Interest rate differentials signal uptrend in AUD/CHF pair
So far in November, the Australian dollar has been on a steady decline against the Swiss Franc. The forced shut down of steel mills, which began in September and will run until March, to control pollution in China during winter
Read MorePound signals uptrend on signs of peaking inflation
The Euro is on a tear against the Pound as the British Prime Minister Theresa May struggles to resolve issues in her cabinet, while the Brexit talks are heading nowhere. The improvement in the Euro zone economy and positive GDP
Read MoreCredit Suisse Hit With $135 Million Fine For Forex Violations
New York’s State Department of Financial Services (DFS) announced this week that they had decided to impose a fine of $135 million on French bank Credit Suisse for a number of forex violations that occurred between 2009 to 2015. Credit
Read MoreKiwi dollar weakens on decline in dairy products prices
The uncertainty caused due to general elections in the New Zealand sparked a downtrend in the NZD/USD pair. On the contrary, Trump’s reasonable success in getting the budget blueprint, which paves way for tax reforms, passed in the US Senate
Read MorePound turns weak after BoE dashes hopes of rate hikes
The Bank of England, as anticipated, raised the benchmark interest rate by 25 basis points to 0.50% on Thursday. However, the market reacted negatively to the rate hike. In general, a rate hike makes the currency of a country more
Read MoreEuro up on fundamentally attractive valuations
In our October 26 report, we had forecast a downtrend in the EUR/USD pair. Further, we had also mentioned our plan to go short in the currency pair near 1.1820, with a target level of 1.1560. Our desire to invest
Read MoreGreenback up on Senate approval of budget blueprint
Last week, the US Senate approved the budget plan that gives way for tax cuts. Notably, the US Republican Senator Rand Paul gave his support for the proposed tax reform bill. The dollar index (DXY), which tracks the US dollar
Read MoreRuble strengthens on improvement in Russian economy
The deadlock in Brexit talks and the ECB president Mario Draghi’s dovish stance on tapering of monetary stimulus has kept the Euro weak since August. On the contrary, the range bound movement of crude oil, between $45 and $50 per
Read MoreIron ore price rout keeps the Aussie bearish
Two weeks ago many brokers predicted a downtrend forecast in the AUD/JPY pair. Furthermore, many stated that a short position may be opened near 89.40 in the currency market, with an aim to book profit near 87.80. Additionally, brokers proceeded
Read MoreGoPro turns weak as Google launches AI based camera
On the basis of an upward revision of fiscal 2017 third-quarter outlook, on September 13th , there was a predicted rally in the stock of wearable action camera manufacturer GoPro Inc (NASDAQ: GPRO). There was a desire to purchase a
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