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    Gradual Appreciation of Taiwan Dollar Likely, Says Research Group, and Stormy Waters Possibly Ahead for Emerging Market Currencies

    The team at BMI Research – part of the Fitch group of companies – are maintaining their “slightly bullish” short-term view on the Taiwan dollar, mainly on technical grounds. Over a longer-term, analysts at the firm are also positive on the Taiwanese currency, believing in a “gradual appreciation”, based upon a solid fiscal outlook in... View article >
    Currency:
    Posted on 27 April 2017 | 3:46 am GMT
    Author: Joel Wright

    Markets Cautious Ahead of Trump Tax Plan

    The FX majors took a breather overnight as they awaited President Trump to unveil his tax proposals. The plan is rumoured to include a cut in corporate tax rates to 15% and a 10% tax on foreign profits. A cut in the foreign profit tax rate could spike US dollar demand as US corporations take... View article >
    Currency:
    Posted on 26 April 2017 | 11:05 am GMT
    Author: Agility Forex

    Pound Sentiment Mixed Following Borrowing Figures

    Sterling GBP/USD 1 Week Chart The Pound (GBP) surged against its commodity related peers this morning, but saw itself fall against its more stable rivals, the Euro (EUR) and US Dollar (USD). Markets reacted with trepidation to yesterday’s Public Sector Borrowing data as while it came close to Chancellor Philip Hammond’s budget target for the... View article >
    Posted on 26 April 2017 | 10:15 am GMT
    Author: TorFX

    Aussie Falls on CPI Miss and Hong Kong Dollar Slide Continues, Now at Fourteen-Month Lows

    Within the past hour, the Australian dollar has fallen sharply following weaker than expected CPI data. Figures from the Australian Bureau of Statistics show that consumer prices grew 0.5% in the first-quarter of 2017 and at an annualized rate of 2.1%. AUD/USD fell from 0.7539 to 0.7508 on the news and, as of writing, trades... View article >
    Currency:
    Posted on 26 April 2017 | 3:16 am GMT
    Author: Joel Wright

    Trump Whacks Loonie with Softwood Lumber Stick

    President Trump took a soft-wood lumber stick and whacked the Loonie upside the head. The US is imposing a 20% counter-vailing duty on Canadian softwood lumber imports.  And the Canadian Dairy industry is in the cross-hairs. For President Trump, the Canadian Softwood lumber and Dairy industries are easy wins for the man promoting” Fair Trade,... View article >
    Posted on 25 April 2017 | 12:49 pm GMT
    Author: Agility Forex

    Pound Gains against Commodity-Correlated Peers

    Sterling GBP/USD 1 Week Chart The Pound (GBP) struggled to push higher against its main rivals on Monday as investors’ attention was on the Euro following the first round of French elections. A report from the Confederation of British Industry (CBI) on UK Business Confidence also applied some downward pressure on Sterling yesterday as the... View article >
    Posted on 25 April 2017 | 8:22 am GMT
    Author: TorFX

    Yen to Weaken Against US Dollar in Coming Months, Says Citi Bank, and US Protectionism Begins with Trump’s Canadian Lumber Tax

    In their latest weekly foreign exchange report, US giant Citi Bank have predicted a rise to 118.0 in USD/JPY in the coming 6-12 months, representing a 7% fall in the dollar buying power of the yen. The yen will depreciate against the dollar as US Treasury yields rebound following future announcements on US fiscal stimulus... View article >
    Currency:
    Posted on 25 April 2017 | 3:56 am GMT
    Author: Joel Wright

    Euro Soars on French Vote

    EURUSD gapped higher at the Asia open. News that Emmanuel Macron defeated Marine Le Pen in the French presidential election on April 23 lifted the single currency from Friday’s New York close of 1.0700 to 1.0934. That move triggered a price gap in USDJPY which popped to 110.62 from 109.06., leaving a large gap between... View article >
    Posted on 24 April 2017 | 12:26 pm GMT
    Author: Agility Forex
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