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Articles by: Miroslav Marinoff

Miroslav Marinoff, a news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market and the US Stock Market.

USD/CAD slid after US data

May 30, 2013 2:23 pm
On Thursday after reaching session high against the Canadian dollar, US dollar lost ground after the release of disappointing economic data from United States. USD/CAD pair hit 1.0390, highest value for current session, but later recorded a drop to 1.0320 during early American trade. Support was likely to be received at 1.0305, lowest value from […] Read more

US dollar lost positions on weak economic data

May 30, 2013 1:01 pm
US dollar lost positions widely against other major currencies on Thursday after the release of weak economic data, casting aside speculations that FED would reduce scale of its easing program. During European afternoon trade EUR/USD pushed higher, reaching 1.2980-1.2988. Minutes ago official reports stated that Initial Jobless Claims in United States rose to 354 000 during […] Read more

Euro with limited gains against US dollar

May 30, 2013 12:13 pm
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

May 30, 2013 9:37 am
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

May 30, 2013 9:09 am
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

US dollar slipped to three-week low against Japanese yen

May 30, 2013 8:01 am
US dollar continued its fall versus Japanese yen on Thursday, as dropping Nikkei 225 by 5.2% during Asian trade, made investors reconsider their positions and look for safe haven in Japanese currency. USD/JPY pair fell to 100.45 during the later hours of Asian session, lowest value since May 9th, after which consolidation followed at 100.60-100.65. […] Read more

Australian economic data shot AUD/USD higher

May 30, 2013 7:28 am
On Thursday Australian dollar pushed higher against its US counterpart on the release of optimistic Buildings Approvals data from Australia. US dollar was still weak versus most major currencies. AUD/USD reached 0.9699 during late Asian trade, highest for current session, after which consolidation followed at 0.9673-0.9677. Support was expected at todays session low, 0.9582, while resistance […] Read more

Euro continued gains against the US dollar

May 30, 2013 7:09 am
On Thursday trade the euro remained higher versus US dollar, as the greenback still experienced weakness against it major peers, which was the the case from yesterday also, when Japanese yen expanded its positions and put pressure on US dollar. Asian trade showed EUR/USD hit 1.2986, highest value since May 24th, after which the cross […] Read more

British pound on session high, US dollar struggles for positions

May 29, 2013 1:51 pm
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

Euro expanded significantly versus US dollar

May 29, 2013 1:18 pm
The euro extended its positions against US dollar during Wednesday trade session, as dollar registered losses against the yen, which caused impact on greenbacks positions against other major currencies. During the later hours of European session EUR/USD reached 1.2977, highest value for current trade, after which consolidation followed at levels 1.2950-1.2955. Support was meant to […] Read more