Upbeat in unemployment report favors Kiwi

The favorable unemployment report seems to support the New Zealand dollar against the greenback. The jobless rate of New Zealand in the three months ended March fell to 4.7 percent from 4.9 percent in the previous quarter, and compared with forecasts of 5.6 percent. The participation rate increased to 70.4 % from previous record of [...]

Britain seek to agree decisive action from G7

British government on Tuesday seek to agree decisive action from G7 partners to protect democracies against global threats like those posed by China and Russia. In the second day of Hosting in the foreign ministers' meeting in London designed to lay the groundwork for a leaders' summit in June, Raab will lead talks among the [...]

Moody’s outlook for US GDP supports greenback

The dollar climbed on Monday due to recent news supporting the greenback. As per the recent summary from the global rating giant Moody’s, US economic growth is likely to accelerate further and pose “the strongest two years of growth since 1950-1951 at the height of the post-World War II economic boom.” The analysis expects 7.0% [...]

EUR/USD Weekly Forecast (03rd May 2021 – 07th May 2021)

Fundamental view: The Euro rallied in the past week and reached April highs after the US Federal Reserve announced its monetary policy decision but was unable to sustain gains and finished the week flat a handful of pips below the 1.2100 level. The central bank of US maintained its monetary policy unchanged as widely anticipated by [...]