Major Currencies Forecast Based On Artificial Intelligence: 75% Hit Ratio
3 working days currency forecast from March 10th to March 14th, 2016
I Know First’s unique algorithm predicts the movements of currency pairs by analyzing past data and identifying current trends. Below are the most recent pairs of past forecasts and the actual forecast results.
3 working days currency forecast from March 10th to March 14th, 2016
14 days EUR USD forecast from February 28th, 2016 to March 13th, 2016
Brazil has seen tumultuous times in the last year. The country is facing a deep recession, downgrades from rating agencies, bleak unemployment rates, a huge fiscal deficit, and political unrest. Yet, in recent weeks, the real has appeared to be on an upward swing. There are a few contributing factors, but political turmoil seems to be the biggest component to the currency’s rise.
Even though, we have seen in the past years the weakening of the Aussie Dollar, this is due to various factors some being related to their industrial production for export and domestic use which has diminished in the past few years.
Economists are watching closely to see how China will address the devaluation of the country’s currency as any action taken could have global repercussions.