Articles by: Miroslav Marinoff

USD/JPY crumbled after Bank of Japan decision

US dollar lost positions against the Japanese yen on Tuesday after Bank of Japan announced its decision earlier to introduce no change in its monetary policy. USD/JPY pair fell to 97.70 during the later hours of Asian trade, currently the session low, after which consolidation followed at 98.34. Support was expected at levels around 97.50, […] Read more

British pound with a slight change versus US dollar ahead of UK manufacturing data

On Tuesday the sterling was little changed against the US dollar before the release of Manufacturing Production report from United Kingdom. It is expected British manufacturing to have shrunk during April by 0.2%, after it expanded by 1.1% during the previous month, according to a Bloomberg News survey. Another report will show the industrial production […] Read more

AUD/USD continued the slide

Australian dollar continued its slide versus the US counterpart during Tuesday Asian session, as the bearish tendency was boosted by not so encouraging comments by Goldman Sachs. AUD/USD pair dropped to session low at 0.9380, after which consolidated at 0.9407, still down by 0.61% for the day. Support was expected at October 4th 2011 low, […] Read more

US dollar advanced further after US credit rating revision

On Monday US dollar extended gains against its major peers after ratings agency Standard & Poor’s revised the long-term outlook on credit rating of the United States from negative to stable. USD/JPY pair climbed to 99.13 during the early US trade, adding 1.66% for the day. Standard & Poor’s increased its outlook, regarding US economic […] Read more

Housing Starts in Canada took a significant jump in May

Canadian Housing Starts indicator climbed by 13.8% in May, reaching an annual value of 200 178 units. Aprils reading was revised up to 175 922 units, while experts projected a more moderate rise to 179 100 units. Housing Starts in cities increased by 14.6%, as multifamily house construction registered a 22.2% rise. Single-family house construction […] Read more

US dollar expanded further against the Japanese yen

On Monday US dollar continued its expansion against the yen even further, compared to Friday trade session, after the release of US Non-Farm sector Employment data. USD/JPY pair climbed to 98.78 during European morning trade, highest since last Thursday, after which consolidation followed at 98.65. Support was expected at 98.00, while resistance was to be […] Read more

Australian dollar collapsed to 20-month low against the US dollar after Chinese data

Economic data, released from China during the weekend put selling pressure upon the Australian dollar on Monday, as AUD/USD fell to fresh twenty-month low. The cross slid to 0.9392 during the later phase of Asian trade, lowest value since October 4th 2011, after which consolidation followed at 0.9420. The pair was down by 0.74% for […] Read more

Dollar index increased ahead of Bullard speech

On Monday the dollar index rose for a second day in a row ahead of Federal Reserve of St. Louis President James Bullard statement, expected later in the day. Speculations were fueled that FED will embark on a slow down of its easing program on signals that economy began to improve. US dollar advanced against the […] Read more

Francois Hollande: The Euro Zone Crisis Is Over

French President Francois Hollande said to an audience of business leaders organized by the Nikkei media group in Japan on Saturday, that Euro zone crisis was over. “We have used various measures to address weaker nations. Member nations have tried to restore fiscal health. We have also established a banking federation. Due to these efforts, yields in […] Read more

Canadian economy added the largest number of job positions since 2002

Canadian employers added the largest number of job posts since August 2002, nearly six times above projections, as half of them were in the sector of construction. The number of people employed rose by 95 000, far exceeding the expected 15 000. Unemployment rate in Canada fell to a three-month low in May at 7.1%, […] Read more