August 2017

Let's start with the Euro today and then, you might want to read about Italy’s possible innovation, which can be the next big thing in Europe and the world. Earlier this week, the Euro shocked the banks around the world, rising well above…

The New Zealand Dollar fell overnight in response to comments made by RBNZ governor Wheeler who said that: “A lower New Zealand dollar is needed to increase tradables inflation and help deliver more balanced growth.” The RBNZ governor…

Summary: The dollar extended sharp declines against a basket of six major rivals as the world’s largest economy was hit by big natural disaster after Houston devastated by tropical storm Harvey. The buck went down towards its monthly…

USD/JPY consolidated within the downtrend channel The pair has now approached the resistance line of this channel and we are soon to see a breakthrough to the either side. Tokyo CPI for August was encouraging: inflation accelerated from…

GBP/USD made another break to the downside It fell below the 100-day MA (1.2875) and 1.2850 and hit a near-two-month low. The outlook for the British pound is still clouded by concerns about Brexit risk and economic fundamentals. Data…

EUR/USD kept trading near the benchmark line of 200-week MA (1.1760) The euro continued its consolidation and stayed within a narrower range. ECB President Mario Draghi avoided giving any clues on the European Central Bank’s current…

US Dollar Index (DXY) continued consolidation Recent releases weren’t very optimistic: manufacturing PMI and home sales both declined. Donald Trump threatened to shut down the US government over funding for a border wallon Wednesday. The…

Copper Prices Continue To Surge Despite Bearish Forecasts The red metal continued its expansion higher this week, surging to fresh four-year highs with gains on the year now more than 19%. As global growth continues to strengthen, demand…