Aussie signals downtrend on rise in unemployment rate

On the basis of a decline in the private capital expenditure and record high inventories of iron ore at the Chinese ports, on February 27th , we had cautioned traders about the possibility of an Aussie sell off. In this

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Sharp decline in German factory orders turn Euro weaker

On the basis of a high debt to GDP ratio of China and probable defeat of Marine Le Pen in the second round of the French election, we had recommended going long in the EUR/AUD pair at 1.3680, with a

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Aussies weakens on decline in private capital expenditure

Lower than anticipated flash manufacturing PMI in February and less hawkish stance of the Fed turned the US dollar weak against the Aussie. The two and a half year high price of iron ore also aided the Aussie to gain

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Aussie Down on concerns over high debt-GDP ratio of China

Political uncertainty in Europe due to the upcoming elections in France, steep rise in the price of iron ore, and positive employment change data announced by the Australian Bureau of Statistics pushed the EUR/AUD pair to a low of 1.3731

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Yellen’s optimistic view of US economy boosts Greenback

The US dollar fell broadly against all the major currencies, including the Swiss Franc, in January. The Greenback was hammered because of two main reasons: Trump’s remark about the strength of the US dollar, and lack of details on infrastructure

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Fall in crude prices keep the Canadian dollar weak

The Canadian dollar had a piggyback ride on the US dollar and remained strong against most of its rivals, including the Euro, Pound and Yen in January. In reality, the Loonie should have fallen against its rivals on fundamental weakness.

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Rise in inflation rate strengthens Canadian dollar

Lower than expected inflation rate, rise in unemployment and Trump’s plan to renegotiate the NAFTA agreement kept the Canadian dollar under pressure against the commodity currencies such as the New Zealand dollar. Since January 10th , the NZD/CAD pair has

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Aussie signals downtrend on decline in consumer prices

The AUD/USD rally, which began in the last week of December 2016, took the pair to a high of 0.7608 on Tuesday this week. This translates to a gain of nearly 450 pips since December 26th . Most of these

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Aussie remains weak on falling coking coal prices

The annual Financial Times report for 2017, prepared on the basis of a survey conducted among economists tracking developments in the UK, warned the possibility of slower growth, decrease in business investments, and squeezing of household incomes due to higher

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Soft retail sales data turns Aussie weak

Last month, the Australian dollar hardly reacted to the news of 0.5% economic contraction in the third-quarter of 2016. Analysts and traders in general discarded the economic data as a one-time event. Their argument was based on the fact that

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