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Canadian Prime Minister Stephen Harper isn’t too pleased that Obama rejected the Keystone XL pipeline, a vessel that would have shipped crude from Alberta’s oil sands to the Gulf of... read more »
As the Federal Reserve begins their two day monetary policy meeting, the U.S. dollar is trading lower against all of the major currencies. The dollar's weakness is due in large part to the warning... read more »
Currencies continued to trade lower this morning as the back and forth on Greece adds pressure on the market. Interestingly enough, the big winner today was not the U.S. dollar or the Swiss Franc,... read more »
Although everyone is focused on ECB President Trichet's press conference, today is also the first day this week with any meaningful U.S. economic data. Thankfully the latest reports were not... read more »
It may be a quiet morning in the foreign exchange market but it is a busy week for many countries around the world including the commodity producing countries such as Canada, Australia and New... read more »
Canada GDP for January comes in at 0.5% vs 0.5% in December
The YoY measure rose to 3.3% from a revised 3.3% prior The USDCAD has moved lower on the news staying below the 100 bar MA on the 5... read more »
From GoldCoreJapan Megaquake and Tsunami - Gold Mixed as Yen Surges against All CurrenciesThe massive earthquake and tsunami that has rocked Japan is being digested by markets and the economic... read more »
The 1.0242 level is the 100 hour MA. The price needs to breach the 38.2% retracement to keep the bearish bias . Then the 1.0205 level which has been a key level for the pair (was the... read more »
See weaker US recoveryCuts 2010 growth to 3% from 3.5%Currency tension could hurt global economy2011 growth cut to 2.3% from 2.9%2012 raised to 2.6% from 2.2%Larger than forecast output GDPCPI to... read more »
“Death crosses” were a popular topic in the summertime. That’s the bad omen for a given asset when its shorter-term 50-day moving average crosses below its longer-term 200-day moving average.... read more »
