Articles by: Miroslav Marinoff

Canadian dollar advanced against US counterpart on positive GDP data

During European afternoon trade Canadian dollar registered gradual expansion against its US counterpart, after the release of strong data, regarding Canadian GDP. USD/CAD dropped to 1.0310, from previous levels around 1.0330-1.0339. Support was expected at 1.0285-1.0265, while resistance was to be encountered at 1.0365-1.0385. Minutes ago official report stated that Gross Domestic Product (GDP) in […] Read more

Euro zone Unemployment at record high

On Friday official reports stated that Unemployment Rate in the single currency zone hit a new record high during April, while consumer prices inflation increased by a relatively low rate. Such situation could undeniably put pressure on European Central Bank to accelerate its growth-targeting policy and also keep the current course of cost reduction. It […] Read more

British pound above 1.5200 against US dollar

On Friday British pound remained above 1.5200 level versus US dollar , receiving support after positive data from the United Kingdom and after disappointing economic results, that came out yesterday from the United States, that darkened expectations FED would take the road towards Quantitative Easing scale back. GBP/USD pair was trading at 1.5216 during mid-day […] Read more

Dollar index is about to see weekly decline ahead of US consumer data

Dollar index could record a weekly decline if official consumer data reports from United States announced weak results, implying stagnation in spending, as this could darken speculations that the Federal Reserve Bank would reduce scale of its easing program. Japanese yen retreated versus most of its major peers after Consumer Price Index (CPI) for Ku-area of […] Read more

Euro with limited gains against US dollar

Euro currency increased against US dollar, passing the psychological level earlier today, but as of late gains seemed limited. US dollar advanced versus its peers ahead of crucial economic data from United States. Having hit 1.3007 during European session, EUR/USD pair showed pull back, subsequently, falling down to 1.2952, but still on positive territory for […] Read more

NZD/USD pair rose on good data from New Zealand

During Thursday session the New Zealand dollar registered gains versus its US counterpart after the release of positive data, regarding Building Consents in New Zealand. US dollar was still in ongoing struggle for positions against its major peers, expressing its weakness against the Japanese yen primarily. Through the course of late Asian trade, NZD/USD reached 0.8128, […] Read more

British pound, on its part, also moved up against US dollar

During Thursday trade session British pound recorded upward movement versus US dollar, as an effect of greenbacks continuing weakness versus Japanese yen and other major peers. GBP/USD reached 1.5187 during early European session, currently highest and also highest since May 21st. Consolidation was observed at 1.5173-1.5177. Support was to be received at current lowest value, […] Read more