Forex News

Positive job, PMI data strengthens Canadian dollar

On the basis of a decline in the Eurozone current account surplus and an upbeat sales data reported by Statistics…

7 years ago

Aussie turns bearish on less hawkish statement by RBA

The unanticipated outcome of the UK election, which resulted in a hung parliament, and the dominance of the EU members…

7 years ago

Peso turns weak on widened trade deficit

On the basis of a dovish rate hike by the Fed in June and a decline in consumer prices in…

7 years ago

Euro signals downtrend on poor retail sales data

The Euro dollar outlook turned bearish last week as agencies reported a decline in the German factory orders and Italian…

7 years ago

Pound remains weak on poor retail sales in May

The outcome of the UK election continues to weigh on the Pound, which has now turned to be the worst…

7 years ago

Pound signals uptrend on strong CPI data

On May 29th, a predicted a downtrend in the GBP/USD pair and an interest to go short at 1.2840 levels,…

7 years ago

Yen turns weak on poor Q1 GDP growth

The Euro dollar fell earlier this week due to a rumor that the ECB is about to cut inflation forecasts.…

7 years ago

Canadian dollar signals uptrend on strong GDP data

Considering the improved outlook for oil and reasonably strong Canadian retail sales in March, on May 19th, we had stated…

7 years ago

Decline in US jobless claims strengthens Greenback

The NZD/USD pair had a decent rally of about 100 pips in the past ten days. Strong retail sales data…

8 years ago

Loonie up on Saudi-Russia oil production cut deal

A sharp decline in the price of crude oil and victory of Emmanuel Macron in the French election has enabled…

8 years ago