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O’ Canada, US Dollar Going Up Up and Away!

O’ Canada, US Dollar Going Up Up and Away!

Jul 2, 2015 00:34
With Canada in celebration mode, the US dollar is going up up and away.  The US dollar has gained a lot of momentum driven by the Greece powder keg, while the Canadian dollar...

Majors»

USD/JPY Forecast June 29 – July 3

USD/JPY Forecast June 29 – July 3

Jun 28, 2015 16:04
USD/JPY pushed higher, gaining about 100 points on the week. This week’s highlights are Retail Sales and the Tankan Indices. Here is an outlook on the major events...

Minors»

AUD/USD Forecast June 29 – July 3

AUD/USD Forecast June 29 – July 3

Jun 28, 2015 14:16
AUD/USD softened late in the week, and lost about 80 points over the week. The pair closed the week at 0.7746. It’s a busy week ahead, with just 11 events on the...
  • USD/CAD Forecast June 29 – July 3
    USD/CAD Forecast June 29 – July 3
    It was another uneventful week for the Canadian dollar as USD/CAD was unchanged. The pair closed the week...
    on Jun 28, 2015 11:46
  • NZD/USD Forecast June 29 – July 3
    NZD/USD Forecast June 29 – July 3
    The New Zealand dollar found it hard to recover after the previous blows and reached new lows. The focus is now...
    on Jun 28, 2015 09:12
  • AUD/USD Forecast June 22-26
    AUD/USD Forecast June 22-26
    AUD/USD showed some movement in both directions, but closed the week unchanged. AUD/USD closed the week at 0.7743. It’s...
    on Jun 21, 2015 13:54

Basics & Industry»

Greek crisis – updates from 7 forex brokers

Greek crisis – updates from 7 forex brokers

Jun 28, 2015 16:34
The crisis in Greece has significantly deteriorated over the weekend. This implies extreme volatility as markets open in early Asian trading. Some brokers have taken measures...

Recent Articles

O’ Canada, US Dollar Going Up Up and Away!

O’ Canada, US Dollar Going Up Up and Away!

With Canada in celebration mode, the US dollar is going up up and away.  The US dollar has gained a lot of momentum driven by the Greece powder keg, while the Canadian dollar is pressured by falling oil prices today. The uncertainty over Greece, lackluster Canadian GDP, falling oil prices, has all created a perfect

Greece Risks Contained But Euro Still To Go Lower – BTMU

Greece Risks Contained But Euro Still To Go Lower – BTMU

Greek talks are now officially on hold until the Greferendum on Sunday. The Eurogroup shut the door after the defiant speech from Tsipras. In any case, the team at BTMU sees the euro facing downwards pressure: Here is their view, courtesy of eFXnews: The euro remains very resilient to the marked upturn in risk related

Tsipras not backing down – Greferendum continues but door open – EUR/USD rises

Tsipras not backing down – Greferendum continues but door open – EUR/USD rises

After reports that Greece is backing down on its demands and confusion about the details, the Greek PM addresses the nation. The referendum is on. Greek PM Alexis Tsipras addresses the nation and stresses this is not a vote on EU membership. Here are the highlights Creditors have put better offers on the table once the referendum was

ISM Manufacturing PMI: 53.5, strong employment – USD higher

ISM Manufacturing PMI: 53.5, strong employment – USD higher

The manufacturing sector is looking better in June, with 53.5 points, a bit above expectations. Perhaps more importantly for tomorrow, the employment component is up to 55.5 points, significantly above expectations and last month’s score of 51.7 points. Construction spending rose 0.8%, better than had been anticipated. The US dollar is higher across the board, after an

Greek crisis – all the updates in one place

Greek crisis – all the updates in one place

The crisis in Greece has entered a new and extreme level, with the recent break up of talks and with the potential of Greece exiting the euro-zone, a move dubbed for years as “Grexit” and more recently “Grexident”. What is the background? What is going on right now? What are analysts saying? How will this affect the value

Tsipras backs-off

Tsipras backs-off

After Greece became the first developed nation to default on a payment to the International Monetary Fund news of a last minute letter written by Greece’s prime minister in which he is said to accept the majority of creditor conditions has global capital markets in an ebullient mood.  While Greece and the implications of a

ADP NFP: +237K above expectations – USD rises

ADP NFP: +237K above expectations – USD rises

Good news from the US labor market: a gain of 237K private sector jobs in June, and also a small revision for May: 203K. This raises the expectations for the Non-Farm Payrolls, which are published tomorrow, on Thursday this time due to the 4th of July long weekend. The ADP read is the highest since

EUR/USD: Trading the US Non-Farm Payrolls

EUR/USD: Trading the US Non-Farm Payrolls

US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. This event is usually released on the first Friday of the month, but has been brought up a day

EUR/USD jumps and falls on misinformation regarding Greek proposal – Tsipras address expected

EUR/USD jumps and falls on misinformation regarding Greek proposal – Tsipras address expected

The media has shown a letter by Greek PM Alexis Tsipras to the creditors and painted it a backing down by Tsipras. Indeed, there are concession that were made there. However, the letter is from yesterday, and it came hand in hand with the request for a new 2 year ESM bailout which consists of debt restructuring.

EURUSD, USDJPY, GBPUSD Pivot Points, TA – July 1 2015

EURUSD, USDJPY, GBPUSD Pivot Points, TA – July 1 2015

EURUSD Daily Pivots R3 1.1354 R2 1.1298 R1 1.1222 Pivot 1.1166 S1 1.1090 S2 1.1033 S3 1.0956 EURUSD (1.113): EURUSD saw a bearish close yesterday but the range remained within Monday’s high and low. As noted yesterday, this range play could be seen until Thursday’s NFP release. On the H4 charts, price attempted to break