The Canadian dollar had a pretty bad week as talks about the European debt crisis plagued the Forex market, driving traders away from riskier commodity currencies.
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| May 20 |
Bad Week For Loonie In Spite Of Some Good News |
| May 19 |
Steve Nison`s Highlights: BreakoutsIn this video, Steve Nison talks about how to identify and respond to breakouts with candlesticks. In this video he talks about Momentum trading — going in the direction of the break out. We know that the candlesticks signals are great for reversals telling us the trend and potentially when it is going to turn. We could use the idea of candlesticks signals could be used as support or resistance, with that in mind he explains how to use candlesticks for momentum trading. |
| May 19 |
Canadian Dollar Primed To Outperform Struggling AUD, EUR, NZD |
| May 18 |
US Dollar Lower As Risk Appetite Makes An AppearanceUS dollar is lower today as risk appetite makes an appearance in the markets. As commodity prices rise, and equities see a bit of a reprieve from recent troubles, the greenback is pulling back. Concerns about Europe remain, but they are being trumped by other news — especially the imminent Facebook IPO. |
| May 18 |
NZD/USD: Technical Analysis For May 18, 2012 |
| May 18 |
Forex Flash: Philly Fed Index Given The Benefit Of The Doubt – ING BankThe market got scared with the contracting Philadelphia Fed manufacturing survey at -5.8, when expecting +10, following already disappointing figures of US jobless claims. However, ING Bank analysts point to the volatility of this particular indicator while stating that the most recent ESM surprised on the upside and the ISM is strong too. |
| May 17 |
Fitch Downgrades Greece To CCC On Exits FearsFitch Ratings has downgraded Greece sovereign debt from B- to CCC. The agency has revised the country ceiling to B-. The downgrade “reflects the heightened risk that Greece may not be able to sustain its membership of Economic and Monetary Union,” says the official note. |
| May 17 |
USD/CAD Intraday Technical Analysis And Trading Recommendations For May 17, 2012 |
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| May 17 |
Sell CAD/JPY @ 79.110 By Signal FactorySell CAD/JPY @ 79.110 By Signal Factory | SL:80.610 | TP:78.510 | 2012.05.17 10:42 GMT |
| May 16 |
Switzerland: Business Sentiment ZEW In May: -4.0 Points–> According to statistics released today, business sentiment ZEW in Switzerland fell to 4.0 points in May against forecast of -8.0 points and prio rvalue of +2.1 points. |