Articles by: Miroslav Marinoff

British pound on session high, US dollar struggles for positions

On Wednesday US dollar showed retreat against its major peers, while British pound recorded a session high against the greenback. GBP/USD hit 1.5130 during late European session, after which consolidated at 1.5110-1.5115. Support was expected at current session low, 1.5007, while resistance was to be met at May 27th high, 1.5155. One major reason for […] Read more

Retail sales in United Kingdom with a dip during May

The Confederation of British Industry (CBI) reported that British Retail Sales declined during May to a lowest level for the past year. Consumer budgets remained under pressure due to rising prices and slowed down income rising rate. Retail sellers projected smaller investments. According to official data The Confederation of British Industry (CBI) Distributive Trades indicator decreased […] Read more

AUD/USD tumbled to one-and-a-half year low

Australian dollar registered a sharp drop against its US counterpart to 1.5 year low on Wednesday after the release of economic data from Australia. AUD/USD reached 0.9527 during Asian session, lowest since October 5th 2011, after which consolidation followed at 0.9556. Support was meant to be received at October 5th 2011 low, 0.9488, while resistance […] Read more

NZD/USD lower in calm trade

On Wednesday the New Zealand dollar shortened positions against its US counterpart, as demand for the US dollar remained high after the promising data from United States yesterday. NZD/USD reached 0.8048 during Asian session, lowest for today, after which consolidation followed at 0.8065-0.8070. The pair was expected to be supported at May 22nd low, 0.8034, […] Read more

US home prices rose at a largest rate since 2006

Official data showed that S&P/Case-Shiller Composite-20 Home Price Index in United States registered a rise by 10.87% during March 2013, compared to March 2012, as the indicator changed at the biggest rate since April 2006. The index, which gauges home price changes in 20 major cities throughout United States, recorded improved values in every single city. […] Read more

US dollar increased against the Swiss franc also, focus is on US data

USD/CHF pair rose during trade session on Tuesday, with markets focused on the upcoming US data later in the day. The cross reached 0.9706 during European session, highest value since May 24th, after which consolidation followed at lower levels – 0.9654. USD/CHF was expected to receive support at Monday low, 0.9592, while resistance levels were […] Read more