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USD/CAD Outlook February 13-17

posted by Avatar olivia 7 hours ago in CAD, Economic Indicators made popular 6 hours ago

The Canadian dollar retreated after 4 weeks of gains, but USD/CAD managed to stay below parity. Inflation data is the highlight of this week. Here's an outlook for the Canadian events and an updated technical analysis for the Canadian dollar. read more
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GBP/USD: Trading The U.K. Consumer Price Report

posted by Avatar Burum 23 hours ago in USD, GBP made popular 22 hours ago

In turn, a weak CPI reading could spark a sharp reversal in the GBP/USD, and we may see the exchange rate fall back towards the 38.2% Fibonacci retracement from the 2009 low to high around 1.5730-50 to test for near-term support. read more
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USD/CHF Ranging Between 0.9088 and 0.9264

posted by Avatar FXTimes 1 day 4 hours ago in USD, CHF, Technical made popular 1 day 36 minutes ago

The bearish bias we saw in the previous update did not materialize into a breakout to the downside. Instead the market edged lower but bounced off the 0.9088 level. A The 1H chart shows that this came after a bullish divergence with the RSI readi read more
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NZD/USD Fundamental Analysis February 10, 2012, Forecast

posted by Avatar FXEmpire 1 day 4 hours ago in USD, NZD, Fundamental

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

A higher than expected reading read more
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USD/CAD Forecast February 10, 2012, Technical Analysis

posted by Avatar FXEmpire 1 day 4 hours ago in USD, CAD, Technical

USD/CAD fell slightly during the session on Thursday, continuing a pattern of range bound trading that we have seen over the last several days. The 0.99 level continues to act as support, and the parity level continues to act as resistance. The p read more
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NZD/USD Forecast February 10, 2012, Technical Analysis

posted by Avatar FXEmpire 1 day 4 hours ago in USD, NZD, Technical made popular 1 day 4 hours ago

The NZD/USD pair continued to grind sideways during the Thursday session as the pair takes a breather from the massive bull move it had recently seen. The Dollar is under pressure in general, and the commodity currencies have been loved since the read more
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AUD/USD Forecast February 10, 2012, Technical Analysis

posted by Avatar FXEmpire 1 day 5 hours ago in USD, AUD, Technical made popular 1 day 4 hours ago

The AUD/USD pair had a fairly quiet session on Thursday, but is struggling at the 1.08 resistance area. The Aussie has enjoyed a massive rally lately, and the pair simply needs to rest as the bullishness will need to slow down in order for those read more
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Positive Trade To Be A Boost for CAD in 1st Half of 2012

posted by Avatar FXTimes 1 day 5 hours ago in CAD, Fundamental, Trade made popular 1 day 1 hour 37 minutes ago

In a positive fundamental development for the Canadian economy and therefore for the Canadian dollar, the country's trade surplus swelled to a three-year high of C$2.69 billion in December. A better trade balance will go a long way to solidifying read more
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US Dollar Gains as Greece Jitters Re-Emerge

posted by Avatar MMarquit 1 day 6 hours ago in USD

With concerns rising about Greece yet again, the US dollar is gaining as risk aversion rises and Forex traders look for safe haven. read more
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Pound Heads for Weekly Loss Versus Euro as House Prices Fall; Gilts Gain

posted by Avatar peigordon 1 day 8 hours ago in USD, EUR, JPY, GBP, CAD, AUD, NZD made popular 1 day 6 hours ago

There is still scope for some more BOE stimulus and that pushes the chance of UK interest rate increases far into the distance. The pound is on the back foot. The pound was little changed at 83.92 pence per euro at 9:24 am London time after falling ... read more
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EUR/USD Loses Support as Greek Leader Opposes Bailout Deal

posted by Avatar forexcrunch 1 day 9 hours ago in USD, EUR made popular 1 day 8 hours ago

Greek leader Karatzaferis came out with a harsh statement: “we don’t need the German boot” and said he would vote against the bailout program proposed by the troika.

EUR/USD lost distinct support and other currencies are slammed against the sa read more
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EU Morning Report - Greece agrees on further austerity

posted by Avatar forexpromos 1 day 12 hours ago in EUR, Daily made popular 1 day 11 hours ago

The euro produced moderate gains against its major counterparts after Greek political leaders reached an agreement on additional fiscal reforms. read more