After USD/CAD reached parity last week, it made a retreat and closed the week higher. This time, the pair went lower, and refuses to run away from parity. If USD/CAD closes the week under 1.0000, it will be set for more losses towards the Canadian rate decision. USD/CAD is now trading around 1, after another … “USD/CAD Feeling More Comfortable with Parity”
Category: Opinions
Aussie Grows with China
China’s GDP was very strong. The currency that benefits the most is the Aussie, which settled above an important line. Update on this strong currency. Growth in China was very strong – an annual rate of 11.9% in the first quarter of 2010. This is better than Q4’s growth of 10.7%, and also better than … “Aussie Grows with China”
GBP/JPY – Another Attempt to Break Higher
The Geppy is enjoying risk appetite and other elements to make another attempt to break higher. Will it make it? Update on the forces moving this cross. GBP/USD enjoyed the weekend gaps to jump over the strong resistance line against the dollar. After slipping back down to the critical level, it got a boost: British … “GBP/JPY – Another Attempt to Break Higher”
It isn’t over – Greece will continue weighing on the
The details of the bailout plan sent the Euro far up on a weekend gap. While the gap isn’t filled, the troubles are far from over, and a new fall can happen anytime. 30 billion euros from the European Union in safety net money were promised to Greece just before the markets opened. This caused … “It isn’t over – Greece will continue weighing on the”
American Indicators, Greece and Gaps in the Video Outlook
On the weekly interview on Forex TV, I spoke with Julie Sinha about technical this week’s major events, the impact of Greece on markets, technical levels of all the majors and where the action is. Enjoy! Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Get the 5 … “American Indicators, Greece and Gaps in the Video Outlook”
Interests Rates: Looking Through the Fed’s Eyes
Guest post by David Leal, Market Analyst – IntegrityFXPlus.com Like any other good, the value of a currency is determined by the forces of supply and demand. However, in currencies the supply of currencies is controlled by the central banks. They are the single most influential entity on a currencies value. So, it is obviously … “Interests Rates: Looking Through the Fed’s Eyes”
What will move the Pound out of range?
The British Pound received good figures today, such as the GDP estimate, but is still bound in a range. Here are 3 things that push it up, three things that push it down, and some thoughts on what will move it away from the range – with the downside seeming more likely. GBP/USD is trading … “What will move the Pound out of range?”
EUR/JPY – Fear sent it off the cliff – More to come?
The forex markets are giving in to widespread fear about the Greek debt. We are seeing a full market reaction – a perfect risk aversive behavior, with one huge loser – EUR/JPY. Will it continue plunging? Growing worries about the never ending Greek debt problems are strongly reflected in the market. I wrote about the … “EUR/JPY – Fear sent it off the cliff – More to come?”
Parity Party for the Loonie
USD/CAD made it to parity. Riding on the dollar’s weakness and rising oil prices, the Canadian dollar matches the US dollar for the first time in 20 months. Where will it go next? The Canadian dollar equals one American one, and even more. USD/CAD dropped under 1.00 for the first time since July 2008 – … “Parity Party for the Loonie”
EUR/USD – 3 Reasons Why This Fall Will Be Strong
EUR/USD is below 1.34 once again, erasing the neat recovery made after the Greek accord. Here is why I think this move will be sharper and why the pair will drop lower. EUR/USD began a dip on thin Easter Day trading on worries about the Greek austerity plan. These worries became stronger. The Greek crisis … “EUR/USD – 3 Reasons Why This Fall Will Be Strong”