Jun 10, 2011

Forex Crunch USD/CAD Falls From Resistance on Lower Unemployment Rate

Forex Crunch USD/CAD Falls From Resistance on Lower Unemployment Rate

USD/CAD Falls From Resistance on Lower Unemployment Rate

Posted: 10 Jun 2011 04:02 AM PDT

The Canadian economy gained 22,300 jobs in May, within expectations. A significant surprise to the upside came from the unemployment rate, which fell once again, from 7.6% to 7.4%. USD/CAD, which was challenging resistance before the release, is now heading down. While the gain of over 22K was expected, it is important to note that

Eur/Usd Headed Even Lower While Below 1.47 – Video Analysis

Posted: 10 Jun 2011 01:59 AM PDT

Eur/usd fell to even lower levels in recent trade after earlier reversal from 1.4550 during Asian hours, when stocks were mixed with Japanese Nikkei up 0.4%, Australian ASX 0.2% while Hang Seng Index, South Korean Kospi Index and Chinese Shangai Composite Index lost some of thier value. German DAX traded negative at the European open

GBP/USD Bounces From Lows After Bad Data Released

Posted: 10 Jun 2011 01:32 AM PDT

British manufacturing production plunged by 1.5%, much worse than an unchanged figure that was expected. Also producer prices fell more than expected, with PPI Input dropping by 2%. GBP/USD that made big losses before the publications (rumors?) is now bouncing on a “sell the fact” behavior. The bad data leaves room for a resumption of falls.

USD/CAD Consolidating, EUR/USD Under Pressure

Posted: 10 Jun 2011 12:00 AM PDT

USDCAD: Consolidating But Vulnerable USDCAD:  Our outlook on USDCAD remains that of consolidation with upside bias as long as the 0.9737/0.9640 levels continue hold as supports. However, a clearance of the 0.9849 level must be triggered to resume its near term uptrend. This will set the stage for a run at the 0.9969 level, its

EUR/USD June 10 – Resumes Falls On Greek Deadlock, Core Weakness

Posted: 09 Jun 2011 11:43 PM PDT

Euro dollar continues its downfall many hours after Trichet’s press conference.The split in Europe around a solution for Greece is just huge and time is running out. In the meantime, signs of a slowdown come from Germany and France. How will the week end? Here's a quick update on technicals, fundamentals and what's going on

Forex Daily Outlook – June 10 2011

Posted: 09 Jun 2011 02:00 PM PDT

Monthly Budget Statement in the US and CPI in Europe are the major events this day. Here is an outlook on the market-movers awaiting us. In the US, Monthly Budget Statement summarizes the monetary activities of federal units, disbursing officers, and Federal Reserve banks, further reduce from -40.49 Billion US dollar in May to -150.00

AUD/USD June 10– Aussie Higher Against US Dollar on Lower US Trade Balance

Posted: 09 Jun 2011 12:14 PM PDT

The Aussie traded higher against the US Dollar Thursday following a less than expected decline in the US trade balance. The Aussie was trading at 1.0646, up 0.21% at the time of this writing. Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie traded higher throughout today’s session,

Trichet Hints Rate Hike Next Month, But EUR/USD Falls

Posted: 09 Jun 2011 05:20 AM PDT

Jean-Cluade Trichet used the code words “strong vigilance” to hint a rate hike in July. This was expected. On the other hand, he talked about risks and elevated uncertainty. He dedicates a lot time to the need for fiscal consolidation. The ECB left the rate unchanged at 1.25% as expected. Euro dollar lost support at
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)