Kiwi down on fall in dairy prices, political uncertainty
An unexpected widening of trade deficit in August, slowing housing market, a decline in the price of crude oil and Bank of Canada’s cautionary approach towards a rate hike has turned the Canadian dollar weak against its G10 rivals in
Read MoreUS dollar down on concerns over US tax reform plan
In our September 21st report, we had forecast the GBP/USD pair to decline from the level of 1.3510. Furthermore, we had also mentioned that we may go short in the currency pair and simultaneously purchase a put option to gain
Read MoreEuro strengthens on strong German employment data
The improvement in the Euro zone economy over the past few months has strengthened the Euro considerably against the G10 currencies. Surprisingly, the Euro did not give much of a ground even to the Yen, a safe haven currency, when
Read MoreUS tax reform plan turns Greenback bullish
The Kiwi dollar fell sharply on Monday after none of the parties got a majority in the general election conducted on Saturday. The ruling National Party got 58 seats, while the Labour, under the new popular leader Jacinda Ardern, won
Read MoreCarney’s hint of gradual rate hikes turn Pound bearish
The GBP/USD pair had rallied about 500 pips in the past one week to hit a high of 1.3618 on Monday. The rally was triggered after the Bank of England’s Governor Mike Carney stated that there is a possibility of
Read MoreRuble remains bullish on strong Q2 2017 GDP growth
Since the beginning of August, the Euro dollar has been on a decline against the Russian Ruble. The recovery in the price of crude oil – mainly due to the production limit agreement and a decline in the Saudi Arabia’s
Read MoreSNB maintains rates, ready to intervene on Franc
In August most forex analysts predicted an uptrend in the AUD/CHF pair, on the basis of a recovery in the price of iron ore, which is the top most export revenue earner of Australia. The forecast was also made on
Read MoreSurprise rate hike by BoC propels Canadian dollar
The EUR/CAD pair remained range bound between 1.4600 and 1.5000 for the past five months. While the French election, notable improvement in the economy, increase in inflationary pressure, and anticipation of ECB tapering kept the Euro stronger, the Canadian dollar
Read MoreEuro turns weak on soft service sector PMI data
North Korea’s aggressive rhetoric and expectations of an announcement regarding the ECB tapering has strengthened the Euro dollar against the Greenback, Pound and the New Zealand dollar. However, many analysts had warned that the Euro has strengthened to an uncomfortably
Read MoreStrong Q2 GDP growth turns Greenback bullish
The USD/MXN pair has been on a decline for the past six-months. The inability of the Trump administration to push through the much anticipated tax reforms, failure to repeal Obama care, soft inflationary pressure, and weak wage growth had kept
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