Loonie Retreats from Parity on Jobs
Canadian jobs didn’t were slightly disappointing, with a smaller than expected gain in jobs. This sent USD/CAD above parity. The battle around parity isn’t over. Canadian Employment Change showed a …
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What will move the Pound out of range?
The British Pound received good figures today, such as the GDP estimate, but is still bound in a range. Here are 3 things that push it up, three things that …
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EUR/JPY – Fear sent it off the cliff – More to come?
The forex markets are giving in to widespread fear about the Greek debt. We are seeing a full market reaction – a perfect risk aversive behavior, with one huge loser …
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Australian Jobs Aren’t Enough Against the Greenback Strength
Australian job figure were inline with expectations. This was enough for the Aussie against the Euro, but not against the greenback. Update on the Aussie. Background: earlier this week, the …
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Parity Party for the Loonie
USD/CAD made it to parity. Riding on the dollar’s weakness and rising oil prices, the Canadian dollar matches the US dollar for the first time in 20 months. Where will …
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AUD/USD Advances on Fifth Rate Hike
There were many doubts about this move. When it did happen, the Australian dollar reacted with a leap. The Aussie is now better positioned towards the next big release this …
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Dollar Rallies on Job Gains
It finally happened – the American job market gained 162,000 jobs in March. The highest gain in 3 years sends the dollar higher across the board. Not all currencies affected …
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Aussie Losing its Charm?
The Australian dollar dipped on bad fundamentals – something quite uncommon. Does this imply a long term change? An update on the Australian economy as well as AUD/USD technicals. At …
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GBP/JPY Breaking Higher
The British Pound got some great news, managed to climb. While GBP/USD stopped at a resistance line, GBP/JPY managed to break higher. Update on both pairs. British Nationwide HPI rose …
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EUR/USD – Yet Another Rise Before A Dive?
After losing a critical support line and making a deep dive, EUR/USD is making a nice recovery. Learning from the near past – fasten your seat belts for a fresh dive. …
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