Forex
Fed’s Mester brushes away flattening yield curve concern
The Aussie rallied against the Greenback last week, mainly due to the dovish Fed minutes and soft PMI data. A rally in the price of iron ore also strengthened the Australian dollar. Still, the AUD/USD pair, which is currently trading
Read MoreLack of consensus on Brexit bill turns Pound weak
In our November 3 report, we had forecast a downtrend in the GBP/NZD pair. We had also evinced our interest to go long in the currency cross near 1.8860, and simultaneously invest in a call option. A week later, the
Read MoreEuro up on improving economic conditions in EU
In our currency report dated October 27, we had predicted a decline in the EUR/NZD pair from the level of 1.7050. Further, we had also mentioned our interest to open a short position in the spot Forex market. Other than
Read MoreYen turns weak on decline in core machinery orders
The USD/JPY pair had been range bound for the most part of October. Tensions between North Korea and the US, the negative impact of hurricanes Harvey and Irma and mixed economic data from both Japan and the US kept the
Read MoreAussie turns bullish on RBA’s optimistic GDP outlook
Since October 25, the Euro dollar has been on a decline against its rivals. The downtrend began after the ECB divulged its tapering plan, which includes the maintaining the current low interest rate for an unspecified period. Concerns over the
Read MorePound signals uptrend on rate hike by BoE
Since October 15, the GBP/NZD pair has gained about 1000 pips to reach a high of 1.9330. A rise in inflation above the Bank of England’s target level of 2% has sparked expectations of a rate hike, thereby strengthening the
Read MoreGreenback remains strong on Q3 GDP growth of 3.1%
On the basis of strong retail sales and inflation data, we had forecast the US dollar to strengthen against the Yen in our October 16 report. Further, we had also mentioned our plan to open a long position in the
Read MoreEuro turns weak on dovish ECB tapering
The EUR/NZD pair has appreciated by about 500 pips in the past week to trade at about 1.7040 levels. A decline in the average price of dairy products weakened the Kiwi dollar, while an upbeat trade balance and current account
Read MoreEuro remains bullish on strong current account surplus
In our October 6 report, we had forecast a decline in the EUR/JPY pair and expressed our interest to go short near 132.60 levels. We had also mentioned our desire to invest in a put option to gain from the
Read MorePound turns bullish on anticipation of rate hike by BoE
The deadlock in Brexit talks and a steep decline in the index of Industrial Order Expectations turned the Pound weak against the Greenback in mid-September. The proposed tax reform plan in the US also aided the decline of the GBP/USD
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