Forex News

Pound looks cheap following strong service sector PMI

A series of positive economic data in the past one week has done little to propel the Pound against the…

8 years ago

Rise in dairy products price turn Kiwi dollar bullish

The Australian dollar and the New Zealand dollar usually exhibit high volatility during periods of uncertainty in the global economy.…

8 years ago

Euro to strengthen on high ‘real’ rates in the Euro Zone

The EUR/CAD pair was trading between 1.43 and 1.4600 for the past four months. Unemployment issues, low inflation, and negative…

8 years ago

Aussie to gain on rising demand for coal and natural gas

Last week, lower-than-anticipated second-quarter economic expansion of Australia resulted in a decline of the AUD/USD currency pair by 200 pips.…

8 years ago

Lower than anticipated Q2 GDP growth turns Aussie weak

On August 15, we suggested taking a long position in the AUD/MXN pair at 13.90. For the suggested trade, we…

8 years ago

Canadian dollar to rise on better than expected GDP growth

The wildfire in the Alberta region of Canada and the subsequent news of its negative impact on the export revenues…

8 years ago

New Zealand dollar to decline on widened trade deficit

The uncertainty in the Fed rate hike and higher than expected unemployment rate of 4.9% in July kept the Greenback…

8 years ago

Ruble to strengthen on decline in Unemployment rate

Lower than expected unemployment claims in the US enabled the Greenback to rise sharply against the Russian Ruble in the…

8 years ago

Record high trade deficit keeps the Canadian dollar weak

The decline in the price of crude oil and the unimpressive stimulus measures announced by the BoJ enabled the CAD/JPY…

8 years ago

Upbeat construction PMI data turns Pound bullish

The unwinding of short positions continues to keep the Pound firm against the major currencies, including the Swiss Franc. The…

8 years ago