Decline in US jobless claims strengthens Greenback

The NZD/USD pair had a decent rally of about 100 pips in the past ten days. Strong retail sales data and dairy prices kept the Kiwi dollar strong. The Greenback, on the other hand, was weak due to poor CPI

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Loonie up on Saudi-Russia oil production cut deal

A sharp decline in the price of crude oil and victory of Emmanuel Macron in the French election has enabled the Euro to rally against the Canadian dollar, so far in May. The dovish stance of the Bank of Canada

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Yen strengthens as commodity import costs decline

On the basis of hawkish stance taken by the US Fed, a long position in the USD/JPY pair in April would have been recommended. A call option would be suggested to binary option traders. The entry was advised near 108.80,

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Kiwi down on stagnant wages, rising capital cost concerns

As crude oil went below the crucial $50 per barrel mark, the Canadian dollar began to lose ground against most of the G20 currencies, including the New Zealand dollar. The increase in the average dairy prices, in the auction conducted

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Aussie to strengthen on rally in Iron ore, coking coal

In our March 17th article, we had predicted the Australian dollar to decline against the Greenback, on the basis of poor job additions in February. We had also pointed out that the US dollar would strengthen on Fed’s affirmation to

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Canadian dollar strengthens on hawkish statement from BoC

Lower than anticipated unemployment claims in the US and sharp decline in the price of crude oil fuelled a rally in the USD/CAD pair in the past week. The pair, which hit a high of 1.3470 yesterday, is trying to

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Kiwi strengthens on rise in price of whole milk powder

New Zealand saw a trade deficit of about $18 million in February due to a decline in the price and export volumes of dairy products. The market had expected a surplus of $127 million. The trade deficit weakened the Kiwi

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Pound UP on May’s conciliatory speech in UK Parliament

At the beginning of this year, many analysts and speculators were betting on the Euro to trade at par with the US dollar. However, the Euro defied such expectations and rallied against the Greenback and other major currencies. The marginal

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Rising support for Macron in French election boosts Euro

The unexpected support for ECB rate hikes from Ewald Nowotny, Austrian representative on the ECB’s council, and victory of pro-EU Prime Minister Mark Rutte in the Dutch election propelled the Euro against the New Zealand dollar for the past two

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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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