Back

Forex: USD/CAD stabilizes around 1.0200

FXstreet.com (Barcelona) - The Canadian dollar is posting gains against its fellow neighbour on Friday, extending its correction from yesterday’s lows in the boundaries of 1.0280 on solid jobs data from the US economy.

The CAD has followed its risk-associated peers on Friday, dragging the cross to the area of 1.0180 after softer-than-expected consumer sentiment from the Reuters/Michigan index and higher inflation figures in the American economy.

At the moment the cross is down 0.28% at 1.0194
Next support levels align at 1.0160 (low Feb.22) followed by 1.00998 (Lower Bollinger) and then 1.0055 (low Feb.18).
On the upside, a breakout of 1.0231 (MA21d) would aim for 1.0267 (MA10d) and finally 1.0315 (high Mar.8).

Forex Flash: AAA yields influence AUD/CAD cross – Westpac

The AUD/CAD has spent a modest 6.6% of its post-1983 trading days in the 1.05-1.1000 band. However, “it is still far too soon to expect a move to near the 0.9400 long-term average as Australia continues to benefit from the growth in its key East Asian trading partners, while Canadian exporters are constrained by the patchy US recovery (Westpac forecasts 1.6% growth in 2013).” writes Global FX Strategist Sean Callow at Westpac.
Đọc thêm Previous

Forex Flash: GBP or not GBP, that is the question - Societe Generale

Sebastien Galy, Senior FX Strategist at Societe Generale believes that Shakespeare would be proud of Mervyn King, maybe.
Đọc thêm Next