USD/CAD Breaks Support Line on Jobs – Road to Parity Open

Canadian employment data was slightly better than expected. This was the hay that broke the camel’s back – after a week of struggle, USD/CAD finally broke 1.02 and heads down to parity.
Canada’s employment figures surprised analysts for a second month in a row. Contrary to last month’s huge surprise, the numbers were only slightly better [...]

Introducing Brokers Join the Fight Against the CFTC

The proposed regulation by the CFTC isn’t only about leverage. It consists of regulations that are a big blow to brokers and to introducing brokers. A group of IBs has joined forces to challenge the CFTC in a new site: ibcoalition.org.
All the founding members of this coalition are members of the NFA. Regarding permits, they [...]

AUD/USD Strong After Job Figures

Despite unexciting job figures from Australia, the Aussie held the higher range it broke to earlier this week. The strength continues. Here’s an update on AUD/USD.
Only 200 jobs were gained in Australia in the month of February. This fell short of expectations that stood on 15,700 jobs. Australia’s Unemployment Rate remained unchanged at 5.3%, exactly [...]

Oanda Now Supported On Currensee

Oanda, probably the biggest forex broker, is now supported on Currensee. Oanda traders can now share their trades and use Currensee’s social network for free. Hopefully all forex brokers will adopt a transparent policy with social sites such as Currensee.
According to some estimates, Oanda is the biggest forex broker, at least in the US. Up [...]

Aussie Rides the Rate Hike

The Australian dollar enjoyed the rate hike and approached a technical resistance line. A break of this line depends mostly on the upcoming GDP. Update on technicals and fundamentals of this strong currency.
The Reserve Bank of Australia lifted the interest rate for the fourth time since the outbreak of the financial crisis. Australia’s Cash Rate [...]

Collapse of the Pound, State of Euro and more, on the Video Outlook

In the weekly interview on Forex TV, I spoke with Julie Sinha about the collapse of the Pound, the factors that will influence the Euro, American Non Farm Payrolls and more events.
In addition, I covered expected technical breakouts, including some the EUR/AUD cross as well. Enjoy!

Want to see what other traders are doing in real [...]

CAD Overcomes Dollar Storm On Strong Economy

USD/CAD is now falling and approaching an important resistance line. This happens as the US dollar is strong, with traders focusing on the collapse of the Pound. The loonie has reasons to rise – a strong economy that is accelerating. The pair is now facing a test:
The dollar is storming through the markets. This is [...]

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