Articles by: Miroslav Marinoff

Greek economy submerged deeper alongside Cyprus

Greeces economy continued to shrink at a steeper than projected rate during the first quarter of the year. Final data showed that Greek GDP reduced its value by 5.6% during Q1 on annual basis, more than the predicted 5.3% drop. Final Consumer Spending decreased by 8.3%, while the accumulated capital declined by 11.4%. Countrys trade […] Read more

US dollar retreated versus the Japanese yen, US data on the horizon

On Friday US dollar lost ground against the Japanese yen, as US currency was pressured down in expectation of the employment report from the United States. Some experts projected that it will show a slow down in the number of jobs added, as such possible result could postpone expectations that the Federal Reserve Bank will […] Read more

British pound poised for the largest weekly gain in three years

On Friday British pound gained ground against the US dollar, as markets await the crucial report on Non-Farm Payrolls and Unemployment Rate from the United States. Some experts expressed opinions that the report will show US private sector added job posts at a slower pace than projected during May. GBP/USD pair reached 1.5620 during late […] Read more

EUR/USD higher and steady before US non-farm payrolls data

Euro continued its expansion against the US dollar on Friday, as markets focused on highly anticipated non-farm payrolls and unemployment indicators from the United States later in the day. EUR/USD pair hit 1.3269 during late Asian trade, currently session high, after which consolidation followed at 1.3250-1.3255. Support was expected at 1.3190-1.3210, while resistance was to […] Read more

Euro on a new session high versus US dollar after Draghi press conference

Euro reached a fresh new one-month high versus the US dollar on Thursday, as ECB kept the current course of monetary policy and after President Mario Draghis optimistic tone at the expected press conference today. EUR/USD hit 1.3175 during early American trade, currently the session high and highest since May 9th, after which consolidation followed […] Read more

US Initial Jobless Claims declined during last week

The number of American citizens, filed for unemployment assistance, decreased during the week until June 1st 2013, despite the fact that the more extended indicator showed US labour market advanced at a slower pace. Initial Jobless Claims in the United States decreased by 11 000 to seasonally adjusted 346 000 during last week, almost in […] Read more

Euro remained on high levels against the US dollar as ECB held current policy

Euro managed to preserve ground against the US dollar on Thursday, being close to session high after the European Central Bank (ECB) decided to leave its monetary policy without change at todays meeting. EUR/USD pair reached 1.3131 during late European trade, session high for the moment and highest since May 9th, after which consolidation followed […] Read more

British pound close to session high versus US dollar after BoE decision

British pound remained at levels close to one-month high versus the US dollar on Thursday after Bank of England made a decision to leave base interest rate and stimulus policy intact. GBP/USD reached 1.5467 during European afternoon trade, session high for today and highest since May 9th, after which consolidation followed at 1.5460. Support was […] Read more

British pound on one-month high versus US dollar

Pound rose to one-month high against the US dollar on Thursday after Wednesdays series of economic data from the United States implied that economic recovery was not strong enough. GBP/USD reached 1.5455 during early European trade, currently the session high and highest since May 10th, after which consolidation followed at 1.5444. The pair was up […] Read more