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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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Daily Forex Commentary
06/02/2012 |OzForex
:: US Dollar vs Canadian Dollar: USD/CAD is back near parity after a brief foray under 0.9950 on Friday after the strong U.S. employment data favoured the North American currency block. Friday’s poor Canadian data was largely ignored and we await this morning’s purchasing ...
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Daily Forex Commentary
03/02/2012 |OzForex
:: US Dollar vs Canadian Dollar: The USD jumped 45 points earlier this morning as softer Canadian Employment figures were released. The Canadian Unemployment Rate rose to 7.6% highlighting signs of a possible slowdown in economic growth. The US Employment figures were also printed today with ...
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Daily Forex Commentary
02/02/2012 |OzForex
:: US Dollar vs Canadian Dollar: USD/CAD is still well supported below parity and is technically oversold on daily basis. The possibility of one last exhaustive spike to the October lows is very real, especially if we get strong employment figures on Friday, but many Traders believe current ...
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