Articles by: Miroslav Marinoff

US dollar advanced versus the yen

On Tuesday US dollar was firmer and advanced against the yen, as markets eyed the possible outcome of Federal Reserve Banks meeting on policy, scheduled on Wednesday. USD/JPY pair reached 95.12 during early European session, after which consolidation followed at 95.01. Support was expected at Mondays low, 94.09, while resistance was to be met at […] Read more

Euro slightly lower against the US dollar on Draghi comments and FED’s Wednesday meeting

The euro retreated versus the US dollar on Tuesday after ECBs Mario Draghi statement and as market players awaited the outcome of FEDs meeting on monetary policy on Wednesday. EUR/USD pair fell to 1.3329 at 6:28 GMT, currently the session low, after which consolidation followed at 1.3338. Support was expected at June 13th low, 1.3277, […] Read more

AUD/USD on lower levels after Reserve Bank of Australia minutes

On Tuesday Australian dollar lost ground against its US counterpart after Reserve Bank of Australia most recent meeting. AUD/CAD pair fell to 0.9499 during late Asian trade, currently the session low, after which consolidation followed at 0.9513. Support was likely at June 13th low, 0.9430, while resistance was to be met at June 4th high, […] Read more

USD/CAD lower in calm trade

On Monday US dollar lowered against its Canadian counterpart in steady trade, as investors began to focus on FEDs monetary policy meeting, scheduled on Wednesday. USD/CAD fell to a session low at 1.0148 during early US trade, after which consolidation followed at 1.0167. Support was likely at Fridays low and five-week low, 1.0135, while resistance […] Read more

British pound close to four-month highs against the US dollar

The sterling traded close to four-month highs versus the US dollar on Monday, as market players awaited FEDs meeting on Wednesday for clues on monetary policy. GBP/USD hit 1.5750 during European afternoon trade, currently the session high and highest since last Thursday, after which the pair consolidated at 1.5723, retreating by 0.13% for the day. […] Read more

EUR/USD traded steady later on Monday

The euro showed little changes against the US dollar on Monday, with market players focusing on Wednesdays policy meeting by the Federal Reserve Bank. EUR/USD pair hit 1.3358 during European afternoon trade, currently the session high, after which consolidation followed at 1.3343. Support was likely to be received at June 13th low, 1.3277, while resistance […] Read more

US dollar higher against the Swiss franc ahead of Federal Reserve policy meeting

US dollar edged higher versus the Swiss franc on Monday, with market participants positioning their focus on the anticipated Federal Reserve Banks monetary policy meeting on Wednesday. USD/CHF pair hit 0.9251 during early European trade, currently the session high, after which consolidation followed at 0.9230. The cross was up by 0.24% for the day. Support […] Read more

New Zealand dollar higher on NZ consumer confidence data

The New Zealand dollar increased against its US counterpart on Monday, after optimistic New Zealand data. Investors, however, remained wary ahead of Federal Reserve Banks Wednesday policy meeting. NZD/USD pair hit 0.8102 during late Asian trade, currently the session high, after which consolidation followed at 0.8089. The cross added 0.60% for the day. Support was […] Read more

British pound almost unchanged versus the US dollar on UK house price data

British pound was little changed against the US dollar on Monday, after Rightmove House Price data was released, stating the sixth consecutive monthly jump in house prices in UK. GBP/USD pair traded at 1.5699 as of 7:01 GMT. The cross climbed to 1.5738 on June 13, the highest value since February 11th. Meanwhile, EUR/GBP was […] Read more

Euro slipped versus the US dollar, losses seemed limited

The euro retreated against the US dollar on Monday, with losses limited in expectation of FEDs policy meeting on Wednesday. EUR/USD fell to a session low at 1.3318 during the later phase of the Asian trade, after which consolidation followed at 1.3328. The pair slipped by a mere 0.09% for the day. Support was expected […] Read more