Articles by: Miroslav Marinoff

US dollar higher versus yen on Japanese tertiary industry data

USD/JPY rose on Monday following the release of Tertiary Industry Activity Index in Japan. The pair hit 94.97 during early European session, currently the session high, after which consolidated at 94.84. Last week USD/JPY registered a 3.8% weekly decrease, the largest decline since July 2009. Support was expected at April 4th low, 92.72, while resistance […] Read more

Canadian dollar fell after unexpected drop in Manufacturing Shipments

Canadian dollar declined versus its US counterpart on Friday after factory shipments unexpectedly fell at the fastest pace in more than three years in April, which could be treated as a sign of slow down in global demand for Canadian exports. The national currency of Canada trimmed a second weekly gain, as Manufacturing Shipments indicator […] Read more

EUR/USD slid after good US data

US dollar pushed higher against the euro on Friday, after positive signal was submitted from the United States, fueling expectations of a possible near-term exit of FEDs easing program. EUR/USD pair fell down to 1.3298 during European afternoon trade, after which consolidation followed at higher levels, 1.3305. Support was expected at June 11th low, 1.3233, […] Read more

Spain’s BBB credit rating affirmed by S&P

Ratings agency Standard & Poor’s affirmed the credit rating of Spain at BBB as a result of countrys commitment to implement comprehensive fiscal and structural reforms. The outlook on the long-term rating remains negative, which still shows the potential for a downgrade, in case political support on the reform agenda dwindles or the budget “significantly” […] Read more

Euro edged down against the US dollar, still close to 3.5-month high

On Friday the euro edged down versus the greenback, but remained on levels close to 3.5-month high in expectation of economic data from the Euro zone, scheduled to be released later in the day. EUR/USD pair fell to a session low at 1.3332 during the later phase of Asian trade, after which consolidation followed at […] Read more

USD/JPY slid lower on doubts, concerning Bank of Japan’s policy

On Friday US dollar kept its slide against the Japanese yen, as concerns among market participants towered whether Bank of Japan (BoJ) has been effective enough with its measures to revitalize domestic economy. During later Asian trade USD/JPY pair fell to a session low at 94.42, after which consolidation followed at 94.90. Support was expected […] Read more

Australian dollar lower against US peer after short-timed gains on Thursday

On Thursday Australian dollar managed to regain some ground versus its US counterpart, after which lowered again during the course of Fridays session. AUD/USD pair reached a session low at 0.9566 during the later hours of Asian trade, after which consolidation followed at 0.9590. Support was expected at June 9th low and almost 20-month low, […] Read more

US Business Inventories rose in line with projections, Import Prices continued to slip

Business Inventories in the United States registered a 0.3% increase during April to reach the seasonally adjusted 1.66 trillion USD. Preliminary estimates showed the exact figure. On the other hand, Retail Sales increased by a mere 0.1% during the same month. As a result, Inventories/Shipments ratio, which tracks the operational cycle of business, or how […] Read more

Swiss franc stable against the US dollar

On Thursday the Swiss franc traded steadily against the US dollar ahead of crucial US data, but gains were capped as uncertainty over the Federal Reserve Banks asset purchases grew, pressuring demand for the dollar. USD/CHF fell to 0.9129 during European morning trade, lowest value since February 7th, after which consolidation followed at 0.9210. Support […] Read more