Tweet Commodities: Crude Oil continues rallying; hits 82.45, 7-week highFXstreet.com | Mon, Mar 8 2010, 12:13 GMT Forex: EUR/USD, capped at 1.3700, eases to 1.3635 areaFXstreet.com | Mon, Mar 8 2010, 11:48 GMT German industrial production in January grows MoM, but less than expectedFXstreet.com | Mon, Mar 8 2010, 11:07 GMT Forex: GBP/USD fails at [...]
Canadian Dollar Forecast to Appreciate Against USD
Tweet USDCAD – The ratio of long to short positions in the USDCAD stands at 3.51 as nearly 78% of traders are long. Yesterday, the ratio was at 2.78 as 74% of open positions were long. In detail, long positions are 12.5% higher than yesterday and 101.8% stronger since last week. Short positions are 10.9% [...]
British Pound Forecast Bearish versus Japanese Yen
Tweet GBPJPY – The ratio of long to short positions in the GBPJPY stands at 1.99 as nearly 67% of traders are long. Yesterday, the ratio was at 2.01 as 67% of open positions were long. In detail, long positions are 2.3% lower than yesterday and 3.2% stronger since last week. Short positions are 1.6% [...]
US Dollar Forecast Difficult Ahead of Nonfarm Payrolls
Tweet EURUSD – Euro Forecast Remains Unclear Ahead of NFPs GBPUSD – British Pound Outlook Remains Bearish USDJPY – Japanese Yen Forecast to Rally Further USDCHF – Swiss Franc Expected to Recover USDCAD – Canadian Dollar Forecast to Appreciate Against USD GBPJPY – British Pound Forecast Bearish versus Japanese Yen View individual currency SSI charts [...]
Canadian Dollar Continues to Outperform, New Zealand Dollar Poised to Push Lower
Tweet The Canadian dollar remains the best performing currency against the greenback on Thursday following the four-day rally, while the New Zealand extended the decline from earlier this week and continued to underperform amongst the major currencies. The Canadian dollar remains the best performing currency against the greenback on Thursday following the four-day rally, but [...]
Stochastics: closing above 20 and below 80
Tweet Student’s Question: Instructor’s Response: The Stochastics indicator gives its strong sell signal when the two moving averages that comprise Stochastics have first been above 80 and then close below the 80 level. The strongest buying signal is given when the two moving averages have first been below 20 and then close above 20. DailyFX [...]
USD/CAD Channel Convergence Creates Range Opportunity
Tweet Canadian dollar support was already strong following the better than expected GDP report and speculation that the BoC would look to raise rates in the second half of the year. Policy makers are committed to remain on hold until June but have seen their flexibility diminish as inflation has begun to rise. How stable [...]
CFTC 10:1 Leverage Proposal – Reminder to Submit your Comments
Tweet DailyFX provides forex news on the economic reports and political events that influence the currency market. Learn currency trading with a free practice account and charts from FXCM.
Crude Traders Unable to Exploit Technical Break as Risk Ways the Market Down
Tweet Without momentum to step in to support yesterday’s push above $80.50, the active light sweet crude futures contract on the NYMEX would ultimately be led to a corrective move. So, while the commodity technically marked its highest close since January 11th Wednesday, the market is still anchored to the congestion that has stalled progress [...]
Dollar Forestalls a Reversal as US NFPs Holds the Last Opportunity for Volatility this Week
Tweet o Euro Finds Little Confidence from the ECB’s Policy Decision, Greece’s Progress o Pound Break Unnerved by a Lack of Action, Commentary from the Bank of England o Canadian Dollar Advances on Strong Business Activity Read, Hawkish Rate Forecasts Dollar Forestalls a Reversal as US NFPs Holds the Last Opportunity for Volatility this Week [...]
