USD/CAD Not Ready for the Triangle Breakout
The 4H USD/CAD below shows a pair that has been consolidating since the swing to a high on the year at 1.3213. We can see that the market is in a triangle, but the important part is that price action...
View ArticleAUD/USD tracking the metals and commodities, be careful – RBS
Analysts at RBS explained that the industrial metal prices remain weak, in part due to weak demand and oversupply concerns and the LME and SSE data shows that base metals are down between 6- and 28%...
View ArticleUSD/JPY Breaking Below Triangle Ahead of CPI Data and FOMC Minutes
I am not too excited about going short for USD/JPY, but price action has recently been pointing that way at ...The post USD/JPY Breaking Below Triangle Ahead of CPI Data and FOMC Minutes appeared first...
View ArticleThe Upside in EUR/USD for the Next Couple of Weeks
I am going to keep this simple. I was bearish on the EUR/USD in July, especially in the second half. ...The post The Upside in EUR/USD for the Next Couple of Weeks appeared first on TORONTO FOREX.
View ArticleFed Leaves Interest Rates Unchanged
After a two-day meeting, the Federal Reserve announced that it is leaving interest rates unchanged. The Federal Reserve hasn’t raised ...The post Fed Leaves Interest Rates Unchanged appeared first on...
View ArticleEUR/USD: oversold, but not overdone
“The EUR/USD pair fell to its lowest in 3-weeks, reaching 1.1112 in the American afternoon, from where it barely bounced ...The post EUR/USD: oversold, but not overdone appeared first on TORONTO FOREX.
View ArticleECB’s Draghi opens door for more QE
ECB’s Draghi opens door for more QEEuropean Central Bank President Mario Draghi said on Wednesday the Governing Council is ready ...The post ECB’s Draghi opens door for more QE appeared first on...
View ArticleFOMC Officials – To Hike, or Not To Hike
After last week’s slew of speeches from Fed officials, forex junkies were treated to a fresh batch of testimonies from ...The post FOMC Officials – To Hike, or Not To Hike appeared first on TORONTO...
View ArticleAUD/USD rises to 2-week highs as RBA holds
The Australian dollar rose to two-week highs against its U.S. counterpart on Tuesday, after the Reserve Bank of Australia left ...The post AUD/USD rises to 2-week highs as RBA holds appeared first on...
View ArticleAussie weaker as China CPI comes in below expectations
The Aussie held weaker on Wednesday as prics data out of China pointed to subdued economic pressures. China said consumer ...The post Aussie weaker as China CPI comes in below expectations appeared...
View ArticleWaning Demand Looms over Oil, Copper while Gold Braces for Rate Hike
Talking Points: IEA’s annual energy outlook emphasized deteriorating demand for oil Gold steadies now that Fed’s December rate hike is ...The post Waning Demand Looms over Oil, Copper while Gold Braces...
View ArticleThe Carnage Continues in Gold Prices, and You Have 3 Choices
Talking Points: Gold Technical Strategy: Flat. Treading lightly moving forward. Gold has moved lower by 10% in the past month ...The post The Carnage Continues in Gold Prices, and You Have 3 Choices...
View ArticleAUD/USD maintains short-term correction
Since the beginning of September after AUD/USD hitting an all time low in more than 5 years finally started to ...The post AUD/USD maintains short-term correction appeared first on TORONTO FOREX.
View ArticleDollar pushes lower after ISM report, but losses limited
The dollar pushed slightly lower against the other major currencies on Tuesday, after data showed that U.S. manufacturing activity entered ...The post Dollar pushes lower after ISM report, but losses...
View ArticleForex – USD/CAD almost unchanged after Canadian GDP report
The U.S. dollar was almost unchanged against its Canadian counterpart on Tuesday, after data showed that the Canadian economy contracted ...The post Forex – USD/CAD almost unchanged after Canadian GDP...
View ArticleAussie, yen tick down as focus on U.S. data, Australia trade
The Aussie and yen drifted lower Thursday in Asia with the focus on U.S. data at the end of the ...The post Aussie, yen tick down as focus on U.S. data, Australia trade appeared first on TORONTO FOREX.
View ArticleGold struggles for direction in thin year-end trading
Gold prices struggled for direction in quiet year-end trading on Wednesday, as investors looked ahead to upcoming U.S. data to ...The post Gold struggles for direction in thin year-end trading appeared...
View ArticleBrent oil prices retreat toward 11-year lows
LONDON (Reuters) – Brent crude oil slid back toward 11-year lows on Wednesday as indications of slowing global energy demand ...The post Brent oil prices retreat toward 11-year lows appeared first on...
View ArticleGBP/USD remains capped by 1.4850, dollar shrugs off data
The pound managed to reverse early losses against the dollar and climbed to fresh daily highs at the beginning of ...The post GBP/USD remains capped by 1.4850, dollar shrugs off data appeared first on...
View ArticleInitial Jobless Claims Surge Most In 10 Months In Pre-Christmas Week
Year-over-year, initial jobless claims are unchanged as the week-ending with Christmas Day saw a Scorrge-like 20,000 surge in initial claims. ...The post Initial Jobless Claims Surge Most In 10 Months...
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