Post Tagged with: "Parity"
EUR/USD Out of Air?
EUR/USD continued pushing forward and touched 1.27. At this point, it seems that the heights aren’t easy for the pair, that still carries debt issues and gloomy forecasts. Update on this pair. Euro/Dollar continued the trend that began with the weak Non-Farm Payrolls on Friday and gradually edged up during the week – from the
USD/CAD Outlook – July 5-9
Employment figures are the highlight of this week’s loonie trading. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. USD/CAD daily graph with support and resistance lines on it. Click to enlarge: The Canadian dollar continues to be sensitive to the price of oil, as well as the troubles in
USD/CAD Outlook – June 28 – July 2
Canadian monthly GDP is the highlight in the upcoming week. 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: Canadian CPI came out as expected, and this wasn’t loonie-positive. There’s no rush for speedy tightening cycle by
USD/CAD Rises on Tame Canadian Inflation
Canada’s Consumer Price Index (CPI) rose by 0.3%, slightly stronger than 0.1% that was expected. But Core CPI, which is more closely watched by the central bank, met expectations and rose by 0.3%. USD/CAD makes a small rise and gets away from the support line. After a jump of 0.7% in Core CPI in February,
Commodity Currency Break Out After Chinese Move
The Chinese announcement rocks the markets at the beginning of the week. Commodity currencies are enjoying risk appetite, while European currencies are only experiencing small gains against the dollar. Updates about the breakouts in the loonie, Aussie and kiwi. While there are still doubts about the depth of the Chinese move, the yuan already began
Forex Weekly Outlook – June 21-25
The upcoming week is quite busy: a rate decision in the US, housing figures and the presentation of an emergency budget in the UK among other events. Here’s an outlook for the major market moving events this week. The market disregards the European troubles. In the past week, the focus was on the Spanish credit
USD/CAD Outlook – June 21-25
The loonie enjoyed risk appetite for a second week in a row. This week consists of key indicators for the next rate decision. Here’s an outlook for Canadian events and an updated technical analysis for USD/CAD, which is closer to parity once again. USD/CAD chart with resistance and support lines on it. Click to enlarge:
USD/CAD Ready for Parity Once Again
Foreign Securities Purchases, which express the level of confidence that foreigners put in Canada, jumped to 12.36 billion, much higher than 2.87 billion Canadian dollars that was expected. This keeps USD/CAD in the lower range it reached, eying parity once again. After a month in which foreigners took money out of Canada, they now showed
USD/CAD Outlook – June 14-18
Many economic figures are released in Canada in the upcoming week, but the highlights will be two appearances by Mark Carney, head of the BOC. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD, now at lower levels. USD/CAD graph with support and resistance lines on it. Click to enlarge:
USD/CAD Outlook – June 7-11
The Canadian dollar didn’t really enjoy the rate hike and the better-than expected GDP, in a very busy week. The governor of the central bank will have a chance to explain the rate hike and talk about future moves, and there are additional releases as well. Here’s an outlook for the Canadian events, and an