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Daily Forex Commentary
13/05/2010 |OzForex
:: US Dollar vs Canadian Dollar: The Canadian dollar continues to be a beacon of safety for international investors and Canadian bank bonds are a hot ticket. As mentioned yesterday, CAD is remaining relatively stagnant against the U.S. dollar but is reaching multi year highs against both EUR (8 ...
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Daily Forex Commentary
12/05/2010 |OzForex
:: US Dollar vs Canadian Dollar: The Canadian dollar continues to do well on the crosses but is remaining relatively stagnant against the USD compared to yesterday’s close. Canadian trade balance figures due out at 8:30 AM EST are expected to be strong once again and the market is still flying ...
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Daily Forex Commentary
11/05/2010 |OzForex
:: US Dollar vs Canadian Dollar: Risk aversion seems to be ignoring the Canadian dollar as we traded within a modest range overnight and open this morning only 15 points away from our close. While most currencies have given up 70 to 150 points to the USD, CAD remains a resilient, friendly port in ...
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Daily Forex Commentary
10/05/2010 |OzForex
:: US Dollar vs Canadian Dollar: It has only taken a pledge of €720 billion from the Euro zone to reassure markets that Spain, Portugal, Italy & Ireland will be rescued should they fall into dire straits as Greece has done. Meanwhile risk is definitely back on & with a vengeance. USD/CAD has seen ...
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Daily Forex Commentary
07/05/2010 |OzForex
:: US Dollar vs Canadian Dollar: USD/CAD plunged to 1.0350 after Canadian net employment posted a 108K gain, the highest level on record. After hitting 1.0750 yesterday in the heat of battle, strong Canadian fundamentals are clearly winning the day with market participants as the world melts ...
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Daily Forex Commentary
06/05/2010 |OzForex
:: US Dollar vs Canadian Dollar: USD/CAD managed to briefly flirt with the 1.0400 level in London but has pulled back to 1.0320 as longer term players continue to use this as an opportunity to renew long CAD positions. U.S. & Canadian employment data is out tomorrow which may assist CAD if a ...
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Daily Forex Commentary
05/05/2010 |OzForex
:: US Dollar vs Canadian Dollar: European sovereign debt concerns are intensifying and the U.S dollar is benefiting from the risk aversion trade that is taking place. USD/CAD has traded to 1.0300 and but is running into CAD buyers all the way up. U.S. dollar sellers are using this opportunity to ...
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Daily Forex Commentary
04/05/2010 |OzForex
:: US Dollar vs Canadian Dollar: USD/CAD is closing in on the 1.0200 level again as risk aversion due to European concerns plays out across currency markets. Consolidation of recent moves is ongoing and people continue to look for better levels to reengage long CAD positions. A move above 1.0215 ...
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Daily Forex Commentary
03/05/2010 |OzForex
:: US Dollar vs Canadian Dollar: USD/CAD was very quiet off shore but has slowly given back some of Friday’s U.S. dollar gains. North America will be hard pressed to dive into any frenzied activity before Friday’s employment figures for Canada & the U.S. Look for the range trade to continue for ...
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Daily Forex Commentary
30/04/2010 |OzForex
:: US Dollar vs Canadian Dollar: USD/CAD has traded in a tight range for the last 36 hours and will see support at or below par while a breach of 1.0060 is needed to get things moving higher again. With the Bank of Canada keeping a close eye on sovereign debt issues, the market is counting out ...
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