Feedback Form

Avatar Rick2

29 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

USD/CAD weekly outlook: May 21 - 25

posted by Avatar Rick2 6 days ago in CAD made popular 6 days ago

... as ongoing concerns over the crisis in the euro zone overshadowed strong Canadian economic data. USD/CAD hit 1.0225 on Friday, the pair's highest since January 16; the pair subsequently consolidated at 1.0218 by close of trade, jumping 2.14% on the ... read more
24 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Chart AUD/JPY Update: Bears back in control

posted by Avatar Rick2 9 days ago in AUD made popular 9 days ago

High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, ... read more
31 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

97% Of SF USD Teachers Vote To Authorize Strike

posted by Avatar Rick2 14 days ago in USD, CHF made popular 14 days ago

by Bay City News San Francisco Unified School District teachers have voted to authorize a strike in response to a stalemate in contract negotiations with the district, union officials said today. About 97 percent of teachers on Thursday night approved ... read more
26 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Risky Assets Look Vulnerable

posted by Avatar Rick2 15 days ago in all made popular 15 days ago

The British pound is being hit, the GBP/USD pair is heading to retest the key support at 1.6060. Meanwhile the overall bullish trend remains intact so far, where below 1.6060 there is a key ascending trend line around 1.6000 psychological resistance. read more
29 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

US soybeans gain on China demand, supply woes

posted by Avatar Rick2 34 days ago in USD, EUR, AUD made popular 34 days ago

Argentina cut its official estimate for this year's soy and corn crops late on Thursday, and many traders expect the US Agriculture Department to slash its own estimates in the USDA's next supply-and-demand report due early next month. read more
37 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

NZD weakest performer

posted by Avatar Rick2 40 days ago in NZD made popular 40 days ago

On the data front, there is industrial production and some regional Fed manufacturing indices to keep an eye on. More evidence of building US economic momentum would support the USD, and add to the headwinds facing the EUR/USD. NZ yields followed their ... read more
37 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

US Dollar Price Action to Be Taken with Grain of Salt in Holiday Session

posted by Avatar Rick2 50 days ago in USD made popular 50 days ago

Nevertheless, given the Fed's recent shift away from additional stimulus, it would probably take a really bad number to rock the boat and open a resurgence in broad based US Dollar weakness. Truthfully, even a bad number could be USD positive if ... read more
5 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Canadian Dollar Falls as Crude Oil Drops, Risk Sentiment

posted by Avatar Rick2 53 days ago in CAD, Commodities made popular 53 days ago

For the Canadian dollar to rise against the US dollar, we'd have to have a persistent risk-on environment. Canada's currency, nicknamed the loonie, was down 0.2 percent to 99.25 cents per US dollar at 7:45 am in Toronto. read more
33 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

FX GBP/USD: Cable likely to struggle to recover in the short-term

posted by Avatar Rick2 59 days ago in USD, Economic Indicators made popular 59 days ago

Sterling is still suffering some from the downward final revision to UK Q4 GDP in terms, but at this point the main driving factors is a risk-off trade that's driving the dollar higher. That may moderate into the afternoon, but GBP/USD may not garner ... read more
38 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Gloomy trading taking over the Asian session

posted by Avatar Rick2 60 days ago in USD, EUR, CAD, AUD made popular 60 days ago

Yet, the IMF predicted that there will be a modest growth in the US, along with a mild recession in Europe, however there will be a continuation of a comfortable level of growth in Asia with a soft landing in China. Turning to the currencies, ... read more
36 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Swiss Consumer Prices Drop Most in More Than Two Years on Franc's Strength

posted by Avatar Rick2 106 days ago in USD, JPY, CAD, AUD, NZD made popular 106 days ago

... per euro in September. Acting Chairman Thomas Jordan said on Feb. 7 policy makers remain firmly committed to defending the ceiling and that they stand ready to take further measures if the economic outlook and the risk of deflation so require. read more
32 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Greek unemployment rises to record 20.9 pct in Nov

posted by Avatar Rick2 107 days ago in all made popular 107 days ago

Greece's jobless rate rose to a fresh record of 20.9 percent in November from 18.2 percent in October, statistics service ELSTAT said on Thursday, as the debt crisis and austerity measures took their toll on the labour market. read more