Mexican Peso remains bullish on strong GDP growth outlook
The sharp fall in the price of crude oil and the comments made by Fed officials took a toll on the Latin American currencies, including the Mexican Peso on Wednesday. The USDMXN currency pair rose from 17.1611 to 17.8379 in
Read MoreAussie turns bearish on weak Consumer Price Index data
Following the weak consumer price index (CPI) data, the Aussie declined against the Swiss Franc from a high of 0.75550 to a low of 0.74062 on Wednesday. While the Aussie was expected to fall against most of the major currencies,
Read MoreKiwi signals downtrend on low business confidence
The economies of New Zealand and Japan are diametrically opposite to each other. The New Zealand’s economy is heavily dependent on the export of dairy products, while the Japanese economy is reliant on the export of consumer electronic goods, automobiles
Read MoreAussie signals bearish reversal on poor economic data
Very few traders and analysts would have expected the Aussie to strengthen against the US dollar in the past three months. There was not even a single positive report about iron ore, which contributes the most of export revenue for
Read MoreGreenback remains weak against the Yen on economic woes
The unabated march of the Japanese Yen against the US dollar continues to rattle the equity markets this week. The USDJPY pair declined to touch a 17 month low of 110.30. For at least six months as of now, the
Read MoreCanadian dollar remains weak on economic growth concerns
The Canadian economy fared better than all other countries in the G-7 group during the 2008 economic crisis. The economy also came out of recession, faster and stronger. The trend continued until 2013. Soon after the price of crude oil
Read MoreRegulators In UK & Australia Agree To Support Fintech Sector
An agreement has been reached between the financial regulators of the UK and Australia that will result in support for fintech companies trying to enter each other’s market. According to the agreement, UK’s Financial Conduct Authority (FCA) and the Australian
Read MoreTurkish Lira remains bearish on economic growth concerns
In the past one week, USDTRY (Dollar-Turkish Lira) pair has appreciated from a low of 2.8391 to a high of 2.8898. In fact, the Turkish Lira lost against most of the currencies, including those of the commodity based economies (Australia,
Read MoreGBP turns bullish as BoE signals end to rate cuts
The decline of the Euro, unresolved issues in the Euro zone and the Brexit referendum had a negative impact on the GBPAUD pair, which declined to a low of 1.86529 on Thursday. However, the Pound bounced back quickly to touch
Read MoreSluggish Economy and Brexit Fears Keep The Pound Bearish
The GBPCAD pair lost more than 1000 pips in the past two weeks to touch a low of 1.8662 on Tuesday. The well known reason for the decline was the possibility of a ‘Brexit’ (Britain exit) from the European Union
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