Ruble strengthens on improvement in Russian economy

The deadlock in Brexit talks and the ECB president Mario Draghi’s dovish stance on tapering of monetary stimulus has kept the Euro weak since August. On the contrary, the range bound movement of crude oil, between $45 and $50 per

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Iron ore price rout keeps the Aussie bearish

Two weeks ago many brokers predicted a downtrend forecast in the AUD/JPY pair. Furthermore, many stated that a short position may be opened near 89.40 in the currency market, with an aim to book profit near 87.80. Additionally, brokers proceeded

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GoPro turns weak as Google launches AI based camera

On the basis of an upward revision of fiscal 2017 third-quarter outlook, on September 13th , there was a predicted rally in the stock of wearable action camera manufacturer GoPro Inc (NASDAQ: GPRO). There was a desire to purchase a

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Kiwi down on fall in dairy prices, political uncertainty

An unexpected widening of trade deficit in August, slowing housing market, a decline in the price of crude oil and Bank of Canada’s cautionary approach towards a rate hike has turned the Canadian dollar weak against its G10 rivals in

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US dollar down on concerns over US tax reform plan

In our September 21st report, we had forecast the GBP/USD pair to decline from the level of 1.3510. Furthermore, we had also mentioned that we may go short in the currency pair and simultaneously purchase a put option to gain

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Euro strengthens on strong German employment data

The improvement in the Euro zone economy over the past few months has strengthened the Euro considerably against the G10 currencies. Surprisingly, the Euro did not give much of a ground even to the Yen, a safe haven currency, when

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US tax reform plan turns Greenback bullish

The Kiwi dollar fell sharply on Monday after none of the parties got a majority in the general election conducted on Saturday. The ruling National Party got 58 seats, while the Labour, under the new popular leader Jacinda Ardern, won

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Carney’s hint of gradual rate hikes turn Pound bearish

The GBP/USD pair had rallied about 500 pips in the past one week to hit a high of 1.3618 on Monday. The rally was triggered after the Bank of England’s Governor Mike Carney stated that there is a possibility of

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Ruble remains bullish on strong Q2 2017 GDP growth

Since the beginning of August, the Euro dollar has been on a decline against the Russian Ruble. The recovery in the price of crude oil – mainly due to the production limit agreement and a decline in the Saudi Arabia’s

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SNB maintains rates, ready to intervene on Franc

In August most forex analysts predicted an uptrend in the AUD/CHF pair, on the basis of a recovery in the price of iron ore, which is the top most export revenue earner of Australia. The forecast was also made on

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