Forex
Wage growth slowdown turns Pound weaker
According to the wage data published by the UK Office for National Statistics, the average weekly earnings from March through May has increased 1.8%, compared with last year, and in line with analysts’ estimates. However, it was below the 2.1%
Read MoreIncreasing risk-aversion strengthens Yen
On the basis of strong retail sales and hawkish statement by Carolyn Wilkins, Bank of Canada’s senior deputy governor, we had forecasted a rally in the CAD/JPY pair on June 26th. The article also provided 83.80 and 85.80 as the
Read MoreStrong retail sales, oil recovery keeps Loonie bullish
The oil rout, primarily driven by worries about China’s economic growth and high inventories, has weakened the Canadian dollar against several currencies, but not against the Yen, which is even weaker due to the accommodative policy of the Bank of
Read MorePound rises as UK turns flexible in Brexit talks
Since the beginning of June, the Pound is in a clear downtrend against its G10 rivals. The prime reason for the weakness is the poor economic data (retail sales and manufacturing) coupled with a loss of majority for the Conservatives
Read MoreFed’s dovish outlook keeps Greenback weak
The Mexican Peso has been on a tear for the past six months, against the US dollar. With an appreciation of about 20%, the Peso has been the best performing currency so far in 2017. The Bank of Mexico’s aggressive
Read MorePoor NFP, trade balance data turns the Greenback weak
In mid-May, the Brazilian Rial plunged against the Greenback when a local newspaper reported that President Michel Temer asked Joesley Batista, chairman of the meatpacking giant JBS SA, to continue paying former legislator Eduardo Cunha, who is currently serving a
Read MoreEuro signals downtrend on weak German CPI data
The victory of Emmanuel Macron in the French election and rising inflationary pressure coupled with positive industrial data from Europe enabled the Euro to rise against the Aussie during April and May. The Aussie was also pulled down by the
Read MorePoor construction data turns Aussie weak
Last week, Statistics Canada announced a lower than anticipated inflation in April and a decline in retail sales in March. The poor m-o-m figures kept the Canadian dollar weak in spite of an oil rally. The Aussie, on the contrary,
Read MoreYen to rise on BoJ’s upgraded economic outlook
The victory of Emmanuel Macron in the French election and Euro zone’s GDP growth of 0.5% in the first-quarter ensured a sharp Euro dollar rally in the past few days. On the other hand, the demand for the Yen decreased
Read MoreKiwi dollar weakens on RBNZ’s dovish stance
Until Wednesday, the EUR/NZD pair was in a downtrend, despite the win of Emmanuel Macron in the French elections. Even the strong Sentix investor confidence reading and better than anticipated German factory orders data was unable to push the Euro
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