Positive Fundamentals Do Not Support Loonie
The Canadian dollar dropped today against other most-traded currencies even though fundamentals were supportive for the loonie. Earlier, the Canadian currency advanced against the US dollar and the euro, but erased its gains later.
Ichimoku Signal: GBP/USD - Sell at 1.5760
Although intra-day rise to 1.5703 signals recent upmove from 1.4832 low has resumed and may bring a stronger retracement of early decline from 1.6380 to 1.5715-20, loss of upward momentum should prevent sharp move beyond 1.5755-60 (50% projectio
How To Develop Discipline & Patience in Forex Trading?
Most Forex traders lose money because of discipline & patience.That is a fact that would not be changed. On the other hand, the most important quality of a trader is to recover the loses with good transactions. In other words, a good trader must
GBP/USD: Pound Reverses Its Previous Session Gains
For the 24 hours to 23:00 GMT, GBP rose 0.15% against the USD and closed at 1.5706.The Pound remained buoyant a day after upbeat UK employment data lifted investor sentiment over the outlook for second quarter economic growth.
Ichimoku Signal Wrap-up: GBP/USD - Stand aside
Despite intra-day fall to 1.5616, as the British pound has rebounded after holding above the Ichimoku cloud bottom as suggested, retaining our view that near term upside risk remains and another test of intra-day resistance at 1.5718 would be...
Consumer Sentiment in U.S. Declines From Six-Year High
Consumer sentiments fall. Nonetheless there is no cause for alarm yet for now. Good reading from Bloomberg.
Strong US consumer confidence pushes USD up - report
Meanwhile, Japan's economy expanded for a second straight quarter, as consumer spending and export gains improve driven by private consumption as the government's aggressive economic policies, started to have a positive effect on the economy.
ANZ NZ Morning Brief
Despite the stronger USD, crude and base metal prices rose, but gold continued its recent slide. KEY THEMES AND VIEWS. ECB JAWBONING. The recent outperformance in Eurozone bond markets is reflective of a general view that its economic cycle is ...
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Pound to euro exchange rate faces a week that is 'anything but trivial' (UK ...
Market focus is tipped to turn to UK data releases with CPI, BoE MPC Minutes, Retail Sales and Q1 GDP first revision released this week. "The BoE MPC minutes will likely draw the greatest attention following the relatively more upbeat Quarterly ...
European Session: Orders and Options Watch
EUR: The single currency finally recovered after resuming recent decline to as low as 1.2796 on Friday as traders covered their short positions, decent demand from Asian CBs are reported from 1.2820 down to 1.2800 with some stops placed below 1.2
Huck's Pre-Week Market Analysis for May 20 to 24, 2013
It was an amazing week to buy the dollar. The Greenback dominated last week's trading on the heels of positive data from the U.S., further fueling speculations that the Fed would soon start to taper off its asset purchases.


