USDCAD breaks above the falling price channel on 4-hour chart, suggesting that a short term cycle bottom is being formed at 1.0397. ...
USDCAD breaks above price channel
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Daily Forex Outlook - FED remains Dovish, USD Weak
U.S. Dollar Trading (USD) was on the back foot as stocks rallied around the world and the Federal Reserve left rates at 0.25% and stating that rates would remain low for an extended period of time. ADP October Employment Report was -203k vs. -188k previously. Also released, ISM Services forecast at...
Better demand for Long Bond this time around
The 30-year bond was in much better demand this time around than it was a month ago. The bid to cover was 2.68 and the yield was 4.72%. Indirect bids were high, taking nearly half the auction, so higher rates must be attracting fresh investment. Risk assumption is alive and well, sending the dollar...
Pound breaks the 1.0600 resistance and Euro trading above 1.3300
By TraderVox.com Tradervox (Dublin) - The single currency held on the recovery the late night recovery of yesterday as it traded above...
Oil price surge threatens forex reserves
By By our correspondent KARACHI: The surge in the crude oil price threatens to drain foreign reserves of the country, which will result in more loans being ... See all stories on this...
Strong Dollar - We give in
By Back Bay FX - Ever since the US Fed’s FOMC statement on June 24, we have held a fundamental position that...