The Canadian dollar has many forces moving it around. What’s next? Here is their view, courtesy of eFXnews: The Canadian economy’s close dependence on the US and oil industries means the ‘loonie’ has been highly vulnerable to political events regarding Trump’s presidency and OPEC’s oil supply freeze. Our call for a near-term stronger USD should … “USD/CAD: Higher N-Term, Before Lower: Where To Target? –”
Category: Opinions
AUD/USD: Trading the Australian Private Capital Expenditure
Australian Private Capital Expenditure is released each quarter and should be treated as a market-mover. Here is the information about this event, and 5 possible outcomes for the Australian dollar. Published on Thursday, at 00:30 GMT. Indicator Background Investments by factors in the private sector are a genuine gauge of economic activity over the quarter … “AUD/USD: Trading the Australian Private Capital Expenditure”
GBP/USD: Trading the UK Second Estimate GDP
UK Second Estimate GDP, one of the most important economic releases, is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the pound. Here are all the details, and 5 … “GBP/USD: Trading the UK Second Estimate GDP”
EUR/USD: A Deja Vu Of 2005-07 But Little Benefit In
EUR/USD is drifting downwards once again, pulled by USD strength. What’s next? Here is their view, courtesy of eFXnews: For all the talk of discord and chaos on the US political scene, this environment reminds us of the period around 2005-07 when commodities were strong, equity markets lacked volatility while making new highs and all forms … “EUR/USD: A Deja Vu Of 2005-07 But Little Benefit In”
![Technical levels for majors and crosses post Valentine’s [Video]](https://investinearth.org/wp-content/uploads/2017/02/Fotolia_105942772_S-351x185.jpg)
Technical levels for majors and crosses post Valentine’s [Video]
The US dollar managed to gain back some ground thanks to Janet Yellen’s upbeat testimony as well as positive retail sales and inflation data. It is time to look at new levels. Lines of support and resistance for the major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD and USD/CHF as the US dollar looks for … “Technical levels for majors and crosses post Valentine’s [Video]”
EUR/USD: Targets For A Decline In H1 Before A Rally
EUR/USD managed to bounce from low support at 1.0520 after having dropped on good US data. What’s next? Here is their view, courtesy of eFXnews: It is all about the USD and about President Trump’s policies for the EUR for now. Indeed, the sell-off of the Trump trades so far this year, following some profit-taking … “EUR/USD: Targets For A Decline In H1 Before A Rally”
EUR: Cash Ready To Buy Risk; EUR To Weaken Further
EUR/USD has been moving down on political risk from Europe as well as a strengthening US dollar following Yellen as well as the upbeat retail sales and CPI. What’s next? Here is their view, courtesy of eFXnews: As the VIX is approaching the lows again,and with iron ore prices bursting 10% higher over recent days, we … “EUR: Cash Ready To Buy Risk; EUR To Weaken Further”
Bullish on the US dollar – two opinions
The US dollar continues its recovery, enjoying the boost it got from Yellen. Two banks are bullish on the US dollar. They discuss the reasons and the currencies to be bullish against: Here is their view, courtesy of eFXnews: USD: Fundamentals Firmly Favor Dollar Up; We Stay Firmly Bulls – Goldman Sachs A natural tendency is … “Bullish on the US dollar – two opinions”
AUD/USD: Trading the Australian Employment Change
Australian Employment Change, which is released monthly, provides a snapshot of the health of the Australian labor market. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are the details and 5 possible outcomes for AUD/USD. Published on Thursday at 00:30 GMT. Indicator Background Job creation is one … “AUD/USD: Trading the Australian Employment Change”
Fed Yellen’s Testimony: No Surprise But Market More ‘Open
Fed Chair Janet Yellen was quite upbeat about the economy and the path of rate hikes. What does it mean? Here is their view, courtesy of eFXnews: Yellen’s testimony comes after a meeting at which the FOMC chose to stand pat, so her attempt to walk down the middle of the road should come as no surprise. There’s … “Fed Yellen’s Testimony: No Surprise But Market More ‘Open”