Monday, June 1st - The Canadian Gross Domestic Product decreased in the first quarter of 2009 by the most since 1991...
Canada’s GDP falls 5.4% in 1st Quarter, most since 1991. CAD falls in Currency Trading
Source: feedproxy.google.com
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Iran erupts as voters back “the Democrator”
A rather graphic description of the aftermath of the Iranian presidential elections. Interesting insights into how Ahmadinejad got some of his...
USD/JPY Daily Outlook
Daily Pivots: (S1) 88.97; (P) 90.16; (R1) 90.83; USD/JPY’s dived to as low as 88.23 before turning sideway. At this point, intraday bias remains on the downside and fall from 97.77 is still expected to continue. Next target will be 87.12 key support level. On the upside, above 89.90 minor...
Fed not tightening yet but market is…
Two-year note yields are 31 bp higher this afternoon than the were before the employment report. Comments from NY Fed president Dudley suggesting the Fed can rein in its QE policy if the bond back-up is driven by economic optimism (rather than fear of deficit spending) is helping ramp the dollar...
AUDUSD stays in a trading range between 0.9157 and 0.9381
AUDUSD stays in a trading range between 0.9157 and 0.9381 and the price action in the range is treated as consolidation of uptrend from 0.8577 (Feb...
The Greenback Weakens despite Positive Data from U.S
Today’s upcoming G20 Summit of the 20 most industrialized nations in Berlin, Germany today is set to dominate USD trading. Additionally, the forex market is set to go very volatile on the publication on the U.S. Import Prices indicator at 12:30 GMT, and the publication of the U.S. Consumer...