ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
|
Usd/cad Parity On JulyTitle:
Canadian Interest Rate Decision
Today the BoC will release its interest rate decision and its accompanying statement. Canadian retail sales are also on the economic calendar though markets will be squarely focused on the BoC. The CAD has recovered nicely with the USD/CAD looking to move back below parity today.
Inflation is beginning to pick up in the developed economies of the world (US core 2.0% and UK 3.3%) and Canada is no exception to this phenomenon. Last week Statistics Canada reported a larger than expected jump in ...
Title:
YouTradeFX Daily Market Analysis : 14/10/2011
EUR/USD
The EUR/USD retreated on Thursday as the market started to lock on profits amid generally eased woes over the outlook for the euro area where investors returned to focus on the weak data and the fragile state of the global economy.
Investors remain upbeat on the prospect for a resolution to the debt crisis and see leaders walking in the right path, especially after EC President Jose Barroso presented a broad plan to contain the crisis including economic governance, bank ...
Title:
Markets Consolidate Before the End of the World
The Week Ahead
Highlights
Markets consolidate before The End of the World
Greek problems get worse before they get better?
The euro hinges on Spain
Japan's economy still in a 'very severe' state
The Loonie may see weakness ahead
Key data and events to watch next week
Markets consolidate before The End of the World
This past week saw most major asset markets and currencies essentially consolidate around recent lows following the sell-off in the first half of May. ...
Title:
QE Speculation Leads to Broad-based USD Weakness
The Week Ahead
Highlights
* QE speculation leads to broad-based USD weakness
* The UK's deficit plan under the microscope
* MPC minutes crucial for sterling in the short-term
* Europe's peripheral concerns put to bed for now
* BoC likely to hold steady on rates, growth concerns
* Key data and events to watch next week
QE speculation leads to broad-based USD weakness
The markets have been fixated on the potential of further Fed easing measures in the form of a second ...
Title:
Canadian Dollar Heads to Parity with Greenback
The Canadian dollar traded near parity with its US counterpart after the report showed the new home prices unexpectedly grew in August and as the commodities rallied, increasing the appeal of the growth-related currencies.
The New Housing Price Index increased 0.1 percent in August following the 0.1 percent decrease in July. The analysts expected the 0.1 percent drop. November delivery for crude oil, the key Canada’s export, gained as much as 2.2 percent to $83.45 per barrel on NYMEX, while the ...
Title:
Technical analysis of the USD/CAD parity on October 14th, 2010
Commentary of the USD/CAD parity :
The parity continued its bearish movement. The breakout of 1.0050 gave us a new sell signal. Currently, the parity is testing the long term support at 0.9984. This level gave support from April 16th to 26th 2010 and also on July 23th 2008. The breakout of this level will give a new sell signal. We maintain to trade only short positions as far as 1.0050 is resistance.
See the previous analysis of the USD/CAD parity of October 13th, 2010
Title:
Loonie Rallies After BHP’s Potash Hostile Bid
The Canadian dollar rose as the North American stocks rallied after the hostile bid for the Potash Corp. by the BHP Billiton Ltd., which increased the appeal of the growth-linked assets.
The future for crude oil, Canada’s main export, slid as much as 2.6 percent to $73.83 on NYMEX, the lowest level since July 7th. The slump of the oil prices was overshadowed by the rally of the stocks after the BHP offered $130 in cash for each Potash share ($40 billion for the whole deal). The Standard & Poor’ ...
Title:
Technical analysis of the USD/CAD parity on July 29th, 2010
Commentary of the USD/CAD parity :
The parity made a pullback on 1.0382 and then got back into its bearish channel. So, we maintain to trade only short positions as far as this level is resistance. The breakout of 1.0225 will give a new sell signal. However, if 1.0382 is broken, we could trade long positions.
See the previous analysis of the USD/CAD parity of July 28th, 2010
Title:
Technical analysis of the USD/CAD parity on July 28th, 2010
Commentary of the USD/CAD parity :
The parity made a pullback on 1.0360 and is now moving into a bearish channel. Currently, the parity is testing again the support at 1.0225. The breakout of this level will give a new sell signal. We maintain to trade only short positions as far as the price is moving into its channel. If an exit occur, we will stay neutral. Only the breakout of 1.0382 will allow us to trade long positions.
See the previous analysis of the USD/CAD parity of July 27th, 2010
|
||||||
