Forex Crunch USD/CAD Parity Gets Closer As Canada Loses Jobs

---

• USD/CAD Parity Gets Closer As Canada Loses Jobs
• EUR/USD Dips Into 6 Month Lows as Greece Faces Payment Freeze
• Obama deploys fiscal firepower
• EUR/USD Sep. 9 – Settling Above Critical Support After Trichet’s Blow
• Forex Daily Outlook – September 9 2011
• The Dust from Trichet’s Event Settled, But EUR/USD Dives Deeper in the Mud
• CFTC Sues 11 More Forex Companies
• USD/CAD: Trading the Canadian Employment Change
• Trichet Sends EUR/USD One Range Lower – More to Come?

USD/CAD Parity Gets Closer As Canada Loses Jobs Posted: 09 Sep 2011 04:07 AM PDT The Canadian job market surprisingly lost 5500 jobs in August. Expectations were much higher – for a gain of 24.2K. The unemployment rate ticked up from 7.2% to 7.3% as expected. USD/CAD is now moving higher, with parity getting closer. This follows the disappointment seen last month, when Canada gained only 7.1K jobs. The months beforehand were much better, with nice gains. Read the rest of the article USD/CAD Parity Gets Closer As Canada Loses Jobs

EUR/USD Dips Into 6 Month Lows as Greece Faces Payment Freeze Posted: 09 Sep 2011 02:09 AM PDT EUR/USD dipped into low waters, at levels last seen on March 11th. It temporarily breached the swing low of 1.3838 seen in mid June. Trichet’s soft tone yesterday and increasing worries about Greece are the main reasons for this slide. A failure in a Greek auction increased the prospects of a freeze in payments in mid October. Will the break be confirmed, and will this turn into an avalanche? Or will it bounce from here? Read the rest of the article EUR/USD Dips Into 6 Month Lows as Greece Faces Payment Freeze

Obama deploys fiscal firepower Posted: 09 Sep 2011 01:53 AM PDT US President Obama presented a package of measures last night that was larger than expected and aimed at restoring some confidence in the flagging US economy. The USD 450bln plan emphasised tax cuts, as well as an infrastructure spending bank with USD 80bln of firepower.  This was more a fiscal stimulus plan, rather than a few measure to support the jobs market that was anticipated ahead of the event. It's a measure of the shift that is occurring right now, away from monetary policy and back onto governments as the central bank toolbox looks somewhat bare. Read the rest of the article Obama deploys fiscal firepower

EUR/USD Sep. 9 – Settling Above Critical Support After Trichet’s Blow Posted: 09 Sep 2011 12:10 AM PDT Euro dollar is settling in an area last seen two months ago, after Trichet’s blow. Things are getting worse for Greece and as long as news from the US are stable, the pair has a chance of taking a deeper fall to a 6 month low. How will it end the week? Here's a quick update on technicals, fundamentals and what's going on in the markets. Read the rest of the article EUR/USD Sep. 9 – Settling Above Critical Support After Trichet’s Blow

Forex Daily Outlook – September 9 2011 Posted: 08 Sep 2011 02:00 PM PDT Canadian Employment data and the G7 meeting are the major events this day. Here is an outlook on the market-movers awaiting us. In the US, Wholesale Inventories. The value of merchandise inventory increased less than predicted in June rising 0.6% after an increase of 1.7% in the previous month. A rise of 0.8% is expected now. Read the rest of the article Forex Daily Outlook – September 9 2011

The Dust from Trichet’s Event Settled, But EUR/USD Dives Deeper in the Mud Posted: 08 Sep 2011 10:24 AM PDT EUR/USD lost support hours after Trichet’s press conference. It is now slowly but steadily moving lower. The next significant target is the swing low of 1.3838. Below this point, it’s the lowest level in 6 months. Not only Trichet is to blame, but also more scary talk about Greece. Update. Read the rest of the article The Dust from Trichet’s Event Settled, But EUR/USD Dives Deeper in the Mud

CFTC Sues 11 More Forex Companies Posted: 08 Sep 2011 09:44 AM PDT The companies are sued under the 2008 Farm Bill, the Dodd-Frank Act and the CFTC’s regulations. The 11 new lawsuits join 14 previous ones, making the total number 25.  Some of the firms are based in the US, while others are from the British Virgin Islands, Belize, the UK, Australia and Cyprus. Here are their names: Read the rest of the article CFTC Sues 11 More Forex Companies

USD/CAD: Trading the Canadian Employment Change Posted: 08 Sep 2011 07:52 AM PDT The Canadian employment change is an important leading indicator which tends to have a significant impact on the markets. Traders always take a close look at employment figures, and the employment change numbers could affect USD/CAD. Here are the details and 5 possible outcomes for USD/CAD. Read the rest of the article USD/CAD: Trading the Canadian Employment Change

Trichet Sends EUR/USD One Range Lower – More to Come? Posted: 08 Sep 2011 07:17 AM PDT Jean-Claude Trichet’s almost last press conference was on a softer tone regarding the economy, but on a harsher tone towards governments. EUR/USD ends the press one range lower, with significant downside risks, as Trichet said. Wrap up of this event and a look forward. Read the rest of the article Trichet Sends EUR/USD One Range Lower – More to Come?

You are subscribed to email updates from Forex Crunch To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610