Articles by: Miroslav Marinoff

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

British pound stable close to 4-month high versus the US dollar

The sterling traded steadily near four-month high against the US dollar on Thursday, as uncertainty over the future of central bank stimulus programs caused greenbacks decline on a wide scale. GBP/USD hit 1.5703 during European morning trade, highest value since February 11th, after which consolidation followed at 1.5662. The pair was down by a mere […] Read more

US dollar crumbled to 2.5-month lows versus the Japanese yen

On Thursday the US dollar declined to two-and-a-half month low against the Japanese yen, as wide-spread risk aversion appeared and safe haven in yen was bolstered. Minutes ago, USD/JPY hit the session low at 93.77, the lowest value since April 4th, after which consolidation followed at 94.00. The cross was more than 2% down for […] Read more

Euro on four-month high against the US dollar

On Thursday the euro advanced to four-month highs versus the US dollar, as the greenbacks weakness against the Japanese yen caused dollars decline versus other major peers. EUR/USD hit a session high at 1.3391 during the later hours of Asian trade, highest value since February 20th, after which consolidation followed at 1.3355. Support was expected […] Read more

Aussie kept falling despite good employment data

On Thursday Australian dollar continued to carve its way down against the US dollar despite the decent employment data from Australia. AUD/USD pair fell to a session low at 0.9428 during Asian trade, after which consolidation followed at 0.9461. The cross was down by 0.25% for the day. Support was expected at Tuesdays low, 0.9326, […] Read more

NZD/USD lower after RBNZ decision

New Zealand dollar continued its slide against its US counterpart on Thursday after Reserve Bank of New Zealand introduced no change in the base interest rate. NZD/USD pair slid to a session low at 0.7894 during Asian trade, after which consolidation followed at 0.7910. Support was expected at June 10th low, 0.7836, while resistance was […] Read more

USD/CAD at one-month low

US dollar tumbled to one-month low against its Canadian counterpart on Wednesday, as market sentiment recovered. Today was the fifth day in a row of gains for the Canadian currency, the longest streak since April. On Tuesday USD/CAD pair was largely sold off after concerns about central banks plans for easing policy. USD/CAD fell to […] Read more