Post Tagged with: "Foreign Securities Purchases"
Canadian Dollar Outlook – June 22-26 2009
USD/CAD rose by 150 pips last week, but bounced at the critical 1.1470 mark. On the eve of a new trading week, USD/CAD stands at 1.1350. This week’s FOMC Statement and two Canadian events, Foreign Securities Purchases and a speech by Mark Carney will determine the direction of the loonie. Will it break the huge resistance line?
Forex Weekly Outlook – June 22-26 2009
The two day FOMC meeting will draw most of the attention this week. Will Bernanke hint anything about future rate changes? Also this week, home sales figures in the US, PMI data in Europe and important British figures will shake the market. And of course, the Iranian election crisis is still with us. Here are
Canadian Dollar Wins Important Week
The Canadian dollar made huge gains against the US dollar this week. USD/CAD has a new direction – south. This happened on ok data in Canada, and the greenback’s weakness across the board. Here’s a roundup, and a look forward. As I wrote at the beginning of the week, it indeed was an important week
Important Week for the Canadian Dollar
USD/CAD has made a big move downwards during May, and bounced off a major support line. It currently stands near an important line. This week features many important figures in Canada, that will determine the loonie’s direction. Throughout most of 2009, USD/CAD traded above 1.20. It even made a false break above 1.30 in mid-March.
Forex Daily Outlook – April 20th 2009
The forex trading week starts slowly. There are a few indicators from all over the world, but nothing really major. But as seen in previous weeks, weekend gaps can sure appear, especially in the Euro. Let’s see what’s up for today: British Rightmove HPI starts the Forex Week. Last time it rose by 0.9%. Is the
Forex Weekly Outlook – April 20-24 2009
This week features Home Sales data in the US, a rate decision in Canada, British GDP and many more interesting economic figures that will move the markets. Some currencies are at critical levels, and might set a new course this week. Let’s dive into the major events this week: Monday, April 20th: Australia’s PPI is
Forex Daily Outlook – March 19th 2009
The Federal Reserve provided all the price action in the world with yesterday’s big announcement, and sent the dollar down, after the beatings it took earlier this week.. Today, the market might still feel aftershocks from yesterday, and might feel something from today’s economic calendar, with the US Unemployment Claims at the center. Here’s what’s
Forex Daily Analysis – February 16th 2009
Forex trading began with news from Japan: GDP in Japan fell by 3.3%, more than expected. This sent USD/JPY up to 91.90. In other data from Japan, the Revised Industrial Production fell even more than the preliminary figure, by almost 10% – 9.8%. These bad figures might have caused BOJ Governor Masaaki Shirakawa to give an
Forex Daily Analysis – January 19th 2009
The week in forex trading began with no big moves: EUR/USD is now at 1.3348, GBP/USD is at 1.4884, USD/JPY is down to 90.83, and USD/CHF is at 1.1162. Today could see light trading, due to a holiday in the US. In Japan, BOJ Governor Masaaki Shirakawa is speaking in parliament and laying out the plans