12 March, 2015 by Aayush Jindal in Market Analysis
New Zealand dollar managed to gain traction recently after the RBNZ interest rate announcement.
RBNZ Interest Rate Decision was announced by the Reserve Bank of New Zealand in which the central bank kept the interest rate unchanged at 3.5%.
NZDUSD surged higher and broke the 0.7280 resistance area.
EURUSD continues to fall and traded as low as 1.0510.
10 March, 2015 by Aayush Jindal in Market Analysis
US dollar continued to gain strength and even stronger than expected Chinese consumer price index failed to lift the risk sentiment.
Chinese Consumer Price Index was released by the National Bureau of Statistics of China, which posted an increase of 1.2% in February 2015, compared to the preceding month.
In terms of the annual change the Chinese CPI climb...
09 March, 2015 by Aayush Jindal in Market Analysis
US dollar busted higher against the Swiss franc after positive job’s report this past week.
USDCHF is testing a key resistance area around 0.9880-0.9900.
US Labor market conditions index which is a primary source of common variation among 19 labor market indicators will be released today.
Japanese Gross Domestic Product was released by the Cabinet Off...
06 March, 2015 by Aayush Jindal in Market Analysis
US dollar continued to surge higher against most major currencies, including the Japanese yen.
EURUSD made a new yearly low recently, which signifies strength of the US dollar.
USDJPY climbed above the 120.00 level and gained momentum.
US Nonfarm Payrolls and unemployment rate will be released today by the US Department of Labor.
Japanese Leading Econ...
05 March, 2015 by Aayush Jindal in Market Analysis
Euro nosedived not only against the US dollar recently, but also weakened a lot against the British pound.
Today, the ECB Interest Rate Decision will be announced by the European Central Bank in which easing measures is likely to cause a lot of action in the Euro pairs.
BoE Interest Rate Decision will also be announced by the Bank of England in which cent...
04 March, 2015 by Aayush Jindal in Market Analysis
Currencies such as the New Zealand and the Aussie dollar were seen trading higher against the US dollar.
Chinese HSBC China Services PMI was released by Markit Economics, which registered a healthy reading of 52.0 compared to the last reading of 51.8.
In Japan, the Services Purchasing Managers Index (PMI) was released by Markit Economics, which registered...
03 March, 2015 by Aayush Jindal in Market Analysis
US dollar continued to gain strength against the Canadian dollar, and looks set for more gains moving ahead.
Canadian Gross Domestic Product will be released by the Statistics Canada later today, which is expected to increase by 2% in the fourth quarter of 2014, compared to Q4 2013.
In Australia, the RBA Interest Rate Decision was announced by the Reserve...
02 March, 2015 by Aayush Jindal in Market Analysis
Australian dollar suffered losses recently against the US dollar and cleared an important support area.
Australian AIG performance of the Mfg. Index was released by the Australian Industry Group, which registered a decline from 49 to 45.4.
Australian Company Gross Operating Profits released by the Australian Bureau of Statistics declined by 0.2% in the fo...
27 February, 2015 by Aayush Jindal in Market Analysis
Japanese yen was seen trading lower against most major currencies after a few critical releases in Japan.
Japanese National Consumer Price Index published by the Statistics Bureau registered a rise of 2.4% in January 2015, which is the same as the last reading of 2.4%.
Japanese National CPI Ex Food, Energy increased by 2.1% in January 2015, compared to sa...
26 February, 2015 by Aayush Jindal in Market Analysis
Euro buyers managed to gain traction against the US dollar, but awaits key releases in the Euro zone for further action.
German Unemployment Change report will be published by the German Statistics Office, which is expected to register a reading of -10K.
Euro zone Consumer Confidence will also be released by the European Commission, which is expected to r...