Greenback looks to recover Some analysts and experts believe that oil will uplift the price of the gold. We must watch out for the crude oil-gold performance henceforth. Mike McGlone, Commodity Strategist for Bloomberg Intelligence recently stated that “Oil broke down below $50 a few weeks ago and that has been directly influencing higher gold […]

Read More

NZD to Drop The Reserve Bank of New Zealand (RBNZ) held the OCR at a low value of 1.75%. We expect the markets to remain unaffected due to this. The RBNZ’s Monetary Policy Statement (MPS) for February kept the OCR at the same rate without any change. The Governor made sure that every risk arising […]

Read More

XAU/USD Greenback to make a comeback Minneapolis Federal Reserve Bank President Neel Kashkari mentioned about the key points he made last week, condemning the recent FOMC decision to move ahead with its targeted increase in the federal funds rate. Also, he expressed concerns over the space between key economic indicators and the goals of the […]

Read More

Aussie to Decline Although Australia’s inflation pattern showed a stronger growth, the inflation rates dropped down in March. Based on these patterns, the policy makers will device inflation measures accordingly. The Reserve Bank of Australia (RBA) slashed interest rates multiple times last year as inflation fell to lows. The RBA has held its cash rate […]

Read More

NZD Rises against the Yen Statistics New Zealand said that the Gross Domestic Product (QoQ) came at 0.4% and went below expectations (0.7%) in the fourth quarter following an increase of 0.8 percent in the September 2016 quarter. New Zealand’s Gross Domestic Product (YoY) came at 2.7% and went below expectations (3.1%) in fourth quarter. […]

Read More

New Zealand Moves Higher Statistics New Zealand said on Wednesday that the current account deficit came up to NZ$1.599 billion in the fourth quarter of 2016. Apart from the primary income, the secondary income went up by NZ$236 million to an excess of NZ$68 million. The services surplus increased went up by NZ$174 million to […]

Read More

Greenback to Recover Following last week’s correction to the US dollar and its reaction to the nonfarm payrolls data, the Federal Reserve policy meeting will be the main focus this week. The latest statement will be released along with FOMC issuing its latest economic forecasts and individual interest rates from committee members. Federal Reserve Chair […]

Read More

Pound Finds Support UK Prime Minister Theresa May is all set to give out exit talks by the end of the month. The effect of the talks might shape Britain’s future in the economic and political forefront. Ahead of the speech on Tuesday, the lawmakers feel that there should be a backup plan as there […]

Read More

Canadian Dollar May Rise Canadian industries went up from 81.6% in the previous quarter to 82.2%. The main source of an upsurge in the capacity utilization rate came from the mining and quarrying industry. The capacity utilization rate of the mining and quarrying industry rose by 5.0 percentage points to 73.9%. The capacity utilization rate […]

Read More

NZD Continues to Decline Reserve Bank of New Zealand’s Governor Graeme Wheeler feels that a weaker Kiwi would counterbalance the global uncertainties. The Kiwi continues to weaken after the Reserve Bank of New Zealand’s meeting last month where it maintained steady cash rates at 1.75% and stated that there will be not be any change […]

Read More