Forex
Euro to decline on implementation of easing measures
Last month, the wildfire in the oil sands region of Canada weakened the Canadian dollar against the Euro. The EURCAD pair gained almost 500 pips in a matter of four days to touch 1.48185 on May 4th . The rise
Read MoreUS dollar strengthens on Yellen’s rate hike hint
A decline in the exports coupled with a wildfire in the oil sands region (Alberta) weakened the Canadian dollar against the US dollar considerably. The USDCAD currency pair, which was trading at 1.2460 in the first week of May, rose
Read MoreEuro to weaken on decline in business sentiment
The US dollar is once again gaining strength against most of the major currencies, as the market speculates on a Fed rate hike in June. Naturally, the Euro, which moves in the opposite direction to the US dollar, is the
Read MoreMexican Peso to strengthen on strong GDP growth forecast
Beginning the last week of April, we were repeatedly (pls., go through our reports on GBPCAD and GBPDKK pairs) saying that Pound would spike at any time considering the high Brexit risk premium and oversold scenario. We had given a
Read MoreYen Drops As Japan Continues to Keep Its Options Open
The yen weakened ahead of the scheduled Group of Seven (G7) meeting that Japan is hosting even as the country reiterated its willingness to intervene to manage the yen’s steady strengthening over the past few months. Vice finance minister for
Read MorePound to gain from limited unwinding of Brexit premium
The Pound lost almost 17% against the Danish Krone in the past six months. Well, it does not need a high level of economic intelligence to guess the reason for the decline. Brexit, which has now become a lingua Franca
Read MoreWidened trade deficit weakens Loonie against the Pound
The Pound weakened against all the major currencies, including the Canadian dollar, in the past three months mainly because of the Brexit issue. A series of positive economic data and the recovery in the price of crude oil also favored
Read MoreEuro signals decline as support for Brexit intensifies
The reluctance on the part of Fed to raise interest rates and the Brexit issue supported the rise of the EURGBP currency pair for the past five months. From a low of 0.70060, the EURGBP currency pair appreciated to hit
Read MoreYen turns bearish on further monetary easing expectations
Last week, the USDJPY saw heightened speculative activity, following the news of probable monetary policy easing by the Bank of Japan. The USDJPY currency pair hit a three week high of 111.753. While the US dollar strengthened about 400 pips
Read MoreStrong Chinese economic data strengthens the Aussie
Last week, the Aussie went up from 81.50 to 84.77 against the Japanese Yen. Surprisingly, there was nothing extraordinary about the Australian economy. Well, the positive Chinese economic data spurred the AUDJPY currency pair. Such is the dependence of the
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