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Wednesday Commentary
16/05/2012 |OzForex
US Dollar vs Canadian Dollar: The top so far has been 1.0132 and we are officially out of our range. The FX markets continue to shed risk lead by sell offs in commodity based currencies. This move has caught people off guard and may extend further. U.S. dollar sellers are ...
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Daily Forex Commentary
15/05/2012 |OzForex
US Dollar vs Canadian Dollar: The USD/CAD has slipped below parity today as solid US manufacturing figures provided a minor lift to risk appetite. Technical support at 0.9960 and 0.9980 should halt any Loonie momentum today while resistance at 1.0050 will hold the USD. Market ...
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Daily Forex Commentary
14/05/2012 |OzForex
US Dollar vs Canadian Dollar: The USD/CAD opens the session at 1.0040 as the market shifts to risk off mode. The Loonie strengthened 100 points on Friday on the back of the impressive Canadian employment data but has since been crushed by overall market sentiment. This Friday we ...
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Daily Forex Commentary
11/05/2012 |OzForex
US Dollar vs Canadian Dollar: The USD/CAD tested the 1.0050 resistance level overnight as softer data out of China pushed investors to the USD. The Loonie weakness was short lived as impressive data this morning pulled the pairing below parity. The Canadian employment figures ...
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Daily Forex Commentary
10/05/2012 |OzForex
United States Dollar: USD/CAD has drifted lower testing short term support near .9980 after failing to convincingly break above 1.0050, hitting a high of 1.0063 yesterday. We will continue to follow global trends but tomorrow’s employment data will be eagerly awaited to ...
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Daily Forex Commentary
09/05/2012 |OzForex
US Dollar vs Canadian Dollar: USD/CAD has tested the 1.0050 which is the top of our 4 month range in European trading as CAD continues to suffer from lower oil, general risk aversion and anticipation of a weak employment report on Friday.
We expect a range today of .9980 ...
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Daily Forex Commentary
07/05/2012 |OzForex
US Dollar vs Canadian Dollar: USD/CAD traded to a high of 0.9985 overnight as oil is trading comfortably below $100 per barrel while elections in Europe and a hangover effect from underwhelming U.S. data weigh on the CAD. Traders expected heavy USD selling near and around ...
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Daily Forex Commentary
04/05/2012 |OzForex
US Dollar vs Canadian Dollar: The USD/CAD pair broke above the near term resistance level around the 0.9900 area this morning after a worst than expected employment number out of the U.S. This may put the pair back in the range we’ve been in for most of the first ...
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Daily Forex Commentary
03/05/2012 |OzForex
US Dollar vs Canadian Dollar: The USD/CAD is slightly lower at 0.9840 as positive US Initial Jobless Claims provided a minor boost to risk appetite. Tomorrow all eyes will be on the US Unemployment figures which will provide direction in the paring for the short term. Technical ...
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Daily Forex Commentary
02/05/2012 |OzForex
US Dollar vs Canadian Dollar: The USD/CAD dropped to 0.9840 yesterday as surprisingly strong US manufacturing figures buoyed North American currencies. The Loonie strength was short lived as overall market sentiment has moved negative overnight pushing the USD back up to ...
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