Pound to strengthen further on BoE’s rate hike hint

As the market started unwinding a portion of the Brexit premium, the Pound galloped against all the major currencies and re-conquered a portion of the lost territory. The GBPCHF is one such pair which saw a huge uptrend in the

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US dollar remains weak on soft payrolls data

For the past two months, the EURUSD pair exhibited a range bound movement between 1.0585 and 1.1450. A week before, the currency made another attempt to cross above the upper band. However, selling pressure pushed the currency pair once again

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Japan Issue Warnings Due Yen Surge Against The Dollar

Japanese Finance Minister Taro Aso has once again expressed concern over the strengthening of the yen against the US dollar, after the yen jumped to an 18-month high earlier this week. The yen has been steadily rising, reaching 106.76 against

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Mexican Peso remains bullish on strong GDP growth outlook

The sharp fall in the price of crude oil and the comments made by Fed officials took a toll on the Latin American currencies, including the Mexican Peso on Wednesday. The USDMXN currency pair rose from 17.1611 to 17.8379 in

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Aussie turns bearish on weak Consumer Price Index data

Following the weak consumer price index (CPI) data, the Aussie declined against the Swiss Franc from a high of 0.75550 to a low of 0.74062 on Wednesday. While the Aussie was expected to fall against most of the major currencies,

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Kiwi signals downtrend on low business confidence

The economies of New Zealand and Japan are diametrically opposite to each other. The New Zealand’s economy is heavily dependent on the export of dairy products, while the Japanese economy is reliant on the export of consumer electronic goods, automobiles

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Aussie signals bearish reversal on poor economic data

Very few traders and analysts would have expected the Aussie to strengthen against the US dollar in the past three months. There was not even a single positive report about iron ore, which contributes the most of export revenue for

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Greenback remains weak against the Yen on economic woes

The unabated march of the Japanese Yen against the US dollar continues to rattle the equity markets this week. The USDJPY pair declined to touch a 17 month low of 110.30. For at least six months as of now, the

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Canadian dollar remains weak on economic growth concerns

The Canadian economy fared better than all other countries in the G-7 group during the 2008 economic crisis. The economy also came out of recession, faster and stronger. The trend continued until 2013. Soon after the price of crude oil

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Regulators In UK & Australia Agree To Support Fintech Sector

An agreement has been reached between the financial regulators of the UK and Australia that will result in support for fintech companies trying to enter each other’s market. According to the agreement, UK’s Financial Conduct Authority (FCA) and the Australian

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