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Daily Forex Commentary
22/02/2012 |OzForex
The U.S. dollar is higher vs. most currencies as players ponder what to do now that most of their positive expectations on a Greek debt restructuring have been met.
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Tuesday Morning Commentary
21/02/2012 |OzForex
The euro zone reached an agreement on a second Greek bailout that will permit the embattled country to meet its debt payment scheduled for March 20th.
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Friday Commentary
17/02/2012 |OzForex
Yesterday’s news that the ECB was swapping Greek bonds for EFSF bonds helped usher in a new wave of risk positive sentiment
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Thursday Commentary
16/02/2012 |OzForex
delay in Greek bailout talks has snapped the markets back into reality, putting the Euro under pressure
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Wednesday Commentary
15/02/2012 |OzForex
:: US Dollar vs Canadian Dollar: USD/CAD has drifted lower in this back drop and is near recent lows. We are still within recent ranges and need to trade below .9880 to see a further leg lower. Strong support remains between .9925 & .9880 with .9980 above being resistance. ...
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Tuesday Commentary
14/02/2012 |OzForex
:: US Dollar vs Canadian Dollar: USD/CAD remains range bound as the pair is pulled in different directions by various market sentiments. A move above 1.0085 is needed to alleviate downward pressure and I believe this will come in the form of continued European concerns as we head closer ...
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Monday Morning Commentary
13/02/2012 |OzForex
:: US Dollar vs Canadian Dollar: USD/CAD has retraced from Friday’s high of 1.0040 and is sitting at the .9975 support zone. We will remain susceptible to European events but the market appears happy to buy CAD on any major weakness for the time being. A move above 1.0085 is ...
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Friday Commentary
10/02/2012 |OzForex
:: US Dollar vs Canadian Dollar: The Greenback has regained most of last week’s loss opening this morning at 1.0023 against the Loonie. Fear has temporarily creeped back into the market overnight, which spurred buying of USD. This 70 bps gain was mainly due to negative news from ...
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Thursday Commentary
09/02/2012 |OzForex
:: US Dollar vs Canadian Dollar: I am finding it difficult to come up with any new comments on USD/CAD as we remain stuck in a range between .9930 & .9995. A move above parity will certainly spark a rally targeting 1.0085 minimum but that sounds like wild and crazy stuff given our ...
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Daily Forex Commentary
07/02/2012 |OzForex
:: US Dollar vs Canadian Dollar: USD/CAD remains range bound with a myriad of technical studies providing support between 0.9880 and 0.9965 while a break above 1.0000 is needed to relieve immediate down side pressures.
- We expect a trading range of 0.9930 and 1.0000.
:: Canadian ...
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