Usd/Cad made a pull-back in recent sessions as expected towards the previous wave (iv) support, shown around 0.9650. From there, pair found the BID as risk-off trade took place yesterday during the US session. In fact, an upward reaction from the most recent 0.9654 swing shows impulsive personality, which is the most important evidence of … “Higher Usd/Cad Driven By Lower Oil prices”
Month: June 2011
Leverate Launches Second Version of CRM for Forex Brokers
The provider of software solutions for brokers, Leverate, introduces a second version of their CRM tool for forex brokers. Enhanced reporting, sharing and management capabilities were added. I’ve previously reported about Leverate’s MT4 iPhone application, as well as their product for integrating binary options on MT4. All the details about their new CRM software for … “Leverate Launches Second Version of CRM for Forex Brokers”
Euro Gains as EU & ECB Supports Currency
The comments of Germany’s Chancellor Angela Merkel about commitment of the European Union members to support the euro helped the currency to rise today. Merkel said that Germany is ready to support the European currency and voiced her opinion that there is no problem with the euro itself, but rather with some EU members: We donât have a euro problem in Europe. We have more of a debt problem. Financial markets … “Euro Gains as EU & ECB Supports Currency”
South African Rand Climbs vs. Dollar on Greece’s Bailout
The South African rand jumped today against the US dollar as Germany’s Chancellor Angela Merkel confirmed that the European Union is committed to support the stability of the euro. Merkel said that Germany is committed to preserve the monetary unity and the shared 17-nation currency even as Greece struggles to avoid a sovereign default. The euro often influences rand as the European currency is involved in most of South Africa’s trade. The poor economic data from … “South African Rand Climbs vs. Dollar on Greece’s Bailout”
USD/JPY and USD/CAD Technical Analysis
USDJPY: Vulnerable Within Consolidation Range. USDJPY: The pair reversed its Tuesday gains on Wednesday and continues to look vulnerable. However, as long as USDJPY continues to hold above the 80.33/15 levels, risk of a return above the 82.21 level, its May 24’2011 high is likely. A cut through that level will call for further strength … “USD/JPY and USD/CAD Technical Analysis”
The impregnable Swiss franc
Festering doubts concerning the strength of the recovery in major advanced economies such as the US, Japan and the UK are contributing to further strength in the impregnable Swiss franc. Indeed, the Swiss economy continues to deliver positive surprises, as was reaffirmed yesterday. The latest SVME PMI was much stronger than expected last month at … “The impregnable Swiss franc”
Australian Dollar Weakens on GDP & Trade Balance
The Australian dollar fell against the euro and fluctuated after dropping versus the US dollar and the Japanese yen as the negative impact of the declining GDP and traded balance surplus overshadowed the positive influence of the growing retail sales. The Australian retail sales (seasonally adjusted) grew 1.1 percent in April, following the decline by 0.3 percent in March. The gross domestic product contracted 1.2 percent in the first quarter of 2011 after it expanded 0.8 percent in the fourth … “Australian Dollar Weakens on GDP & Trade Balance”
Swiss Franc at Record vs. Dollar & Euro
The Swiss franc jumped to the record price against the US dollar and the euro as the signs of stalling global recovery made traders seek safety, drawing them to Switzerland’s currency. US employers added only 38,000 jobs in May, according to the report of Automatic Data Processing Inc., compared to the April change of 177,000. The Purchasing Managers’ Index of the Institute for Supply Management slipped to 53.5 in May from 60.4 in April. China’s PMI went down from … “Swiss Franc at Record vs. Dollar & Euro”
GBP/JPY and EUR/USD Technical Analysis
GBPJPY: Maintains Recovery Tone GBPJPY – The cross remains biased to the upside on a corrective recovery breaking and closing slightly above the 134.01 level, its May 11’2011 high on Tuesday. Though it continues to retain its recovery tone triggered from the 130.25 level, it requires a convincing break and hold above the 134.01 level … “GBP/JPY and EUR/USD Technical Analysis”
USD/JPY: Trading the US jobless claims Jun 2011
The weekly US jobless claims always move the markets. In this specific case, it is the last hint before the Non-Farm Payrolls, which are unlikely to be cheerful. Here are the details, and 5 scenarios for USD/JPY, which is a more sound option in the current risk averse environment. Published on Thursday at 12:30 GMT. … “USD/JPY: Trading the US jobless claims Jun 2011”