Forex Crunch » Parity

USD/CAD Outlook – August 23-27

Yohay — Sat, 21 Aug 2010 20:59:25 +0000

Loonie traders expect a calm week in terms of Canadian events. Here’s an outlook for these events and an updated technical analysis for USD/CAD.

USD/CAD chart with support and resistance lines marked. Click to enlarge:

Read the rest of the article USD/CAD Outlook – August 23-27

Forex Links for the Weekend

Yohay — Fri, 20 Aug 2010 21:00:13 +0000

After a busy week of tense range trading, the markets are now closed, and it’s time to sit back and enjoy some long-term forex-related articles. Here are the picks. Enjoy:

Andrei lays out the third part of series about the “biggest forex scam”. In a related matter, also signal providers may be problematic. If you’re getting alerts, better have something straightforward and simple, that just updates on prices, like this provider of forex SMS alerts.
Adam Kritzer examines the correlation between US National Debt and the US dollar. It’s not necessarily what you think.
Macro Man analyzes how China benefits from the moves by the Federal Reserve.
Michael Greenberg reports that the CFTC Final Regulations are due soon, and brings an interesting analysis about the state of regulation.
Francesc Riverola also discusses the new regulation that is expected and focuses on changes that the NFA already made after the CFTC audit.
Casey Stubbs talks about the foundations of forex success.
Boris Schlossberg asks if M&A activity could push USD/CAD to parity.
James Chen explains how to use Bollinger BandWidth in forex trading.

That’s it for now. Have a great weekend!

Read the rest of the article Forex Links for the Weekend

USD/CAD Outlook – August 16-20

Yohay — Sun, 15 Aug 2010 08:52:40 +0000

A busy week expects loonie traders, with inflation figures providing a strong finish. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD.

USD/CAD graph with support and resistance lines on it. Click to enlarge:

Read the rest of the article USD/CAD Outlook – August 16-20

USD/CAD Outlook – August 9-13

Yohay — Sun, 08 Aug 2010 00:41:14 +0000

A few interesting releases expect the loonie. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. USD/CAD chart with support and resistance lines marked. Click to enlarge: Canada’s employment figures were very disappointing, and only a bigger disappointment in Non-Farm Payrolls from the US stopped USD/CAD from going higher. Let’s

USD/CAD Jumps on Disappointing Canadian Jobs

Yohay — Fri, 06 Aug 2010 11:04:06 +0000

After seeing outstanding results in recent months, Canadian job figures were disappointing this time – a drop of 9,300 jobs, falling short of an expected gain of 13,700 jobs. Also the unemployment rate rose from 7.9% to 8%. USD/CAD broke above resistance.

In the hour before the publication of the jobs data, USD/CAD went back up from 1.0165 to the almost 1.02 – the resistance line, but lost it after the release. The pair currently trades 1.0225 after already touching 1.0250. It’s still far from the next barrier:

Read the rest of the article USD/CAD Jumps on Disappointing Canadian Jobs

USD/CAD Outlook – August 2-6

Yohay — Sat, 31 Jul 2010 15:20:35 +0000

The loonie will move on US data during most of the week, but the busy end of the week promises tension. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD.

USD/CAD daily chart with support and resistance lines on it. Click to enlarge:

Read the rest of the article USD/CAD Outlook – August 2-6

USD/CAD Outlook – July 26-30

Yohay — Sat, 24 Jul 2010 20:07:29 +0000

The monthly release of GDP on Friday is stands out in a light-calendered week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD.

USD/CAD chart with support and resistance lines on it. Click to enlarge:

Read the rest of the article USD/CAD Outlook – July 26-30

Bank of Canada lowers expectations – USD/CAD rises

Yohay — Tue, 20 Jul 2010 13:07:30 +0000

The Bank of Canada did it again – the rates were raised by 0.25% to 0.75%. There was a consensus for this move. What wasn’t expected was a weaker forecast for the Canadian economy. So, the decision hurts the Canadian dollar.

USD/CAD now trades at 1.5560, about 40 pips higher than before the release. Will it convincingly break above the resistance line?

Read the rest of the article Bank of Canada lowers expectations – USD/CAD rises

USD/CAD Outlook – July 19-23

Yohay — Sun, 18 Jul 2010 07:24:39 +0000

Loonie traders expect a busy week, with important releases every day of the week, with the rate decision being the main highlight. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD.

USD/CAD daily chart with support and resistance lines marked. Click to enlarge:

Read the rest of the article USD/CAD Outlook – July 19-23

USD/CAD Outlook – July 12-16

Yohay — Sun, 11 Jul 2010 11:01:22 +0000

The Canadian dollar expects 4 events in the upcoming week, after rising against the greenback. Here’s an outlook for these events and an updated technical analysis for USD/CAD.

USD/CAD daily chart with support and resistance lines. Click to enlarge:

Read the rest of the article USD/CAD Outlook – July 12-16