Forex News

Greenback Strengthens on Signs of Possible US Tax Reforms

  In our September 4th report, we had forecast a rally in the AUDUSD pair. We had also mentioned our interest to open a long position in the currency pair 0.7940. Additionally, our desire to invest in a call option

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Irma to Boost Demand for Construction Materials in US

  The aggressive actions of Pyongyang had little negative impact on the USDJPY pair’s bullish rally last week. The Yen is usually one of the most sought after assets when there is a rise in global uncertainty. However, it was

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Strong Housing Starts Data Keeps Canadian Dollar Bullish

  Following the unexpected rate hike announced by the Bank of Canada last week, the Canadian dollar rallied against the G10 rivals, including the Yen. Even the thermonuclear fusion weapon test by North Korea did not deter the Canadian dollar

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Upbeat Capacity Utilisation Keeps Canadian Dollar Bullish

  On August 14th, we had forecast a rally in the EURCAD pair on the basis of strong French employment data and short-term bearishness in the price of crude oil. Furthermore, we had mentioned our plan to open a long

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Construction Data, Brexit Uncertainty Keeps Pound Bearish

  The uncertainty caused by Brexit pushed the Pound lower against other major currencies in August. Even though the Aussie was under pressure due to Pyongyang’s aggression, still, it managed to climb against the Pound. Since August 3rd, the GBPAUD

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Aussie Remains Bullish on Strong Construction Data

  Range bound movement in iron ore prices and escalated tensions between North Korea and the US had kept the Australian dollar weak against most of its G10 rivals, including the US dollar, in early August. However, in the past

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Pound Up on Boris Johnson’s Brexit Bill Concession

  The GBPJPY pair had been on a decline over the past two weeks. The geopolitical tension between North Korea and the US increased the demand for safe haven assets such as gold, Swiss Franc and the Yen. At the

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July Trade Surplus Turns Kiwi Dollar Bullish

  The Euro dollar is on a tear against the Kiwi dollar for the past one month. Since August 1st, the EURNZD pair had gained nearly 800 pips to reach a high of 1.6486 and closed near that level on

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Pound Turns Weak on Uncertainty Over Brexit Issues

  On the basis of a strong US employment data and weak consumer spending in the UK, in our August 9th report, we had forecast the GBPUSD pair to decline from a level of 1.3020. We had also mentioned our

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Kiwi Dollar Strengthens on Strong PPI Data

  The NZDCAD pair has been on a declining note for the past one month. The crude oil rally and interest rate hike by the Bank of Canada supported the strengthening of the Loonie. Likewise, a decline in the average

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