USDCAD consolidates below 1.0678 resistance. Range trading between 1.0540 and 1.0678 would more likely be seen in a couple of days. Support is at the...
USDCAD consolidates below 1.0678
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FOREX VIDEO | NEW YORK SESSION REVIEW | July 14, 2009
Lower than normal volatility and a general lack of direction in currency markets meant only snack-size profits during today’s New York session. A routine go-long-at-the-hourly-21 trade yielded a 40 pip profit before the London close. Curt Wehrley FX Bootcamp’s Quantitative...
GM, Toyota sales tumble
Gm sales fell 29.6 percent in May versus the year ago period, but those sales look robust compared to Toyota. Their sales fell 38.4% from a year ago. Over the prior month though, sales were improved. UPDATE: Chrysler sales fell 47% from year-ago...
UK retail sales in May -0.8%, YoY
This comes on the back of a very strong retail sales number last month but when one delves a little deeper into the figures, one sees a very weak April 2008 figure which made April 2009 look good and similarly a strong May 2008 result has dropped off and this makes May 2009 look bad. Lies, damn...
USD/CAD intraday seasonality overview, 2003-2010
The regime change from mean reversion to trend following is seen to occur daily in USD/CAD. Like in other pairs studied so far, the statistically preferred time to bet on a trend reversal in USD/CAD is the morning hours of the Asia-Pacific trading session. Evidence for that comes from the...
Dukascopy Afternoon Forex Overview - Sept 25 09
Previous session overview The euro weakened Friday morning against the dollar after worse-than-expected U.S. durable goods data threw cold water on a possible risk rally. In another sign of a pause in economic recovery, durable goods dropped 2.4% in August to USD164.44 billion. Economists had...