Articles by: Vladimir Manev

USD/JPY preserves gains, trading in proximity to six-month highs

The US dollar preserved gains against the Japanese yen, on Wednesday, trading in proximity to highs unseen in six months. The minutes of Bank of Japan’s (BoJ) most recent policy meeting revealed, that some policymakers saw greater downside risks to nation’s economy, while the majority saw a balanced risk. USD/JPY reached a session high at […] Read more

USD/THB slips to 2-month lows ahead of no-confidence debate

Thailands baht depreciated the most since September 11-th against the US dollar, before the no-confidence debate in parliament today against Prime Minister Yingluck Shinawatra and amid continuing anti-government protests. USD/THB reached a session high at 32.121 at 14:50 GMT, gaining 0.26% for the day. Support was to be found at September 11-th high, 32.170, while […] Read more

USD/CNY trades unchanged, air tension rises

The USD/CNY traded unchanged, although air tension rises in the Chinese-Japanese conflict area. The spot rate for the yuan traded in Shanghai was steady at 6.0927, according to China Foreign Exchange Trade System. Support was likely to be received at November 20th low, 6.0916, while resistance was to be encountered at November 21st high, 6.1300. […] Read more

EUR/USD hits one-week highs on PBOC Governor remarks

EUR/USD hit a one-week high after the statement of the Governor of Peoples Bank of China (PBOC), Zhou Xiaochuan, made in Beijing earlier today. The EUR/USD reached a session high at 1.3571 at 8:25 GMT, gaining 0.39% on a daily basis. Support was likely to be found at November 25th low, 1.3490, while resistance was […] Read more

USD/INR edges lower after the announcement of the Iran deal

Indian rupee appreciated against the US dollar following yesterdays Iran agreement to curtail nuclear activities in exchange to easing of some sanctions on precious metals, oil, gold and auto parts. This is a historical moment, after a decade-long deteriorated economic and political conditions between the West and the Islamic country. The USD/INR hit a session […] Read more

Pound touches one-month highs against USD, after the release of BBA data

The sterling reached its highest level in one month against the U.S. dollar, following the release of the report on loans for house purchase by the British Bankers Association (BBA). The GBP/USD reached a session low at 1.6185 at 9:29 GMT, losing 0.23% on a daily basis. Support was likely to be found at November […] Read more

EUR/USD retreats ahead of the release of US Pending Home Sales

The euro lost ground against the US dollar on Monday, as markets awaited the release of the report on Pending Home Sales out of the United States. EUR/USD hit a session low at 1.3534 at 8:30 GMT, losing 0.2% on a daily basis. Support was likely to be found at November 22nd low, 1.3463, while […] Read more

SEK peaks higher against EUR after confidence data exceeds best estimates

SEK advanced against EUR, after the release of a report about the values of three different indicators, which measure the consumers and business confidence in Sweden. All of them had beaten the analysts forecasts. EUR/SEK reached a session low at 8.8794, at 9:45 GMT, the lowest since November the 12-th. Support was likely to be […] Read more