IC Markets

Aussie Dollar To Remain Bullish due to Strong Economic Data 0

In December 2017, Australian Dollar turns bullish against G10 currencies. Particularly, the currency hit one and a half month high figure of 86.84 against Yen and one-month high figure of 0.7680 against Greenback. The Kiwi Dollar fell to the one-month

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Greenback Turns Weak against Euro and Pound 0

The soft GDP growth outlook issued by Fed and weak US core inflation data has made the Greenback turn bullish against Pound and Euro. The Euro and Pound continue to remain strong against US Dollar after 1.1% monthly growth in

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Ramaphosa’s Win in ANC Election Strengthens Rand 0

Yesterday, Cyril Ramaphosa, who is the Deputy President of African National Congress emerged as a winner of the nail-biting party leadership election against ANC MP Nkosazana Dlamini who happens to be the ex-wife of Jacob Zuma. This, in turn, has

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Poloz’s Hawkish Speech Increases Odds of Another Rate Hike 0

Stephen Poloz, the Governor of Bank of Canada, has surprised the market on Thursday by delivering an upbeat statement regarding country’s economy. The Governor had given a hawkish comment last week about the interest rate. Things took an unexpected U-turn

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Pound Turns Weak after Delayed EU UK Talks 0

Yesterday, the market was optimistic that the leaders of the European Union would go ahead with their trade talks with the United Kingdom and their future relationship. The statements made at the end of Brussels Summit acknowledge there has been

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Stronger Euro makes EUR/USD to Remain Bullish in Short Term 0

As expected, the US Federal Reserve has raised the interest rates on Wednesday. But, the US Dollar was unable to move against its opponent currencies. In fact, Greenback falls against EUR/USD, and analysts had pointed out two reasons. First of

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Significant Decrease in Banks Relocation due to Brexit 0

Some financial analysts and market gurus had predicted that banks and other financial institutions would be relocating to other parts of the world rather than London due to Brexit. All these speculations have now debunked as there has been a

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Fed Raised Rates by 25 bps with Revised Economic Forecasts 0

Recently, a meeting took place between the members of US Federal Open Market Committee (FOMC) on Tuesday and Wednesday to set the monetary policy. When the meeting concluded, the committee released its policy statement, revised the economic forecasts and “dot

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UK Inflation Rises Above 3% for the First Time in Five Years 0

For the coming few days, traders can expect the Brexit news to lose a little bit of heat because the market is shifting its focus to the wage data in the United Kingdom. The UK wage data would be announced

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Adrian Orr Appointed as New Governor of RBNZ 0

Adrian Orr has been recently selected as the new Governor of RBNZ (Reserve Bank of New Zealand). The appointment was confirmed by Grant Roberson who is the Finance Minister of New Zealand. Mr Orr was earlier holding the post of

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