Forex
Poor jobs data turn Canadian dollar bearish
The decline in the price of crude oil enabled the New Zealand dollar to strengthen against the Canadian dollar in the past one week. From a low of 0.9330, the NZD/CAD pair hit a high of 0.9440, before ending the
Read MoreUpbeat Q2 GDP data turns Pound temporarily bullish
On 4th July, we had recommended a short position at 1.3300 in the GBPUSD pair. We had given a target of 1.2950. Clearly, we had mentioned that the downtrend would be very quick and traders will have little time to
Read MoreLoonie remains bullish on strong core retail sales data
On July 7th, we had recommended taking a long position (or one touch call option), with a target of 82, in the CAD/JPY pair near 77 levels. In a matter of about two weeks, the pair achieved the target as
Read MorePound to decline further as BoE prepares for rate cut
It is almost certain that the BoE (Bank of England) will cut the interest rates in August. The hard data from that region indicates that the economy is sagging and proactive measures are needed to bring back the consumer confidence.
Read MoreEuro to decline as IMF slashes growth outlook
There was hardly any kind of impact on the EUR/RUB currency pair, so far, following the Britain’s exit from the EU. While the market was expecting the currency pair to remain bullish or at least range bound, the recent developments
Read MorePound remains bearish as BoE hints more easing measures
The tremendous downward pressure created by the result of the Brexit referendum saw the Pound crashing to three decade low of 1.3120, from a high of 1.5017 recorded on June 24th . While the market was expecting a commendable relief
Read MoreKiwi dollar remains bullish on impressive Q1 GDP growth
One of the hallmarks of the Brexit referendum in the Forex market was the rise of the New Zealand dollar against the major currencies. Following the outcome of the Brexit referendum, the Kiwi rose sharply against the Swiss Franc. At
Read MorePound to strengthen on increasing support for ‘In’ vote
In the second week of June (June 9th to be precise), we had suggested taking a short position, with a target of 148, in the GBPJPY currency pair at 156.50 levels. The currency pair hit the target and fell even
Read MoreSwiss Franc Expected to Gain on Brexit Fears
The Hungarian Forint weakened nearly 3% against the Swiss Franc in the past one week. It can be argued that the investors’ nervousness, arisen out of the Brexit issue, is the primary reason for the CHFHUF pair to rise from
Read MorePound to weaken on widening fiscal deficit
The tables have turned, once again. After rising to a high of 163.87, from a low of 151.63, in a span of two months, the GBPJPY pair has started declining again. While most of the traders and analysts were expecting
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