USDCAD: The CAD had finally crossed below important Resistance at the 100 day moving average. In addition, the 50 day moving average just crossed back below the 200 day MA providing extra momentum for price appreciation. Yesterday’s...
By the end of Wednesday the USD began to recover some of its lost value against the EUR and GBP. The day will not be remembered as a volatile one, but the greenback did bounce back proving...
The EUR lost ground to the USD on Wednesday and this came about without little in the way of data from Europe. The Final Services PMI was released yesterday and it did come in with a slightly...
The Sterling lost some of its value on Wednesday, but this came after very strong gains early in the week and before. The Halifax HPI did better than anticipated with an outcome of 0.6% compared to the...
The Japanese Finance Minister made a statement saying that the strength of the JPY posed a problem for the Japanese economy. However, this is not exactly intervention and investors have seen that while the Japanese government on...
The USD continued to lose ground to the major currencies across the spectrum on Tuesday. Data from the States produced another lackluster day and will likely set the tone for a rather cautious approach going into the...
On little economic data from the E.U. the EUR continued to effectively trade to the stronger part of its month long trend. Today the Final Services PMI will be released and is anticipated to have a mark...
The Sterling gained again on Tuesday as traders continued to back the GBP even as the Construction PMI left a sour taste. The Construction PMI turned in a reading of 54.1 compared to the estimate of 58.2....
The JPY finds itself at its highs against the USD and traders and the Japanese government are watching its results with interested and concerned eyes, though not likely for the same reason.
USDCAD: This has been a volatile pair to watch because it is trading in between the major moving averages. However, for the near term the CAD has now finally retaken the 100 day moving average. Additionally, the...
