Pound Turns Weak after Lack of Consensus on Brexit Bill
In one of our previous blog posts, in 2017, we had predicted downgrade in the GBP/NZD currency pair. We had also recommended traders to open a LONG position near 1.8860 and purchase a CALL option. After one week, the currency
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EUR/NZD Uptrend to Continue in Near Future
In our currency report dated February 2, 2018, we have speculated in the decline of the EUR/NZD currency pair from 1.7050 levels. Also, we recommended traders regarding opening a short position in spot FX market. Apart from that, we also
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Decline in Core Machinery Orders Turns Yen Weak
For the most of October 2017, the USD/JPY currency pair had been trading in the range bound. The currency pair was in the narrow range of 113.20 and 114.20 due to tensions between the USA and North Korea, mixed economic
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Australian Dollar Turns Bullish on RBA’s Positive Outlook
The Euro-Dollar has been declining since 25th October 2017 against its rival currencies. This downtrend began after ECB revealed its tapering plan, which includes continuing with the low-interest rate for an unknown time. The decline in Euro Dollar was further
Read MoreGBP/NZD Pair Rally after Rate Hike by BoE
The GBP/NZD currency pair has been on the uptrend since October 15 where it has gained 1,000 pips to reach 1.9330 levels. Pound signals uptrend after a rise in inflation due to the rate hike announced by the Bank of
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3.1% GDP Growth in Q3 Makes Greenback Stronger
In our report published on January 8, 2018, we had forecasted the US Dollar to rally against the Yen due to inflation data and strong retail sales. Additionally, we also recommended our traders to purchase a LONG position in USD/JPY
Read MoreStrong Economic Data Supports EUR/JPY Rally in Current Week
In our report published on December 28, 2017, we had predicted the EUR/JPY currency pair to decline and recommended traders to open a short position near 132.60 levels. We also advised traders to buy a put option to make a
Read MoreEuro Turns Weak after a Dovish Stance by ECB
In the past week, the EUR/NZD currency pair rose by 500 pips to trade at 1.7040 levels. The New Zealand Dollar turned weak due to drop in the dairy products price. On the other hand, Euro was on the uptrend
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Bank of England’s Rate Hike Anticipation Makes Pound Bullish
The Pound has once again turned weak against Greenback in the middle of September 2017 due to drop in the index of Industrial Order Expectations and deadlock in Brexit talks. The drop in GBP/USD currency pair was further due to
Read MoreUSD in a Strong Position due to Great September Retail Sales
In the first week of September 2017, Greenback was able to gain momentum against Yen and other major G10 currencies. It was because of the expected Fed rate hike in December. The US Dollar was also able to push up
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