Strong Stocks, Gold and Crude Oil Help Push Canadian Dollar toward Parity
A breakout to the upside in the U.S. stockmarket, a new record high in Gold and firmer crude oil prices are helping topush the Canadian Dollar toward parity with the U.S. Dollar. A breakout to the upside in the U.S. […]
EUR USD Rebounds Higher Following Fed Minutes
The EUR USD is trading higher, bouncingback after a sharp decline earlier in the session. The rally in the Euro is inreaction to the news that the Fed
U.S. Dollar Mixed as Jobs Data Offers No Insight into Fed’s Next Move
The U.S. Dollar is trading mixed at themid-session after the Non-Farm Payrolls Report failed to offer any insight intohow much the Fed is likely to contribute to its
U.S. Dollar Pares Losses; Posting Gains versus Swissy, Loonie and Kiwi
The U.S. Dollar is paring its earlier losses against the major currencies at the mid-session while posting gains versus the Swiss Franc, Canadian Dollar and New Zealand Dollar.The
Euro Breaks Through Major Fibonacci Level at 1.3896
The U.S. Dollar is trading lower againstall major currencies in reaction to this morning’s disappointing U.S. ADPemployment report. Traders were banking on a figure of +20,000 but were
Euro Surges despite Better U.S. ISM Report
The Euro is surging at the mid-sessiondespite the release of a better-than-expected U.S. economic survey. The surprisedecision by the Bank of Japan to ease monetary policy further is
Euro in Position to Post Daily Reversal Top; Setting up for Correction
The Euro is under pressure at themid-session, putting it in a position to form a closing price reversal top andsetting up the market for a near-term correction. The Euro
EUR USD Soars to Six-Month High; Speculators Betting on Fed Easing
The EUR USD soared this morning, hitting anew-six month high, as a report indicating brewing weakness in the U.S.manufacturing sector supported speculators betting on additional quantitativeeasing by the
Aussie Dollar Set-up to Tumble; Reversal Top Could Form
The U.S. Dollar strengthened this morningafter touching a five-month low against the Euro. The subsequent break in theEUR USD has put this pair in a position to form
Aussie Dollar Set-up to Tumble; Reversal Top Could Form
The U.S. Dollar strengthened this morningafter touching a five-month low against the Euro. The subsequent break in theEUR USD has put this pair in a position to form