Canadian employment data was slightly better than expected. This was the hay that broke the camel’s back – after a week of struggle, USD/CAD finally broke 1.02 and heads down to parity. Canada’s employment figures surprised analysts for a second month in a row. Contrary to last month’s huge surprise, the numbers were only slightly … “USD/CAD Breaks Support Line on Jobs – Road to Parity”
Month: March 2010
Who Can Stop the Loonie?
The loonie ended this Thursday posting an amazing result of 10 straight days of advance versus its U.S. counterpart and also gaining versus multiple important currencies as risk appetite has been favoring markets with significant influence on the Canadian dollar. High volatility marked this Thursday’s session for the Canadian dollar, as bad events in China and the U.S. declined appetite among traders for riskier bets in foreign-exchange markets, but in the intraday comparison … “Who Can Stop the Loonie?”
Inflation Outlook Fuels Demand for British Pound
The British pound gained versus currencies from its main trading partners as odds that inflation will rise in the United Kingdom spurred demand for assets in the country, as it could lead to a series of interest rates by the Bank of England. British consumers predicted an inflation rate of 2.5 percent in a yearâs time as a report signaled today, and this higher than previous revised data allowed the pound to revert a losing streak versus important currencies … “Inflation Outlook Fuels Demand for British Pound”
AUD/USD Strong After Job Figures
Despite unexciting job figures from Australia, the Aussie held the higher range it broke to earlier this week. The strength continues. Here’s an update on AUD/USD. Only 200 jobs were gained in Australia in the month of February. This fell short of expectations that stood on 15,700 jobs. Australia’s Unemployment Rate remained unchanged at 5.3%, … “AUD/USD Strong After Job Figures”
NZ Dollar Down on Rates Dovish Comments
After gaining for two consecutive days versus important currencies like the euro and the U.S. dollar, the kiwi currency didn’t manage to sustain its trend after central bankers in the country affirmed that lack of economic improvements in the South Pacific nation will delay interest rate hikes. A reasonably high amount of optimism had been influencing currencies tied to growth to advanced in currency markets until this Wednesday, but as markets opened … “NZ Dollar Down on Rates Dovish Comments”
Yen Reverts Losing Trend on Domestic Speculations
The yen started this Thursday’s session in Asia gaining versus currencies regionally and globally, on speculations that local investors are repatriating capital before the Japanese fiscal year ends in the following weeks. Speculations that Japanese exporters are buying the national currency before the fiscal year end in Japan allowed the yen to gain versus virtually all of the 16 main traded currencies in the beginning of the Asian session this Thursday, after general … “Yen Reverts Losing Trend on Domestic Speculations”
EUR/USD – Bullish Hints Inside the Range?
EUR/USD is trading in a range for over a month. While the long term trend is bearish, some bullish hints can be found within this range. Since February 4th, EUR/USD plunged into a range between 1.3423 to 1.3850. At the beginning the trend in the hourly charts was negative. On February 19th, the bottom line … “EUR/USD – Bullish Hints Inside the Range?”
Canadian Dollar Keeps Uptrend on Growth
The Canadian dollar had an amazing eighth day of consecutive gains versus its southern counterpart as currencies tied to growth profited from another session of optimism in commodities and equities markets, allowing the loonie to remain bullish. A crude oil rally is allowing the loonie to post a sharp winning streak versus the greenback, the longest in 5 years, which set the Canadian dollar to the highest level in almost two months versus its U.S. counterpart, … “Canadian Dollar Keeps Uptrend on Growth”
Asian Economy Affects Yen’s Price
The Japanese yen had a negative performance this Tuesday versus most of the Asian and South Pacific key-currencies as evidences suggest that commodity producer countries in the region, as well as emerging markets, are likely to outperform the Japanese economy this year, affecting the yen as well. Several events are leading traders to believe that Japan’s lack of dynamism in its economy is likely to impact the yen’s performance this year, as other important economies … “Asian Economy Affects Yen’s Price”
Video Weekly Outlook
In the weekly video outlook on Forex TV, I spoke with Julie Sinah about range trading currencies, the economic indicators and expected breakouts. Enjoy! Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Get the 5 most predictable currency pairs