Ruble remains strong ahead of OPEC meeting
The Greenback was unable to hold onto the gains made against the Russian Ruble, following the victory of Trump in the US Presidential election. The main reason for this is the recovery in the price of crude oil. It ensured
Read MoreEuro Declines Against Dollar Raising Parity Expectations Again
The recent sustained decline of the euro against the dollar has renewed speculation that the single currency could reach parity with the dollar soon. Over the last two weeks, the euro has dropped 4 percent against the dollar hitting $1.06,
Read MoreUK’s FCA Raps Fund Management Companies For High Prices
UK’s financial regulator Financial Conduct Authority (FCA) has released its interim report on the UK asset management industry, where it has said that lack of proper competition was resulting in investors having to still pay unreasonably high charges. The regulator
Read MoreNew Zealand dollar to rise on strong dairy prices
On October 20, we had suggested taking a long position in the NZD/USD pair at about 0.7200, with a target of 0.7320. The binary traders were advised to invest in a one touch call option. The target was met in
Read MoreUS Dollar Continues To Do Well Against Major Currencies
The recent win by Donald Trump in the U.S Presidential elections has resulted in the dollar surging to an 11-month high. The currency retained its recent upward trajectory on the back of higher U.S. bond yields and expectations of heightened
Read MoreSingapore dollar remains weak on poor Q3 GDP growth
The victory of Donald Trump in the US election has weakened not only the Japanese Yen, but also the currencies of other developed economies in South Asia. The Yen weakened mainly because of the unwinding of leveraged positions by financial
Read MoreIndian PM Announces High-Value Notes Demonetisation
In a sudden move that has taken everyone by surprise, Indian Prime Minister Narendra Modi has announced that currency denominations of Rs. 500 and Rs. 1000 would be not accepted as legal tender starting Nov. 9. He said that this
Read MoreStrong service PMI data keeps Pound stronger
The Pound’s rally against its rivals, including the commodity currencies such as the New Zealand dollar, in the past two weeks was mainly due to the market’s preconceived notion that the negative impact of hard-Brexit is already factored in the
Read MoreHopes of QE program expansion by ECB turns Euro bearish
Better than anticipated Euro zone manufacturing PMI, reported on October 24, enabled the Euro dollar to rally against the major currency pairs including the Japanese Yen. The increasing probability of a Fed hike in December also paved way for the
Read MoreGlobal Investors Concerned About Possible Donald Trump Victory
Democrat Presidential nominee Hillary Clinton looked to be a clear winner at the end of October as she had a strong lead in the polls over her Republican rival Donald Trump. However Donald Trump has managed to close that gap
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