Aussie turns weak on forecast of fall in commodity prices

On September 15, we had reported that the AUD/USD is on the verge of a breakout on the upside and a long position can be created near 0.7430 with a 200 pip profit target. We had also recommended investing in

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Firm iron ore and coal prices keep the Aussie bullish

On September 23, we had suggested currency traders to take a long position in the AUD/JPY pair near 76.70, with a target of 78.20. For binary traders, we had recommended the purchase of a one touch call option. The target

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Pound looks cheap following strong service sector PMI

A series of positive economic data in the past one week has done little to propel the Pound against the Euro, Greenback, and other commodity based currencies such as the New Zealand dollar. The Pound has now become the prime

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Rise in dairy products price turn Kiwi dollar bullish

The Australian dollar and the New Zealand dollar usually exhibit high volatility during periods of uncertainty in the global economy. The antipodean currencies tend to move in the same manner against other currencies. Following the rate cut by the Reserve

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Euro to strengthen on high ‘real’ rates in the Euro Zone

The EUR/CAD pair was trading between 1.43 and 1.4600 for the past four months. Unemployment issues, low inflation, and negative impact of the UK’s decision to exit the EU are the core problems faced by the Euro zone. In the

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Aussie to gain on rising demand for coal and natural gas

Last week, lower-than-anticipated second-quarter economic expansion of Australia resulted in a decline of the AUD/USD currency pair by 200 pips. Australia recorded a GDP growth of 0.5% in the quarter ended June 2016, against the analysts’ expectation of 0.6% growth.

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Lower than anticipated Q2 GDP growth turns Aussie weak

On August 15, we suggested taking a long position in the AUD/MXN pair at 13.90. For the suggested trade, we had given a target price of 14.10. We also advised binary traders to purchase a one touch call option. In

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Canadian dollar to rise on better than expected GDP growth

The wildfire in the Alberta region of Canada and the subsequent news of its negative impact on the export revenues kept the Canadian dollar weak for the most of August. Similarly, the uncertainty in the US Fed rate hike and

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New Zealand dollar to decline on widened trade deficit

The uncertainty in the Fed rate hike and higher than expected unemployment rate of 4.9% in July kept the Greenback lower against several currencies, including the New Zealand dollar, for most of August. However, the widening of trade deficit, rate

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Ruble to strengthen on decline in Unemployment rate

Lower than expected unemployment claims in the US enabled the Greenback to rise sharply against the Russian Ruble in the second week of July. From a low of 61.85, the USD/RUB pair rose to a high of 67.289 in a

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