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Get updates on the latest economic news and trends and how it affects currency prices and also commentary from experienced currency traders. Updated weekly. Podcast and weekly newsletter coming soon.

April 16, 2018

Chancellor Angela Merkel's line on the latest Syrian crisis is a smart compromise between domestic stability and loyalty to the U.S.

Former German Defense Minister Karl-Theodor zu Guttenberg has mockingly remarked that the German government's decision to back the U.S., British and French strikes in Syria with rhetoric b...

April 16, 2018

Bank of Canada Governor Stephen Poloz’s cautious approach to interest rates is about to be challenged.

While the central banker is expected to hold off from raising borrowing costs for a second straight policy decision on Wednesday, and retain a degree of prudence in his rhetoric, Poloz will probably face mounting press...

April 16, 2018

EURCAD is trading slowly lower and something similar we can see on GBPCAD. Currently, we are tracking a correction in wave 4, which is trading within two corrective channel lines and approaching some interesting support levels. We are watching these two pairs very carefully and if we get a sharp bounce with five waves,...

April 16, 2018


 

Hong Kong has taken action to support the local currency for the fifth time in less than a week, after the Hong Kong dollar repeatedly slumped to the low end of its permitted trading band.

The Hong Kong Monetary Authority said it had used its reserves to sell US$457m and buy HK$3.59bn on Monday, after the local curren...

April 15, 2018

  • After the airstrikes on Syria early on Saturday, the situation seems contained. 

  • There are growing chances of a relief rally, positive for the USD/JPY.

  • For the USD/CAD, the event is a double-edged sword, but the Canadian Dollar could come out on top.

Early on Saturday morning, US President Donald Trump...

The most punitive U.S. sanctions yet to descend on Russian companies and oligarchs are battering the nation’s assets as the Kremlin scrambles to contain the damage.

In the first trading day since dozens of Russian tycoons and companies were slapped with penalties, Moscow-traded stocks headed for the biggest drop in four...

Mexican Economy Minister Ildefonso Guajardo lowered expectations that the three Nafta nations will reach an initial deal this week, saying instead he sees an 80 percent chance of an agreement by the first week of May.

“We are within weeks of knowing if the Nafta talks close with success,” according to Guajardo, who is i...

April 9, 2018

Canada’s companies remain largely unscathed from policy uncertainty emanating from the Trump administration, with sentiment remaining at elevated levels.

The Bank of Canada’s first-quarter survey of executives showed expectations for future sales have improved, with companies seeing continued signs of capacity constrain...

April 4, 2018

BENGALURU (April 4): Most emerging Asian currencies edged higher on Wednesday as the dollar was shackled by worries that escalating US-China trade tensions could dent global growth and drag on the US economy.

The US currency has lost about 2.2% against a basket of six major currencies so far this year, with trade tensio...

April 4, 2018

JOHANNESBURG, April 4 (Reuters) - South Africa's rand slipped to its weakest in two weeks on Wednesday as heightened concerns over the impact of a trade war between China and the United States hit investor demand for emerging market currencies.

Stocks were also weaker on the day.

At 1525 GMT, the rand traded 0.61 percent...

April 4, 2018

The path ahead looks challenging for South Africa’s rand, if oil prices are anything to go by.

Concern that U.S. President Donald Trump’s measures will trigger a trade war may hamper global growth and weaken demand for oil, according to Nedbank technical analyst Mehul Daya.

“Oil leads the rand,” said Daya. “Sixty percent...

April 3, 2018

Summary

  • The Norwegian economy is steadily recovering from a 2014’s oil slump-induced market shock, with most of the underlying macroeconomic indicators pointing upwards.

  • Despite this fact, and rising oil prices, the Norwegian Krone continues to fall in value versus the European currency with striking pace, reac...

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