Articles by: Miroslav Marinoff

Existing Home Sales in the United States outperformed estimates in May

US existing home sales rose by 4.2% during May, reaching annual number of 5.18 million and marking the highest value since November 2009. National Association of Realtors said that sales of existing homes jumped by 12.9% on annual basis in May, submitting a signal that recovery in the housing sector might continue. The average price […] Read more

US dollar trimmed gains versus peers after US jobless claims data

US dollar pulled away from highs against its major peers on Thursday after the official weekly report stated the number of people, who filed for unemployment assistance, jumped to a three-week high during the past week. During European afternoon trade EUR/USD pair increased to 1.3216 at 13:03 GMT, off current session low at 1.3179. USD/JPY […] Read more

USD/CHF climbed higher after FED, SNB left interest rates intact

US dollar kept its higher levels against the Swiss franc on Thursday, as the Swiss National Bank left interest rates on hold. USD/CHF pair hit a session high at 0.9359 at 9:48 GMT, which was also the highest value since June 10th, after which consolidation followed at 0.9337. The cross was up by 0.60% for […] Read more

British pound jumped off session lows against the US dollar on positive retail sales

British pound bounced off session lows versus the expanding US dollar on Thursday, as UK retail sales report stated stronger data in May than preliminary estimates. GBP/USD pair pulled away from 1.5413, currently the session low and lowest value since June 6th, and reached 1.5478 during the late morning phase of European trade. Support was […] Read more

USD/JPY gained over 1% after FED statement and Chinese PMI data

On Thursday US dollar extended gains versus the Japanese yen from yesterdays trade after FED Chairman Ben Bernanke statement on monetary policy. USD/JPY pair hit 97.97 during the early European trade, currently the session high and highest since June 11th, after which consolidation followed at 97.87. The cross was up by over 1% for the […] Read more

New Zealand dollar slid against US peer on disappointing GDP data

New Zealand dollar went to lower levels against its US counterpart on Thursday after the release of a disappointing report on NZ Gross Domestic Product. NZD/USD pair fell to 0.7844 during the early phase of European trade. Support level at June 18th low, 0.7949 was breached. Resistance was likely to be met at June 17th […] Read more

Aussie fell against the US dollar as stimulus program exit seen near

Australian dollar retreated against its US counterpart on Thursday after market players abandoned their concerns about the exit of FEDs stimulus. AUD/USD pair slid to 0.9250 during early European session. Support was expected in the range 0.9225-0.9245, while resistance was to be met at June 18th high, 0.9574. Federal Reserve Bank Chairman Ben Bernanke said […] Read more

USD/CAD in a tight-range trade

US dollar traded in a narrow range against its Canadian counterpart on Wednesday, as market players were positioning in expectation of the Federal Reserve’s policy meeting later in the day. USD/CAD pair fell to a session low at 1.0180 during the early phase of US trade, after which consolidation followed at 1.0197. Support was likely […] Read more

British pound jumped off session lows versus US dollar, sentiment dominated by FED

The sterling advanced against the US dollar on Wednesday, as investors focus was set on the most significant event for today, the outcome of Federal Reserve Banks monthly meeting. GBP/USD pulled back from session low at 1.5602 and reached 1.5670 during European afternoon trade. Support was expected at the current session low, while resistance was […] Read more