Aussie up on strong iron ore, coking coal prices
Weak consumer spending and rising inflation have been keeping the Pound under pressure for the past two months. On the contrary, an unexpected recovery in the price of iron ore, strong employment data, and RBA’s upbeat statement about the Australian
Read MoreElection uncertainty, RBNZ’s dovish stance turn Kiwi weak
Tensions between North Korea and the US had forced investors to look for safe haven assets earlier this month. That boosted the demand for the Swiss Franc, Yen and gold. In particular, the Yen gained strength even against the commodity
Read MoreStrong employment data turns Pound bullish
We had forecast a rally in the GBP pair, on the basis of a robust employment and PMI data from Germany. The anticipated dovish stance of the Bank of England was also a reason for expecting the Pound to weaken.
Read MoreGeopolitical tensions strengthen Swiss Franc
In our August 4th report, we had predicted the USD/CHF pair to decline due to lower than anticipated unemployment data from the US and strong retail sales and PMI data from Switzerland. We had also expressed our willingness to take
Read MoreYen rises amid escalating tensions between N.Korea & US
On the basis of an upwardly revised Euro Zone outlook issued by the IMF, we had predicted a Euro dollar rally against the Yen. The Bank of Japan’s postponement of 2% inflation target time also influenced our decision. We had
Read MoreSwiss Franc strengthens on strong retail sales, PMI data
Better than anticipated flash manufacturing PMI and strong demand for homes enabled the US dollar to climb against the Swiss France in July end. The weakness in the Swiss Franc was also aided by an excess of Franc in the
Read MoreSoft inflation, dovish RBA keeps Aussie weak
Expectation of a change in stance to hawkish by the RBA had kept the Aussie bullish against the Canadian dollar for the most part of July. The Australian dollar’s rally against the Loonie was also favored by the weakness in
Read MoreSaudi’s decision to limit oil exports strengthens Loonie
Improved economic outlook and hint of another rate hike by the Bank of Canada enabled the Canadian dollar to rally against the Yen for the past one-and-a-half month. The Yen was also weakened by an increase in the unemployment rate
Read MoreEuro up on rising demand for Euro-denominated assets
In our July 10 report, we had forecasted the EUR/CAD pair to decline to 1.4460 levels. We had also mentioned our interest to open a short position in the currency market at 1.4680. Additionally, we had also expressed our desire
Read MoreGreenback turns weak on large trade deficit
Unexpected economic contraction in the first quarter of 2017 and junk status of the foreign currency denominated bonds weakened the South African Rand against the Greenback in June. The US dollar also got a boost from the Fed rate hike
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