Hello traders! Here are the latest Forex charts and the analyses. Check the latest news concerning the currency pairs and provided comments before making the next move. EURRUB The Russian central bank joined its fellow BRICS member Brazil in raising the benchmark interest rate. The rate is now sitting at 4.50% or 25 basis points …
EURCAD Both Canada and the European Union have positive data from their recent reports. Consumer price index (CPI) from Germany has slowed down to 0.7% in February from 0.8% in the month prior. This will ease investors’ concern over rising inflation in Europe. Industrial production in the Eurozone is also up by 0.8% in January, …
USDCZK The USDCZK pair will continue its rally this week, which started at the second half of February 2021. The catalyst driving the US dollar higher is the proposed $1.9 trillion economic aid by President Joe Biden. On Saturday, March 06, the US Senate passed a ratified version of the bill. House Speaker Nancy Pelosi …
USDRON Investors and traders’ attention were all centered around the US equity market. The S&P 500, Nasdaq 100, and Dow Jones 30 edged higher on Monday’s trading, March 01, by 2.38%, 2.89%, and 1.95%, respectively. The upbeat data was due to the US House of Representatives approval of the $1.9 trillion relief package by President …
NZDJPY New Zealand’s economy was boosted by the S&P Global ahead of RBNZ’s interest rate decision. The credit rating agency upgraded foreign currency issued sovereign debt from AA to AA+. Meanwhile, the upbeat performance of the New Zealand dollar against quoted currencies led to the AAA rating for local currency issued sovereign debt from AA+. …
EURJPY The Eurozone risks a double-dip recession as the second reading for Q4 GDP is expected to post a decline of -0.7%. The bleak forecast is due to the resurgence of coronavirus in Europe in mid-October along with the discovery of the UK COVID-19 variant in December. The pessimistic outlook was further worsened by Monday’s …
EURRUB Russia’s economy is destabilizing from within. A recent news from Moscow suggests that the government is planning to inject $6.7 billion into the economy. This was amid the protests in the country due to growing discontent to Vladimir Putin’s pandemic response. In addition to this, Russia is battling high inflation rate. For January’s report, …
NZDCAD Canada’s economy grew by 0.7% in November, which beats the previous record of 0.4%. Despite this, however, the 2020 annual GDP shank by -5.1%, the largest recorded contraction in Canada’s history. In addition to this, several key reports still point out the weakness for the North American country. Budget Balance report for the same …
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