Forex
Canadian dollar turns weak on fall in crude price
Following the announcement of an extension to the quantitative easing program by the ECB’s President Mario Draghi, the Euro dollar dropped near to its lowest level since 2016. In fact, market participants were wondering whether the EUR/USD parity is around
Read MoreEuro turns weak as ECB mulls extension to QE program
The negative impact of the outcome of the Italian referendum was only short lived. The Euro covered all the losses and even gained against its rival currencies. The Yen, which has already turned weak after the victory of the billionaire
Read MoreRise in demand for commodities keep the Aussie strong
The 4.5% increase in the Global Dairy Trade Index on November 15th strengthened the New Zealand dollar against the Aussie. From a high of 1.0650, the AUD/NZD pair fell to a low of 1.0410. The decline was also aided by
Read MoreRate cut, housing market concerns turn the Kiwi weak
The increase in the dairy prices and the looming Fed rate hike ensured a decline in the EUR/NZD pair for the past four weeks. Currency traders who had followed our recommendation, given on October 10, to go short at 0.7180
Read MoreIron ore and coking coal keeps the Aussie bullish
One of the currencies which was least impacted by the victory of Trump in the US election is the Australian dollar. The Aussie continues to remain rock solid against the Greenback. The currency has also gained most of the lost
Read MoreStrong Q3 GDP growth keeps Pound bullish
After rising considerably against most of the major currencies in the past two weeks, the pound opened on a soft note on Monday. One of the main reasons for the weakness was the rumour that the UK Parliament may fast
Read MoreTrimmed S Africa’s GDP growth outlook turns Rand bearish
On September 29, we had recommended taking a long position in the USD/ZAR pair at 13.50, with a target level of 13.90. Similarly, a one touch call option was recommended for the binary option traders. The target was hit in
Read MoreCanadian dollar weakens on lower GDP growth forecast
The bullish rally in the CAD/JPY pair bolstered the exchange rate by 400 pips to 79.60 in a matter of one month. The Canadian dollar strengthened mainly due to the OPEC’s decision to limit the production of oil to a
Read MorePeso strengthens on changing political landscape in US
The US Presidential election has increased the volatility of the Mexican Peso than any other currency. The most important reason for the increase in the volatility is the stand taken by the Presidential candidate ‘Trump’ against the NAFTA partner. Trump
Read MoreDecline in GDT index weakens the Kiwi dollar.
The increase in the dairy prices coupled with a 10% rise in the price of the new wave of export commodities such as the kiwi fruit, Apple, seafood, and wine enabled the New Zealand dollar to strengthen from 0.6670 in
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