It is rare that this Canadian prime minister takes a shot at his neighbor to the south but mild-mannered PM Harper called US deficits “Long-term, structural and dangerous” a short while ago. That’s gonna stick. It has the same rhythm as timely, targeted and temporary and safe, legal and rare, two famous predecessors. EUR/USD is gravitating toward the 1.3800 level, the neckline of the head and shoulders pattern broken earlier today. The text book tells us to sell the re-test of the breakout for an acceleration to the downside if 1.3800 holds.
EUR/USD drifts off lows; Canadian comments leave a mark
Source: www.forexlive.com
Read more...
Saudi Day of Rage Rumor Supports Oil; FX and Stocks Little Changed
By Michael Trinkle, ForexTraders Today stock markets are lower, while gold and oil remain stuck to their recent levels seemingly in a consolidation phase as the forex market similarly maintains a quiet USD-positive posture. Oil price, its recent performance, and the implications of the Mid-East...
Pepco Announces 15.4 Million Share Offering (POM)
Pepco (NYSE:POM) announced it entered a forward-sale agreement with Morgan Stanley for 15.4 million shares at close of the offering.Underwriters...
Bank of Ghana Hikes Rate 100bps to 13.50%
The Bank of Ghana raised its key lending rate 100 basis points to 13.50% from 12.50% previously. Bank of Ghana Governor,...
USDCHF traded in a narrow range
After touching 0.9971 resistance, USDCHF traded in a narrow range between 0.9855 and 0.9997. Key support is at 0.9855, a breakdown below this...
Short Term Weakness Seen In Gold
The price of gold of XAU/USD in the commodities market could be due for a correction in the near term. As you can see from its 4-hour chart...