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
Read MoreSNB 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
Read MoreSurprise rate hike by BoC propels Canadian dollar
The EUR/CAD pair remained range bound between 1.4600 and 1.5000 for the past five months. While the French election, notable improvement in the economy, increase in inflationary pressure, and anticipation of ECB tapering kept the Euro stronger, the Canadian dollar
Read MoreEuro turns weak on soft service sector PMI data
North Korea’s aggressive rhetoric and expectations of an announcement regarding the ECB tapering has strengthened the Euro dollar against the Greenback, Pound and the New Zealand dollar. However, many analysts had warned that the Euro has strengthened to an uncomfortably
Read MoreStrong Q2 GDP growth turns Greenback bullish
The USD/MXN pair has been on a decline for the past six-months. The inability of the Trump administration to push through the much anticipated tax reforms, failure to repeal Obama care, soft inflationary pressure, and weak wage growth had kept
Read MoreAussie up on strong iron ore, coking coal prices
Weak consumer spending and rising inflation have been keeping the Pound under pressure for the past two months. On the contrary, an unexpected recovery in the price of iron ore, strong employment data, and RBA’s upbeat statement about the Australian
Read MoreElection uncertainty, RBNZ’s dovish stance turn Kiwi weak
Tensions between North Korea and the US had forced investors to look for safe haven assets earlier this month. That boosted the demand for the Swiss Franc, Yen and gold. In particular, the Yen gained strength even against the commodity
Read MoreStrong employment data turns Pound bullish
We had forecast a rally in the GBP pair, on the basis of a robust employment and PMI data from Germany. The anticipated dovish stance of the Bank of England was also a reason for expecting the Pound to weaken.
Read MoreGeopolitical tensions strengthen Swiss Franc
In our August 4th report, we had predicted the USD/CHF pair to decline due to lower than anticipated unemployment data from the US and strong retail sales and PMI data from Switzerland. We had also expressed our willingness to take
Read MoreYen rises amid escalating tensions between N.Korea & US
On the basis of an upwardly revised Euro Zone outlook issued by the IMF, we had predicted a Euro dollar rally against the Yen. The Bank of Japan’s postponement of 2% inflation target time also influenced our decision. We had
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