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USDCAD Remains Above Parity Following BOC Report
30According to the Bank of Canada’s quarterly report, economic growth to the Canadian economy may thin out in the next 12 months following stress from the European Union financial crisis
Eurozone Leaders Fail To Create Resolution
30Eurozone leaders failed to come to an agreement in forming a resolution for the region’s current crisis this afternoon – leaving the fate of the region up in the air
Don’t Expect Anything From The RBNZ
30Later this afternoon, the Reserve Bank of New Zealand led by Governor Alan Bollard will decide the fate of the country’s overnight cash or interest rate. Although there is some
Euro Tests Support at 1.3800
30As anticipated, the EURUSD failed to break above the 1.3950 resistance barrier in the overnight session. This has led to a precipitous decline through minor support figures to where the
What’s Happening With Currencies – October 26, 2011
30Major currencies are up on the day as expectations run high of a European resolution – scheduled be announced at midday in New York today. As a result, both the
GBPUSD Technicals Looking Bearish
30Testing resistance just above at 1.6000 at 1.5991, the GBPUSD’s prospects for further upside look to be in jeopardy. Although a break above the 1.6000 could spark momentum for movement
GBPUSD Declines On Manufacturing Confidence Drop
30Showing the biggest drop in almost two years, the CBI Industrial Trends Survey cast a pessimistic shadow on the UK manufacturing sector. Saddled with slowing orders on concerns of a
NZDUSD Drops On Lower Business Confidence
30On the heels of a dour report release by ANZ National Bank Ltd. the NZDUSD currency pair fell to a session low of 0.7937 – before recovering to trade at
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Recent Market News
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Look For Japanese Yen Weakness
The USDJPY hasn't seen the light of day since April 27th, since hitting the 82.71 intraday...
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Watch Out For The Indian Rupee
5/3/2011 The Indian rupee rally against the US dollar is in trouble. At least for the i...
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The Euro Is Set For A Move Higher
5/4/2011 In a reversal of what has been seen for most of the quarter, US economic data di...
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AUD, MXN Taking A Beating
5/4/2011 The Australian dollar is taking quite a beating on the day - falling by about 80...
