Articles by: Miroslav Marinoff

Australian dollar at lowest level since 2011

Australian dollar slid to the lowest level since 2011, with Australias interest rate advantage began to vaporize and Aussie allure dimmed. Insight Investment Management Ltd., operating with 134 billion US dollars in fixed income and currencies, has been selling the Australian dollar, with the yield spread between Australias sovereign debt and its major peers on the […] Read more

Optimistic data from US – ISM Non-Manufacturing rose in May, alongside Factory Orders

The Institute for Supply Management reported that ISM Non-Manufacturing Composite indicator rose to 53.7 in May from 53.1 in April, but, however, stood below the registered value in March, 54.4. Experts had projected the index to show a reading of 53.5. Data implied that services sector in the United States managed to retain expansion. New orders […] Read more

Euro on lower levels versus US dollar, ADP Employment report in focus

The single currency lost ground against the US dollar during Wednesday trade, with market players focusing on crucial employment report by ADP, expected within the next 30 minutes. EUR/USD pair fell down to 1.3053 during late European session, lowest for today, after which consolidation followed at levels around 1.3070. The cross was likely to receive […] Read more

USD/CHF on higher levels, US data in focus

US dollar edged higher versus the Swiss franc on Wednesday, as investors were focusing on the series of vital economic indicators, expected to be released later today. USD/CHF pair went as high as 0.9496 during European trade, highest for the current session, after which consolidation followed at 0.9487. The cross was up by 0.18% for […] Read more

British pound on session high versus US dollar on strong CIPS data

On Wednesday British pound recorded a session high against the US dollar, as a report stated that services activity in United Kingdom rose at the fastest pace since March 2012 during May. GBP/USD reached 1.5374, currently session high, during morning European trade, after which consolidation followed at 1.5360. Support was expected at current session low, […] Read more

Services sector in Italy kept sliding in May, while data from Spain showed a slower contraction

Italys services sector registered a faster rate of shrinkage during May. According to reports by Markit/ADACI, the indicator, which tracks activity (orders and purchases) among managers of companies, operating in the sector of services unexpectedly declined to 46.5 in May from 47.0 in April. Experts predicted a rise to 47.5. Services PMI in Italy remained still […] Read more

Australian dollar lowered versus US counterpart on Australian GDP data

On Wednesday Australian dollar lost positions against its US counterpart, as slowing GDP in Australia brought back to life expectations that interest rate reduction by the Reserve Bank of Australia could be possible. During later hours of the Asian trade, AUD/USD pair reached 0.9556, session low and lowest since May 31st, after which consolidation followed […] Read more

New Zealand dollar slipped versus US counterpart, markets eyed US data

On Wednesday New Zealand dollar lowered in value versus its US counterpart, with market players laying eyes on crucial economic data, scheduled to be released later today. During late Asian trade NZD/USD pair slid to 0.7980, currently the session low, after which consolidation followed at 0.7995. Support was expected at June 3rd low, 0.7943, while […] Read more

Yen gained positions after Japanese shares could not find support by growth plan

Japanese yen increased against most of its major peers, as Japanese Prime Minister Shinzo Abes plan for economic growth was not supportive to Japanese shares. Topix index of stocks extended losses to more than 2% and this caused yen to rally against the US dollar and the euro. Meanwhile, US dollars gained positions from yesterday were […] Read more