Forex News

Research team at Commerzbank said yesterday that there remains a focus on the 0.8637 April peak. They said that around this level the currency pair is likely to again lose upside momentum. Adding, should this not be the case and a daily chart close above 0.8637 be made, their medium term forecast will change from […]

The USD/CAD has oscillated in an extremely narrow 26-pip consolidation Monday (1.0307 – 1.0333) during a muted holiday session, presently operating at 1.0317/18. In these moments the pair is securing a modest advance of +0.13% above its opening during European trading. Technically speaking, Mataf.net analysts resistive to supportive means for the USD/CAD at 1.0352, onto

2013-05-24 18:30 GMT The shared currency is reverting a 2-week losing streak, gyrating around 1.2925/30 after hitting weekly highs in the boundaries of 1.3000 the figure. The euro managed quite well despite the Fed may slow down the pace of its monthly bond buying and the rumours about the likeliness of another rate cut by

2013-05-23 06:27 GMT The Aussie dollar continues its relentless march south on Thursday, threatening to breach the key support at 0.9600. The flash manufacturing PMI gauged by HSBC in the Chinese economy contracted below the key 50 threshold in May. The print disappointed investors, coming in at 49.6 vs. 50.5 expected and 50.4 in the

As market participants continue to debate whether the RBA will decide to act with another interest rate cut at the next meeting, some analysts point to the recently released Westpac Consumer Confidence numbers as a sign that consumer sentiment hasn’t reacted as positively to the last rate cut as the RBA may have hoped. According

The shared currency is prolonging its correction lower fro overnight highs around 1.2940 on Wednesday, retracing ground to the current area of 1.2910/15. Next on tap in the euro area will be the Current Account figures during March. Consensus expects the surplus to ease to €15.0 billion from €16.3 billion in the previous month. The

The bloc currency is now picking up pace towards the key resistance at 1.2900 on Tuesday, after Producer Prices in Germany rose less than expected during the month of April. Disinflation continues to hover over the euro area, as Producer Prices in the German economy increased 0.1% over the last twelve months, missing forecasts at

The USD/CAD has continued its sideways path during European trading Monday, having spanned a modest 27-pip range thus far (1.0271 -1.0298). According to the ICN.com technical analyst team, “The USD/CAD moved to the upside sharply last week and is getting closer to key resistance level of the ascending channel around 1.0339. However, breaching 1.0339 might