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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Record high trade deficit keeps the Canadian dollar weak

The decline in the price of crude oil and the unimpressive stimulus measures announced by the BoJ enabled the CAD/JPY pair to decline from a high of 82.49 to 76.40 in a matter of one month. However, there recent developments

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Upbeat construction PMI data turns Pound bullish

The unwinding of short positions continues to keep the Pound firm against the major currencies, including the Swiss Franc. The Swiss National Bank’s policy of keeping the Franc weak, in order to fight deflation and boost exports, has also aided

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Ringgit to strengthen on forecasted 4.2% YoY GDP growth

The stellar non-farm employment change, better than expected core retails sales, a decline in the unemployment claims, higher than expected flash manufacturing PMI, and Brexit related uncertainty enabled the US dollar to have an exceptional bullish run against most of

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Pound signals reversal on rise in core CPI

On June 17th , we had recommended taking a long position in the GBPPLN currency pair at 5.50 with a target of 5.70. In a matter of one week, the GBP/PLN pair hit a high of 5.7460, before falling sharply

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Loonie turns bullish as crude oil consolidates around $50

Almost a week before the announcement of the Brexit referendum results, the CAD/JPY hit a 4-year low of 76.12. However, it has recovered marginally since then. There is no need for an extensive research to understand that the actions of

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New Zealand dollar to fall on low inflation concerns

The outcome of two surveys indicating a lead for the ‘Remain’ campaign triggered a rally not only in the Pound but also in other risky assets such as the Aussie and the Kiwi dollar. The past three days saw the

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Zloty weakens on Polish Minister’s conservative statement

The last few days saw the Pound consolidating against the Polish Zloty. That looks contrasting in the sense that Pound is on a downhill against almost all other major currencies. From a low of 5.4881, the GBPPLN currency pair touched

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Euro to decline on Brexit fears

Last Friday, a series of positive economic data propelled the Euro against most of the currencies, including the Mexican Peso. Furthermore, the weakness in the US dollar, which shares an inverse correlation with the Euro, indirectly contributed to the strength

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