Category: Opinions
Canadian dollar should enjoy good GDP
After being blown away from parity following the rate decision, Canada’s monthly GDP might help the Canadian dollar. The good GDP release in the US could signal that also Canada’s GDP is will be on the bright. Here’s a preview for the Canadian GDP. Canada publishes its monthly GDP on Friday at 12:30 GMT. Canada
Weekly Forex Roundup – Winners and Losers
The US Dollar gained against the Yen, the Pound and the Canadian dollar, but lost to the others. Here’s a review of the big moves in forex trading this week. The biggest story was the ongoing recession in Britain, that supplied a huge drop for the Pound on Friday. Dollar Weakness The US dollar index
GBP/USD and EUR/USD ran out of fuel
The Pound completed the comeback and reached the resistance line. The Euro passed the 1.50 hurdle but didn’t make a convincing break. What’s next for these currencies? GBP/USD is out of air GBP/USD trades now at 1.6620, about 40 pips from one of the strongest resistance lines – 1.6660. This number stopped the pair so
The Kiwi Flies Higher – Rate Hike Coming?
NZD/USD, the kiwi, reached new Year to date highs, passing 0.75 at the beginning of the new week. Is the market expecting a rate hike next week? Forex trading began with new dollar weakness. Many currencies regained against the dollar after losing ground on Friday. Mostof them are currently within levels seen last week: EUR/USD
Comeback of the Pound (2)
The British Pound made a huge comeback and is winning all across the board. Today, the Pound isn’t left behind. Stopping the QE program is one reason, but not the only one. What else is behind this comeback? Why makes this move meaningful? Here are some answers
EUR/USD – Breakout or Not?
EUR/USD climbed above the 1.4844 peak that it reached three weeks ago but didn’t get far away. 1.4908, just above it, was a peak at the beginning of the year. Did EUR/USD make a breakout and is doing it slowly? Or did it just get closer to the resistance line, where it can bounce back
Loonie at Parity? Getting very close
Amazing employment figures warmed the hearts of Canadian policymakers and sent USD/CAD tumbling down. Is the Canadian dollar going to be in parity with the US dollar? Excellent data We have a second major surprise this week. After the RBA raised the interest rates, Canada’s employment data was much much better than expectations. Economists were
BoE Hints are Pound-Bearish
The British rate decision brought no surprises – the rate stayed unchanged at 0.5%, and so did the Quantitative Easing program. The 175 billion pound plan isn’t changing. Not yet. But with money running out of this program by the end of the month, and with BoE Governor King wanting an expansion of the program,
AUD/USD Bounced At Resistance
The rate hike by the RBA fueled the Aussie’s engine for further gains. These gains came to halt at the 0.8950 resistance line. The surprising decision by Glenn Stevens on Tuesday morning sent the Aussie above last week’s peaks. Australia was the first country in the West to raise interest rates. They went from 3%
Which country will be the next to raise rates?
Australia was the first country to raise the interest rates after the great rate cuts that followed the global crisis. Which country will follow? Australian strength The RBA, Australia’s central bank, was the first to raise the interest rates. Glenn Stevens surprised the markets increased the interest rate from 3% to 3.25%. Australia already had