Canadian Dollar Fails To Test 1.0200, New Zealand Dollar Carves Out Near-Term Top
Thursday, September 30th, 2010 Posted in Market Comments | Comments OffThe Canadian dollar strengthened against the greenback on Thursday to retrace the decline from earlier this week, but remains confined with the narrow range carried over from the previous week, while the New Zealand dollar continued to lose ground, with ...
Australian Dollar Stubbornly Higher
Thursday, September 30th, 2010 Posted in Market Comments | Comments OffNear term, there is the risk of a move back to at least 9325 as the move from there is overlapping (and probably a diagonal). The blue arrows on the chart indicate when RSI has been above 75.
AUD/USD: Trading the Reserve Bank of Australia Interest Rate Decision
Thursday, September 30th, 2010 Posted in Market Comments | Comments OffThe recent rally in the Australian dollar could gather pace over the following week as the central bank is expected to increase borrowing costs for the first time in five-months, and the statement following the rate decision is likely to ...
EURUSD Remains in Overbought Territory Ahead of the U.S. ISM Manufacturing Report
Thursday, September 30th, 2010 Posted in Market Comments | Comments OffManufacturing in the world’s largest economy is forecasted to fall to 54.5 in September from 56.3 the previous, which will mark the lowest level since November 2009. Ahead of the release, there are signs that factory output is slowing as ...