Concerns over Deutsche bank propel Swiss Franc
Lower than anticipated unemployment claims of 254,000 in the week ended September 24, and higher than expected GDP growth of 1.4% in the second-quarter triggered a US dollar rally against its rivals. The anticipation of a US Fed hike in
Read MoreBBA Head Warns Of Banks Leaving London By Early 2017
The chief executive of the British Bankers' Association (BBA) Anthony Browne has warned that top banks could be preparing to leave the United Kingdom (UK) and shift their headquarters out of the country by early next year. Assessing the situation
Read MoreIncrease in dairy prices turns New Zealand dollar bullish
On October 10, we had recommended going short in the NZD/USD pair, near 0.7180. For binary option traders, we had suggested purchasing a one touch put option with a target level above 0.7030. The target was achieved within five trading
Read MoreIndia Starts FCNR Maturity Payouts With Minimal Market Impact
As India gears up to handle one of the most significant financial events of this year, the redemption of $25 billion in foreign currency deposits raised three years ago, market experts have said that any impact on the Indian rupee
Read MoreUS Fed rate hike expectation turns Greenback bullish
From May through September, the poor economic data in the second-quarter of 2016 kept the Singapore dollar weak against most of the major currencies. However, the USD/SGD pair managed to remain range bound between 1.35 and 1.37 levels. The main
Read MoreDeclining Trend in China’s Forex Reserves Continues In September
China’s foreign exchange reserves has dropped for the third straight month in September, worrying industry analysts as the decline was higher than expected. The sharp fall is being attributed to the Chinese central bank continuing to sell dollars to prop
Read MoreStrong retail sales in August keep Aussie bullish
After trading in a narrow range of 0.7030 to 0.7510 for about two years, the AUD/CHF pair seems to be on the verge of breaking out of the upper band. Ironically, the global economy is still in the recovery mode
Read MorePound Sterling Crashes Amidst Renewed Brexit Worries
The sterling dropped to a 31-year low against the dollar as uncertainties over Brexit rose again. During trading earlier in the week, the pound went to as low as $1.2715 after news broke that that the British administration might pursue
Read More
