USDCAD broke above 1.0340 key resistance, suggesting that a cycle bottom had been formed at 1.0247 level on 4-hour chart. Now the rise from 1.0247 is...
USDCAD broke above 1.0340 key resistance
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The Greenback Rose After Strong Economic Data
The release of strong economic data from the U.S. economy led to a stock market rally in the U.S. and the rest of the world. This led to strong implications for the Dollar. The Dollar rose against the Yen, whilst dropping against the British Pound. However, there was very little movement against...
Fed’s Fisher declares victory
Dallas Fed president Richard Fisher, perhaps the most hawkish member of the Fed, says the it has succeeded in pulling the economy back from the brink. The Fed is seeing results in the credit markets and that the banks are becoming less dependent on the Fed. Consumer confidence is recovering and...
US Bond markets very jittery ahead of NFP’s
The sell-off in 10 year US Treasury futures is intensifying pushing yield up above 3.75 and to their highest level since November of last year. The ongoing deficit worries continue to loom large over the bond markets. This has helped Usd/Jpy fill all the selling interest at 96.85/90 and move on to...
Euro being hurt by increased worries over Eastern Europe
The euro is being hurt by increased worries over Eastern Europe. Reports in Handelsblatt that IMF is discussing aid programmes with at least 10 Eastern European governments. Countries applying for loans for the first time include Bulgaria, Croatia and Macedonia. Stops have been triggered in EUR/USD...
GBP/USD Balances After Better Than Expected Construction PMI
By Fast Brokers - The Cable pulled back on declining volume yesterday, although losses were negligible. The GBP/USD is...