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Canadian dollar lifted by the BoC; How To Position? – Credit Agricole

Canadian dollar lifted by the BoC; How To Position? – Credit Agricole

Oct 23, 2014 13:30
The Canadian dollar has seen a lot of turbulence of late on various events, with the Bank of Canada’s statement being the biggest mover. What’s next for the C$?...

Majors»

GBP/USD Forecast Oct. 20-24

GBP/USD Forecast Oct. 20-24

Oct 19, 2014 13:50
The British pound showed some movement during the week but closed unchanged, at 1.6091. This week’s key events are Retail Sales and Preliminary GDP. Here is an outlook...
  • USD/JPY Forecast Oct. 20-25
    USD/JPY Forecast Oct. 20-25
    The Japanese yen showed some strength last week, as USD/JPY touched 5-week lows. The pair closed at 106.87,...
    on Oct 19, 2014 12:12
  • EUR/USD Forecast Oct. 20-24
    EUR/USD Forecast Oct. 20-24
    EUR/USD had a wild week, where the weakness of the dollar beat the weakness of the euro and sent the pair higher...
    on Oct 18, 2014 15:00
  • Forex Weekly Outlook October 20-24
    Forex Weekly Outlook October 20-24
    The US dollar was on the back foot against most currencies as volatility spiked and big moves provided opportunity...
    on Oct 18, 2014 09:48

Minors»

AUD/USD Forecast Oct. 20-24

AUD/USD Forecast Oct. 20-24

Oct 19, 2014 17:26
AUD/USD was marked by choppy trading this week and posted modest gains. AUD/USD closed at 0.8743. This week’s highlights are the RBA minutes and CPI. Here is an outlook...
  • NZD/USD Forecast Oct. 20-24
    NZD/USD Forecast Oct. 20-24
    The New Zealand dollar had an exciting week, alongside all the market, and in general, showed a lot of strength....
    on Oct 19, 2014 11:16
  • USD/CAD Forecast October 20-24
    USD/CAD Forecast October 20-24
    The Canadian dollar returned to its losing ways last week, as USD/CAD gained about 100 points, closing at 1.1275. This...
    on Oct 19, 2014 11:14
  • AUD/USD Forecast Oct. 13-17
    AUD/USD Forecast Oct. 13-17
    AUD/USD posted strong gains last week but then retracted, as the pair was unchanged at the end of the week. AUD/USD...
    on Oct 12, 2014 12:05

Basics & Industry»

Market Movers Episode #20: Questions for every trader, crashing oil, state of the UK and global gloom

Market Movers Episode #20: Questions for every trader, crashing oil, state of the UK and global gloom

Oct 17, 2014 10:43
The markets are storming and we cover it all: from the still strong economy of the UK  through the big tumble in oil prices and finally with a wide coverage of everything...

Recent Articles

GBP/JPY: Strengthens, Eyes Further Upside

GBP/JPY: Strengthens, Eyes Further Upside

GBPJPY – With GBPJPY taking back some of its intraday losses on Wednesday and strengthening during Thursday trading today, further upside pressure is expected. On the upside, resistance lies at the 173.50 level followed by the 174.00 level where a break will aim at the 175.00 level. A cut through here will aim at the

Ottawa Tragedy Propels Loonie Volatility

Ottawa Tragedy Propels Loonie Volatility

After yesterday’s tragic events in Ottawa where Corporal Nathan Cirillo was fatally wounded outside the National War Memorial by an armed gunman, tensions are easing around further conflict within Canada’s borders.  While the nation’s capital remains on high alert with police still investigating whether the shooter, identified as Michael Zehaf-Bibeau, acted alone, the incident appears

US jobless claims rises to 283K – lowest moving average since May 2000 – dollar higher

US jobless claims rises to 283K – lowest moving average since May 2000 – dollar higher

US unemployment claims are off the lows and rise back to 283K. However, this number still reflects a low level and maintains a low moving average: 281K – the lowest since May 2000. Last week’s number was revised up from 264K to 266K. Continuing claims dropped to 2351K, better than 2380K expected. The dollar is slightly

Canadian dollar lifted by the BoC; How To Position? – Credit Agricole

Canadian dollar lifted by the BoC; How To Position? – Credit Agricole

The Canadian dollar has seen a lot of turbulence of late on various events, with the Bank of Canada’s statement being the biggest mover. What’s next for the C$? Credit Agricole discusses positioning: The forex market latched on to two important points from the BoC release: guidance and forecasts. First, on guidance, it dropped the term “neutral”

USD Index has room to fall before another rise; DAX looks bullish – Elliott Wave Analysis

USD Index has room to fall before another rise; DAX looks bullish – Elliott Wave Analysis

Good data from the euro-area sent the EURUSD away from the lows, but other currencies are still under pressure, such as GBP and JPY while AUDUSD is sideways. Today we decided to look at the USD Index and not EURUSD. The reason is a clear wave structure. Note that the rally from 84.76 was made

EUR/USD Oct. 23 – Bouncing from the lows on German optimism

EUR/USD Oct. 23 – Bouncing from the lows on German optimism

EUR/USD is bouncing from low ground on stronger than expected German PMIs, after falling earlier on weak French PMIs and extending the slide resulting in a resurgence of the greenback. Can this recovery continue? In the US, we have jobless claims, which hit a 14 year high last month, as well as Markit’s manufacturing PMI. Here’s a

GBP/USD: Trading the British Preliminary GDP

GBP/USD: Trading the British Preliminary GDP

British Preliminary Gross Domestic Product (GDP) is a key release and 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

EUR/USD: Sell Bounces For 1.22 In 3-Months, Range Trade S/T – Danske

EUR/USD: Sell Bounces For 1.22 In 3-Months, Range Trade S/T – Danske

The skies are darkening above the euro-zone economies as almost every data point shows. This doesn’t mean that EUR/USD is falling in a straight line. Nevertheless, the team at Danske sets lower targets for the months ahead, as well as limits for bounces: Here is their view, courtesy of eFXnews: In the short term EUR/USD

EUR/USD, GBP/USD, USD/JPY Technical Lines – October 23

EUR/USD, GBP/USD, USD/JPY Technical Lines – October 23

EURUSD Daily Pivots R3 1.2814 R2 1.2776 R1 1.2712 Pivot 1.2671 S1 1.2609 S2 1.2571 S3 1.2507   From the daily charts, EURUSD confirmed its bearish engulfing candle with a lower close yesterday pointing to continued downside momentum. On the H1 charts, price broke through the secondary trend line to close below the main support

UK retail sales fall 0.3% – GBP/USD dips below 1.60

UK retail sales fall 0.3% – GBP/USD dips below 1.60

A disappointment from the UK: the volume of retail sales fell 0.3% in September, contrary to expectations for a smaller slide. Year over year, a rise of 2.7% was reported, lower than 2.9% expected. In addition, the BBA mortgage approvals number fell below 40K, below expectations. GBP/USD is losing 1.60 but not going very far.