sixth day

The yen strengthened against most of its major peers on Wednesday, as safe haven demand was bolstered on Chinese shares decline for the sixth day in a row. Japanese currencys rally came along with the slide of the Shanghai Composite Index (SHCOMP), which lost 1.9% of its value. “Everybody was looking for a positive start […] Read more

New Zealand dollar advanced against US peer with a limited pace

New Zealand dollar gained against its US counterpart on Wednesday, but upward movement was expected to be limited amid prospects that the Federal Reserve Bank will keep Quantitative Easing. NZD/USD hit 0.7780 at 7:34 GMT, currently the session high. The pair added 0.46% for the day. Support was expected at June 24th low, 0.7684, while […] Read more

Aussie rose versus US peer, gains seemed capped

Australian dollar was on higher levels against its US counterpart on Wednesday, but gains were capped as support for the US dollar was strong after the positive US data on Tuesday. AUD/USD reached 0.9282 at 7:02 GMT, currently the session high. The cross was up by 0.23% for the day. Support was likely to be […] Read more

Euro near three-week low against the US dollar

EUR/USD was trading close to almost three-week lows on Wednesday, as the greenback continued its expansion after Tuesdays strong series of data from the United States. EUR/USD fell to a session low at 1.3056 during the later phase of Asian trade, the lowest point since June 5th, after which consolidation followed at 1.3066. Support was […] Read more

US New Home Sales rose in May, beating expectations

New Home Sales in the United States registered their highest level in May for the past five years, giving indications that housing industry would be one of the driving forces of the economy. Sales climbed by 2.1% in May, reaching the annual 0.476 million units, the highest number since July 2008 and outstripping experts projections […] Read more