This week’s Forex markets have been highlighted by low volume and tight ranges, leading to the formation of consolidation patterns in many of the major currencies.
Canadian Dollar
Fundamental and technical analysis of the U.S. Dollar/Canadian Dollar (USD CAD).
U.S. Dollar Mixed after Bearish Jobs Data Report
The U.S. Dollar is trading mixed this morning showing weakness against the Japanese Yen, Swiss Franc and Euro as Forex traders absorbed employment data showing the U.S. economy added...
Commodity-Linked Currencies Not Reacting Yet to Stronger Metals
Higher commodity prices led by rallies in Gold and Silver are not helping the commodity-linked currencies this morning. Earlier in the trading session, it looked as if the Australian,...
Forex Traders Working to Figure Out IMF News Impact
U.S. Dollar looks strong on the opening. The focus will be on the Euro and how traders react to the arrest of the IMF chief this week-end in New...
USD CAD Approaching Key Retracement Zone
Commodity-linked currencies are also under pressure this morning, led by an almost 1% drop in the Canadian Dollar.
FOMC Decision Should Not Change U.S. Dollar’s Downtrend
There is not much change in the currency markets overnight ahead of the start of the Federal Open Market Committee’s two-day meeting.
U.K. Inflation Surge Triggers USD GBP Rally
The GBP USD jumped overnight on renewed talk of an interest rate hike by the Bank of England. Traders reacted positively to the news that the Office for National...
Euro Likely to Break to 1.3733
The Euro continued to erode following its closing price reversal top earlier in the week. Downside momentum helped drive the Euro closer to the retracement zone at 1.3732 to...
USD/CAD Set-up for Reversal Bottom if Libyan Tensions Ease
The Canadian Dollar rallied to its highest level since March 2008 against the U.S. Dollar after crude oil had its biggest weekly gain in two years. The recent rally...
Weak Commodity Prices Boosting USD CAD
The Canadian Dollar declined for the first time in ten days after crude oil came under pressure and dropped below $90 per barrel. Earlier in the trading session, the...
Dollar Strengthens Against Yen on Higher Optimism
The USD JPY strengthened for a second day as traders turned a little more optimistic about a U.S. economic recovery. Traders are looking for a slight improvement in the...
U.S. Dollar Edges Up Ahead of Jobs Report
The U.S. Dollar is trading slightly better against most major currencies ahead of this morning’s ...
Fresh Liquidity Driving Greenback Lower
This morning the Dollar is getting pounded once again. Simply stated, new liquidity means a ...
Greenback Mostly Down Versus Majors at Mid-Session
The U.S. Dollar is trading mostly lower against the major currencies under thin conditions. News ...
U.S. Dollar Mixed; Likely to Trade Rangebound
The Greenback is trading mixed this morning as investors prepared for next week’s U.S. Federal ...
Better Economic Data, Fed Survey Rumors Fuel Canadian Dollar Rally
Better economic news from the Euro Zone coupled with an improved U.S. Weekly Job Claims ...
Dollar/CAD Setup for Rally to 1.0262
Fundamentally, the recent decision from the Bank of Canada to refrain from an interest rate ...
Greenback Hammered after G-20 Offers No Support
The U.S. Dollar is trading sharply lower against all major currencies after the Group of ...
Greenback Rebounds after Earlier Setback
The U.S. Dollar mounted a turnaround during the New York session, driving it higher against ...
U.S. Dollar Flat Overnight as Traders Await Economic Numbers
The U.S. Dollar was trading flat overnight as traders await this morning’s key economic numbers. ...
