Pound turns bullish on expectation of Brexit breakthrough

As the UK inflation rate nudged toward 3%, the Pound turned bullish in September. The rate hike in November ensured a consolidation of the Pound against most of the G10 currencies, including the Swiss Franc. Since September 11, the Pound

Read More

Euro turns weak on German political uncertainty

For the past two months, the EUR/JPY pair has been range bound between 132.40 and 133.40. Both the Euro zone and Japanese economy have been showing signs of improvement. The inflationary pressure is picking up in the Euro zone, while

Read More

Interest rate differentials signal uptrend in AUD/CHF pair

So far in November, the Australian dollar has been on a steady decline against the Swiss Franc. The forced shut down of steel mills, which began in September and will run until March, to control pollution in China during winter

Read More

Pound signals uptrend on signs of peaking inflation

The Euro is on a tear against the Pound as the British Prime Minister Theresa May struggles to resolve issues in her cabinet, while the Brexit talks are heading nowhere. The improvement in the Euro zone economy and positive GDP

Read More

Kiwi dollar weakens on decline in dairy products prices

The uncertainty caused due to general elections in the New Zealand sparked a downtrend in the NZD/USD pair. On the contrary, Trump’s reasonable success in getting the budget blueprint, which paves way for tax reforms, passed in the US Senate

Read More

Pound turns weak after BoE dashes hopes of rate hikes

The Bank of England, as anticipated, raised the benchmark interest rate by 25 basis points to 0.50% on Thursday. However, the market reacted negatively to the rate hike. In general, a rate hike makes the currency of a country more

Read More

Euro up on fundamentally attractive valuations

In our October 26 report, we had forecast a downtrend in the EUR/USD pair. Further, we had also mentioned our plan to go short in the currency pair near 1.1820, with a target level of 1.1560. Our desire to invest

Read More

Greenback up on Senate approval of budget blueprint

Last week, the US Senate approved the budget plan that gives way for tax cuts. Notably, the US Republican Senator Rand Paul gave his support for the proposed tax reform bill. The dollar index (DXY), which tracks the US dollar

Read More

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

Read More

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

Read More