Forex News

Euro Signals Uptrend on Signs of Economic Recovery in EU

  The Euro was pushed lower against its rivals when Mario Draghi, the President of the ECB, announced an extension to the quantitative easing program in December 2016. One of the currencies which immediately strengthened following the announcement was the

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Pound Signals Uptrend on Rise in Manufacturing Activity

  The UK economy posted a 30-month high manufacturing PMI reading of 56.1 in December. However, Brexit related concerns overshadowed the positive economic data and pushed the Pound lower against most of the top ten traded currencies including the Swiss

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Soft Industrial Growth and Unemployment Drag Euro Downwards

  The rise of the US dollar in the last two months of 2016 – following the victory of Donald Trump in the US Presidential election and the Fed’s outlook of three rate hikes in 2017 – pushed the Japanese

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Loonie Rises on Positive Trade and Employment Figures

  The implementation of crude oil production cut by OPEC and other oil producing nations, and general perception about the Greenback as an overbought currency pushed the USDCAD lower to 1.31767 in the first week of January 2017. While some

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Pound to Strengthen on Talks of Transitional Brexit Deal

  The overwhelmingly positive FOMC statement in December, indicating the probability of three rate hikes this year, triggered a rally in the US dollar, against its rivals. The opportunity was immediately used to hammer British Pound, which has been reeling

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Aussie Strengthens on Impressive Unemployment Change Data

  Last week, the US Fed’s statement pointing out the possibility of three rate hikes next year strengthened the US dollar against its rivals. Even the Aussie, which is considered to be a strong commodity currency, was unable to withstand

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Cisco Turns Weak on Losing Legal Battle Against Arista

  Considering the lacklustre second-quarter earnings guidance given by the networking hardware and telecommunications equipment manufacturer Cisco Systems Inc (NASDAQ: CSCO), on November 20th, we had recommended investing in a put option with a target price greater than $29. The

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Pound Rises on Hopes of Interim Deal with EU

  Currencies across the board fell against the US dollar on last Wednesday, soon after Janet Yellen, the US Fed Chair, announced a 25 basis point rate hike. The Fed’s statement indicating the possibility of up to three rate hikes

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Total Signals Weakness as Oil Struggles to Hold Above $50

  The stock of integrated oil and gas company Totalfinaelf S.A (NYSE:TOT) recorded a high of $50.75 on Wednesday. The announcement of a production cut by the OPEC members and the investors’ expectation of better refining margins for the company

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Canadian Dollar Remains Weak on Housing Bubble Concerns

  On November 30th, we had forecasted a decline in the USDCAD pair and had recommended going short at 1.3450 levels, with a target of 1.3250. To binary traders, we had suggested investing in a low or below option contract

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