Forex News

Pound Turns Weak as Conservatives Lose Grip on UK

  The Canadian dollar was hardly affected by the weak economic data reported last week by Statistics Canada. The inflation rate of 0.4% m-o-m in April missed analysts’ estimates of 0.5%, while the retail sales declined 0.2% m-o-m in March,

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Pound Signals Uptrend on Strong Retail Sales Data

Among G10 currencies, the Euro dollar was a clear winner last week. The victory of pro-EU leader Emmanuel Macron in the French election and annual inflation of 1.9% in the Euro zone propelled the Euro against its rivals. Even the

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Strong Q1 Retail Sales, Dairy Prices Keep Kiwi Bullish

  On April 24th, we had advised Forex traders to open a long position in the NZDJPY pair near 76.90, and book profit at about 78.40. A call option valid for a period of one week was recommended for binary

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Greenback Remains Weak on Soft Core Retail Sales

  On the basis of poor US unemployment data in March and the inability of the Republicans to repeal affordable care act, on April 12th, we had forecasted the Greenback to decline against the Euro. In this regard, we had

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German Factory Orders, Macron Win Keep Euro Bullish

  To the surprise of several market participants, the outcome of the French election pushed the Euro lower against several major currencies including the Aussie. The main reason for the decline is the market had already priced in a victory

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Franc Signals Downtrend as EU Political Uncertainty Fades

  On April 26th, we had recommended taking a long position in the CHFJPY pair near 111.20, with a target price of 113.40. To binary traders, we had suggested investing in a call option expiring in one week. As forecasted,

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Strong Retail Sales Growth Turns Swiss Franc Bullish

  In anticipation of a huge boost to the US economy from the Trump’s tax reform, the USDCHF was consolidating at 0.9930 levels, after declining from a high of 1.0110 reached in early April. Even the poor first-quarter GDP data

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Pound Signals Downtrend on Rise in Government Borrowing

  Earlier this month, the Pound rallied against its rivals, mainly due to the snap election announced by the UK’s Prime Minister Theresa May. In particular, the GBPJPY pair rallied about 800 pips to record a high of 144.50. While

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Yen Weakens as Uncertainty Over French Election Decreases

  In the past few weeks, the Yen was in great demand due to two main reasons. Firstly, it was the rise of nationalist parties and ultra-left candidates in the French election. The second reason is the large scale short

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Strong Rise in Dairy Prices Turns Kiwi Dollar Bullish

  The New Zealand dollar was a notable gainer against the Yen last week. Strong inflation data from New Zealand pushed the Kiwi dollar upwards. On the other hand, narrowed trade surplus in March turned the Yen weaker. The NZDJPY

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