Post Tagged with: "USD/CAD"
Forex Weekly Outlook – December 22-26th 2008
The upcoming week will feature very thin trading due to the holiday of Christmas. Trading will become thinner as week unfolds. New Zealand Dollar in focus For those of you not on vacation, an interesting pair to watch this week will be the NZD/USD. A few major economic figures will be released this week in
Forex Weekly Roundup- December 15-19th 2008
Last week was very dramatic in the Forex market: The peak was the interest rate cut on Tuesday by Ben Bernanke: a 0.75% cut to 0.25%. This weighed heavily on the USD, on all fronts. Later on, the dollar made a big comeback, especially in against the Euro and the pund. Both EUR/USD and GBP/USD
Forex Daily Analysis – December 19th 2008
The big news this morning comes from Japan – the BOJ reduced the interest rate to 0.1% – quite symbolic. Japanese Yen traders aren’t used to see moves in interest rates – this is the second one in the recent two months. The Bank of Japan also announced that it would flow some cash into
Dollar makes a comeback
The US dollar retracted against all currencies in the European and North American session. THe EUR/USD is back at about 1.44, the GBP/USD is at around 1.53 and the USD/JPY is above 89. Also other pairs, such as the USD/CAD have turned in favor of the greenback. This comes after a fews days of beating
Forex Daily Analysis – December 18th 2008
The US dollar continues to plunge against all the currencies. Even the pund that lagged behind made a move forward. GBP/USD now above 1.56. The EUR/USD crossed another resistance line at 1.44, and aimed to breach the 1.45 line. Curretly it retracted back a little bit. Today’s imprtant data is Germany’s IFO Business Climate Survey,
Forex Daily Analysis – December 17th 2008
Trading today is in the shadow of yesterday’s historic rate decision in the USA: a rate of 0.25% is unprecedented in America – Bernanke went for it. Currently trading is rather calm – the EUR/USD is resting above 1.40, the GBP/USD is flirting with 1.55 and the Yen managed to pull throug – currently at
Forex Daily Analysis – December 16th 2008
The US dollar retreated some more on Monday, especially against the Euro. USD.EUR currently stands at 1.3691, breaking resistance of 1.35. Also the British pound managed to get away from the 1.50 pivot spot, now trading at 1.5278. GBP/USD struggled more than the Euro. The loonie (USD.CAD) and the chocola (USD/CHF) also weakened – USD
Forex Daily Analysis – December 10th 2008
The US dollar continues to weaken, amidst a growing notion that not every financial sector will be bailed out by the Federal Reserve, or the American government. This notion fueled a fear of a wave of bankruptcies. Yesterday’s Consumer sentiment data from the USA was much lower than last month’s figure. A drop in consuming