Posted by Tom on July 21, 2016


USD/CAD advanced to fresh weekly highs at the beginning of the American session, with the Canadian dollar a tad softer in sync with lower oil prices.
In the absence of either domestic or US releases, USD/CAD continues to be driven by sentiment. USD/CAD reached a high of 1.3095 but lacked momentum to clear the 1.31 mark. At time of writing the pair is trading at 1.3090, 0.55% above its opening price.
USD/CAD levels to consider

Posted by Tom on July 21, 2016


The British Pound continues to attract buying interest, with the EUR/GBP pair now erasing all of its Tuesday's gains to currently trade around 0.8365 region.
Having faced rejection at 0.8400 handle, the pair dipped to session low level of 0.8340 immediately after the release of impressive UK jobs report that trigger a near-term short-covering rally across GBP pairs. 
A steady wage growth justifies yesterday's up-tick in CPI print and further improves outlook for inflation in the near-term and might thus restrain BOE from easing during its meeting in August. 

Posted by James on November 18, 2015

Billionaire businessman Teddy Sagi’s Playtech is considering acquiring the business of AVA Trade, a global forex broker. According to a source close to the matter, negotiations have started and are currently at a preliminary stage. AVA Trade is a veteran and established player in the trading industry. Incepted in 2006, it boasts over twenty thousand registered customers, who are said to execute more than two million trades a month. According to Ava Trade, the company’s monthly trading volume exceeds $60 billion.

Posted by James on November 18, 2015

Every bastion of civilization that we look upon today has evolved from a primitive, dark place.  It is through progressive thinking, applying constructive pressure, and always raising the standard, that humankind’s abilities and institutions are as amazing as they are today. The Forex market is interesting in this respect.  Despite being one of the oldest forms of trading (only bartering is older!), its mysterious waters are still murky.  Allowable leverage is abnormally high, market adoption of Forex in the US is low, and poor broker risk management practices are rampant.

Posted by James on November 18, 2015

The US Dollar is looking to US industrial production data and the UofM consumer confidence gauge to inform Fed rate hike timing speculation. Talking Points: US Dollar Looks to Industrial Production, UofM Data to Inform Fed Outlook Aussie, NZ Dollars Drop Amid Deteriorating Policy Expectations Overnight See Economic Releases Directly on Your Charts with the DailyFX News App The US Dollar corrected higher in overnight trade after sliding to a four-month low in the preceding session.

Pages

Subscribe to Investment Analysis