Here’s a good one, Canadian payroll data is worse than expected while US data massively trumps consensus, which shows us the sell USD reflation trade is still on. With commodities also enjoying a huge lift from the payrolls the Loony is a major beneficiary, currently at 1.0983 after hitting 1.0960 the lowest level since September of last year. Support is seen at 1.0950 but Bond markets are reversing some of their losses, so the low may now be in place.
Usd/Cad reverses early rally
Source: www.forexlive.com
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JPY, USD firmer in Asian trade
The JPY and USD have firmed in overnight Asian trade, with risk aversion slightly heightened, and with Asian stocks posting losses. EUR/USD is down at 1.3865 from a North American close Monday around 1.3900, while EUR/JPY is down at 136.10 from around 136.95. Asian market seems to have picked up...
Forex Money Rain?
Money Rain Corporation is a Forex broker with a MetaTrader 4 platform that offers quite interesting conditions to its traders. Its description was uploaded to my site today. MRC offers trading mini accounts from $100. The most interesting advantage it has...
The “Soft And Fluffy” Hits All-Time High!
Woah, that’s all I can say. I never expected the price of cotton to sky-rocket like this. The image above is the 1-year chart of Cotton...
Points To Consider In Choosing The Right Forex Education
There are tons of companies offering different types of forex education, from the most basic down to the most advanced, and choosing the one or the ones that would really work, not to mention would be worth the money that you would be shelling out, can be a very daunting task if you are really bent...
Another bearish Euro piece from AEP
Ambrose Evans Pritchard is certainly consistent and it seems that this time he is taking his ‘facts’ directly from the source so there is less chance of him manipulating/massaging information to suit his case. That said, hearsay and chatter from the European banking world would seem to...