Forex
Euro strengthens on improvement in business sentiment
The Euro dollar became jittery at the end of the first week of February when the ECB President Mario Draghi underplayed the recent rise in the headline inflation in the European Union and justified the need for the further quantitative
Read MorePeso weakens as Trump reaffirms Mexican wall plan
During the past five months, one of the currencies which had a roller coaster ride is the Mexican Peso. Between November and January, the USD/MXN pair gained strength on account of Trump’s unexpected victory in the US Presidential race. Once
Read MoreRBNZ holds rate steady at 1.75%, cuts FY18 inflation view
Considering the possibility of a rise in political uncertainty in the Europe, we had recommended going short in the EUR/NZD pair, at 1.4900 levels, on January 16th. To binary option traders, we had also suggested investing in a put option
Read MoreQ4 GDP growth of 0.6% y-o-y keeps Pound strong
The GBP/USD pair remains range bound between 1.2050 and 1.2680 for the past four months. Uncertainty about the Fed rate hike and Trump’s election rhetoric kept the US dollar weak in October and November. On the contrary, Fed’s rate hike
Read MorePound UP as UK economy registers 0.6% q-o-q GDP growth
The signs of improving economic condition in the Euro zone and the ECB’s decision to decrease the quantum of bond purchases to Euro 60 billion from April strengthened the Euro dollar against the politically charged Pound during the period between
Read MorePound signals bullish reversal on strong inflation data
With just two months to go for the planned triggering of the Article 50 by the UK government, talks of hard-Brexit toppled the Pound against the major currencies. The downtrend was accelerated by lower than expected unemployment claims and higher
Read MoreTrade surplus, firming crude price turn Loonie stronger
Since November 9th , the NZD/CAD pair has fallen from a high of 0.9929 to a low of 0.9204. There are two main reasons for the decline: the victory of Donald Trump in the US Presidential election and the US
Read MoreEuro zone inflation increases 1.1% y-o-y in December
Almost all the social media forums related to financial markets were buzzing about the probability of Euro hitting parity with the US dollar. In fact, several traders anticipated the exchange rate of the Euro to equal the US dollar in
Read MorePound turns weak as UK prepares to trigger Article 50
After dipping to a historical low against most of the currencies in mid-October, the Pound started recovering in an unexpected manner. The uptrend was aided by the market’s perception that the hard-Brexit has been priced in already. Another factor which
Read MoreFranc gains as doubts shadow Fed’s view of three hikes
The US dollar pushed its rivals to multi-year lows last week. However, the currency, which strengthened mainly due to the FOMC’s forecast of three interest rate hikes next year, started losing momentum after several analysts opined that the rally is
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