The Usd is off slightly from yesterday’s levels due to a light trading session in Europe. The EurUsd is trading with a 1.58 handle, while the UsdJpy rose to the high 106 price. The GbpUsd broke its previous support level trading lower at 1.99, it held ground at 2.00 most… Read More …
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… the Canadian dollar should be trading at par with the US dollar. We’re not sure exactly how traders became convinced, but this explains why we’ve seen a departure between the Canadian dollar’s correlation with commodities and commodity currencies. At one point we’d have expected the Loonie to surge to… Read More …
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The lack of fundamentals from the US session did not much help the dollar to strengthen against majors as the focus is upon the weekly closings which might validate the upside wave for majors. The euro is still consolidating trading now around its opening levels near 1.5840s, the euro failed… Read More …
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Today sees two relatively minor reports in Canada – wholesale sales and leading indicators. Neither should be a market mover; however, after a decent gain in manufacturing sales in June, watch for prices possibly to boost wholesale trade. Next week, retail sales for May (on Tuesday) and the CPI… Read More …
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After the greenback was starting to gain strength once again in the markets during the morning session, now it is back to falling as a result of the negative sentiment that is still in the markets due to the financial market crisis ongoing. Today the U.S economy is fundamental free… Read More …
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The dollar strengthened sharply to highs around 107.10 in US trading on Thursday as Wall Street attempted to rally again on an improvement in risk appetite while the yen also depreciated sharply against the Euro. Weaker than expected US earnings data pushed the dollar weaker late in US trading and… Read More …
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A relatively quiet and data free night in the currency market as FX trading continues to be influenced by macro rather than micro factors. After the US equity close yesterday Microsoft, Google and most importantly Merrill Lynch reported disappointing results stoking fears that US economy may be on the verge… Read More …
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The greenback headed for a weekly advance against the euro, rebounding from a record low on indications that U.S. investment banks will withstand the credit market losses arising from the nation’s subprime mortgage collapse. ‘The dollar is getting a boost as the markets correct excessive pessimism about the U.S. financial… Read More …
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The Dollar surged against the Yen on Thursday and erased earlier losses versus the Euro as Oil prices plunged and investors worried that high energy costs and financial market turmoil were slowing global growth. US stocks also rallied as Oil fell for a third straight day. That helped the Dollar… Read More …
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