Articles by: Miroslav Marinoff

Yen rose from two-week lows against the US dollar on lower shares and FED speculation

Japanese yen managed to pull back from almost two-week lows against the US dollar, after Asian shares declined for the second consecutive day on concerns that cash shrinkage in China could curb economic growth and therefore, boost safe haven demand for national currency. “The price action is fearful because of the potential for slowing Chinese […] Read more

New Zealand dollar unchanged versus US peer

New Zealand dollar remained almost without change against its US counterpart on Tuesday, as demand for the US dollar was still underpinned by ongoing expectations that US central bank will reduce scale of asset purchases by the end of 2013. NZD/USD fell to a session low at 0.7706 during the later phase of Asian trade, […] Read more

Euro on higher levels versus US dollar

The euro edged higher against the US dollar on Tuesday, as Federal Reserve Bank experts calmed down the widespread fears that the central bank will end its stimulus program. EUR/USD hit a session high at 1.3145 at 6:38 GMT. Support was expected at June 24th low, 1.3058, while resistance was to be encountered at 1.3175. […] Read more

Australian dollar fell against US peer in a record high-volatility trade

Australian dollar retreated against its US counterpart in a highly volatile trade, the highest for the past 1.5 years, as China’s central bank signaled it will keep efforts to curb credit growth. Chinese shares submerged deeper into a bear tendency. Additionally, Australian government bonds rebounded after Federal Reserve Bank of Dallas President Richard Fisher said […] Read more

Canadian dollar closer to two-year lows versus US peer

USD/CAD pair went above 1.05 and was on its way to reach the lowest value for almost 2 years on expectations that US dollar will gain more strength when the Federal Reserve exits its Quantitative Easing. The currency lost ground against the majority of its 16 most-traded peers as Fed Chairman Ben Bernanke said on […] Read more

USD/JPY off highs, but still supported by FED expectations

US dollar pulled back from session highs against the Japanese yen on Monday, but the greenback was still supported by expectations that the Federal Reserve will begin unwinding its easing program by this years end. USD/JPY came off nearly two-week highs during European late morning trade, at levels around 97.91-97.96, as previously the cross reached […] Read more

EUR/USD off session lows

Euro came off session lows against the US dollar on Monday during the European late morning trade. EUR/USD pair slid to a session low at 1.3088 at 8:33 GMT, after which pulled off and reached 1.3121 at 9:22 GMT. Support was expected at June 21st low, 1.3072, while resistance was to be met at June […] Read more

GBP/USD down to two-week lows on Monday

British pound fell on Monday for the second day in a row against the US dollar, reaching the lowest level in more than two weeks, as the Debt Management Office intended to sell UK government bonds with maturity in 2068 via banks this week. Pound lost ground for the first time in three days versus […] Read more

NZD/USD lower in calm trade, while Aussie slid to more than two-year lows against the US dollar

New Zealand dollar was pushed back to lower levels against the US peer on Monday, as the greenbacks demand was ongoing on expectations that the Federal Reserve Bank will reduce scale of its bond purchases by the end of this year. NZD/USD fell down to 0.7714 during late Asian trade, currently the session low, after […] Read more

US dollar managed to preserve higher levels against the euro

On Monday US dollar traded close to 2-week highs against the euro after the signal, submitted by FED last Wednesday, which shot the greenback sky-high against most of its major peers. EUR/USD pair slid to a session low at 1.3088 during the later phase of Asian trade, lowest value since June 6th, after which consolidation […] Read more