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Canadian Dollar To Outperform, EUR/CAD Correction On Tap 10:58AM EDT

posted by Avatar forexanalysis 290 days ago in EUR, CAD

The Canadian dollar looks poised to strengthen against its major counterparts after being oversold, and the USD/CAD should continue to retrace the advance carried over from the previous month as the relative strength index falls back from overbought ... read more
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Euro up against US dollar as Fed FOMC decision eyed

posted by Avatar forexanalysis 291 days ago in USD, EUR made popular 291 days ago

By Forexpros.com Forexpros The euro extended gains against the US dollar on Tuesday, recouping some of the previous day's sharp losses, as the greenback was weighed by prospects of further monetary easing by the Federal Reserve. ... read more
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Wall Street suffers worse moment in two years

posted by Avatar forexanalysis 296 days ago in EUR made popular 296 days ago

Traders believed that Thursday's drop came from concerns over Euro zone. The European Central Bank said on Thursday that it will keep the interest rate unchanged at 1.5 percent. It said nothing about buying Italian and Spanish bonds, and investors ... read more
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Vermilion Meets Our Expectations in the Second Quarter, Reiterates Full-Year ...

posted by Avatar forexanalysis 296 days ago in CAD made popular 296 days ago

We had included this growth in our 2011 forecast, but what we did not expect was how quickly the firm would begin shifting from oil to water-based fracs, which we estimate will save the firm roughly CAD 500000 per well, or more than 10%. ... read more
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Japan Follows Switzerland in Intervening to Stem Currency's Appreciation

posted by Avatar forexanalysis 297 days ago in CHF

Switzerland is also contending with a surge in its foreign- exchange rate, unexpectedly cutting interest rates and pledging to boost the supply of the franc yesterday. Both currencies, of nations with current-account surpluses, have advanced as ... read more
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Euro To Threaten July Rebound, US Dollar Strength Ahead

posted by Avatar forexanalysis 298 days ago in EUR made popular 298 days ago

... continues to weigh on the overall economy. In turn, the near-term reversal in the EUR/USD looks as though it will gather pace going into the middle of the week, and the pair may threaten the rebound from 1.3836 as interest rate expectations falter. ... read more
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USD/CAD Breaks Above Double Bottom After Slew of Poor Canadian Data

posted by Avatar forexanalysis 302 days ago in CAD, Economic Indicators made popular 302 days ago

by Fan Yang - FXTimes | View company's profile - The -0.3% m/m GDP data for May, -0.3% producer price index, and -2.2% raw materials price index were very CAD-negative data. - With these releases, the USD/CAD pushed above 0.9520-0.9525 resistance, ... read more
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Dollar 0.3% From Record Low Versus Franc Before Briefing on Debt Impasse

posted by Avatar forexanalysis 303 days ago in CHF made popular 303 days ago

The euro is poised for a weekly slump against the franc as traders cut bets on an interest-rate increases in the region before data that may show euro zone inflation rate was unchanged this month. The US is in a very bad situation, and it means they ... read more
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Dollar Weak, Gold Soaring

posted by Avatar forexanalysis 305 days ago in Commentary, Commodities

Overall the AUD/USD traded with a low of 1.0820 and a high of 1.0970 before closing the day at 1.0960 in the New York session. Looking ahead, Q2 CPI forecast at 0.7% vs. 1.6% q/q. Oil & Gold (XAU) Investors flooded into Gold with the precious metal ... read more
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NZD/USD up in Asian trade

posted by Avatar forexanalysis 305 days ago in NZD made popular 305 days ago

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.25% to hit 1.2554 and EUR/NZD falling 0.19% to hit 1.6637. Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. ... read more
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First Nickel Establishes Hedge Facility

posted by Avatar forexanalysis 306 days ago in CAD

Combined with the funds received from the recently closed private placement, the Company has now satisfied all the conditions precedent for drawdown, with the exception of a CAD$/US$ exchange rate hedge which is in the process of being implemented. ... read more
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German Ifo Business Confidence Fell to Nine-Month Low in July

posted by Avatar forexanalysis 310 days ago in EUR

On the other hand the trend for consumer confidence and retail sales seem to be on a positive trend. Europe's new financing package for Greece will include a 50 billion-euro contribution from financial institutions through a series of bond exchanges ... read more