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CAD/USD Afternoon Forex Update
Yesterday we saw USD/CAD break above key resistance level 1.3000 to reach 5-year highs, but those gains have been short lived with USD/CAD trading at 1.2823. The USD/CAD still has nearly 200 pips to...
View ArticleIran Questions Turn Currencies
A new factor has joined the currency marketplace. On Monday, Asian equities gained strength on the news that the Geneva agreement, designed to curb Iran’s nuclear program and permit the flow of oil...
View ArticleForex Volatility
Stronger than expected economic data strengthened the dollar but seemed unlikely to prompt an immediate taper by the Federal Reserve. Third quarter US GDP growth surprised analysts, growing at a 3.6...
View ArticleBank Of Canada Keeps Loonie Low
The Bank of Canada’s policy statement sank the Canadian dollar to 4.5 year lows as the central bank supported the policy by emphasizing lower values would help to boost Canada’s weakening export trade....
View ArticleData Mix Boosts Equities, Weakens USD
Better than expected news from the US Labor Department was offset by disappointing news from the Commerce Department sending equity markets higher as the dollar lost ground against major currencies....
View ArticleWeather Sinks Jobs
Weather took the blame for a second consecutive non-farm payroll report as equity investors blinked but quickly recovered leaving the dollar and bond market to shoulder the load on Friday. With...
View ArticleMarkets Blame Weather
As New York and the rest of the northeast prepared for another wintry assault, markets appreciated the strain on the economy and seemed sympathetic to soft data from the employment and consumer...
View ArticleAbout Trading Forex Pairs
If you are an individual Forex investor, your success will depend upon your ability to read how giant Forex traders will interpret a host of factors that affect the demand for a specific currency...
View ArticleUkraine Tensions To Persist
On Tuesday, major equity markets rallied while currencies appeared distracted by Russia’s invasion of Ukraine but Wednesday showed signs of tenuous stability. Economic factors began to take hold in...
View ArticleFlight To Safety
Tough talk at the UN and from US Secretary of State John Kerry to the US Congress, and from Germany’s Chancellor Angela Merkel sent uneasy tremors through global equity markets and turned Forex...
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