Canada / New Zealand Articles

January 6th, 2017 - What is the Dollar’s Outlook Post Payrolls? Daily FX Market Roundup 01.06.17 Friday's U.S. jobs report was not only strong enough to prevent the dollar from sinking below 115 against the Japanese Yen but also hot enough to take the currency pair above 117. Economists were looking for job growth to fall to 175K but instead non-farm payrolls increased by only ...

January 5th, 2017 - Be Careful! Dollar Could Sink on NFP Daily FX Market Roundup 01.05.17 The U.S. dollar may have traded lower against all of the major currencies today and experienced its greatest one-day loss in 3 months versus the Japanese Yen but tomorrow’s non-farm payrolls report could still sink the dollar. Today’s decline in the greenback was driven by weaker dat...

January 3rd, 2017 - Dollar Pops then Drops, Reversals Ahead? Daily FX Market Roundup 01.03.17 The U.S. dollar soared to fresh highs against all of the major currencies today before reversing sharply to end the day well off its peak. At one point, the strength of the dollar pushed euro to its lowest level since January 2013, but as yields retreated, so did the greenback. The po...

December 30th, 2016 - New Year, New Forex Trading Opportunities Daily FX Market Roundup 12.30.16 A New Year means new trading opportunities and January will start with a bang. Here in the U.S., our hometown, a new President who has inspired an impressive rally in the U.S. dollar and U.S. equities will be taking office and there is a busy economic calendar to contend with. Countries ...

December 28th, 2016 - The Dollar is Losing Momentum But Don’t Get Too Excited…. Daily FX Market Roundup 12.28.16 The bulls have finally loosened their reins on the U.S. dollar but a move below 117 in USD/JPY is needed to pave the way for deeper reversal. The surprise decline in pending home sales combined with a sharp drop in U.S. yields sent the dollar tumbling against the Yen....

December 27th, 2016 - Tough Year Ahead for Sterling Daily FX Market Roundup 12.27.16 It was a relatively quiet day in the foreign exchange market with the U.S. dollar trading higher against all of the major currencies except for the euro. The strength of the dollar and the lack of big moves is not a surprise during this holiday week and in fact reinforced by today’s U.S. economic...

December 22nd, 2016 - Euro Rejects 1.05, Can a Weak Currency Save the Economy? Daily FX Market Roundup 12.22.16 One of the best performing currencies today was the euro, which rose within a pip of 1.05 versus the U.S. dollar. While the currency pair soundly rejected this key level, its outperformance reflects the benefits brought on by a weaker currency. After losing close to 1000 p...

December 21st, 2016 - 2017 Will Be a Good Year for the Dollar Unless… Daily FX Market Roundup 12.21.16 As the holidays draw near, we have seen very little consistency in the performance of the U.S. dollar. The greenback lost value today versus the euro, Japanese Yen and Swiss Franc but strengthened against sterling and the commodity currencies. Even with these back and forth movem...

December 20th, 2016 - Have AUD and CAD Bottomed? Daily FX Market Roundup 12.20.16 After falling for 4 straight days, the Australian and Canadian dollars finally rebounded against the greenback. Unfortunately the gains have been shallow so it is far too early to draw the conclusion that commodity currencies have bottomed. On a technical basis, AUD/USD and NZD/USD broke below major te...

December 19th, 2016 - Will USDJPY Slip Further on BoJ? Daily FX Market Roundup 12.19.16 The U.S. dollar traded higher against all of the major currencies today except for USD/JPY, which extended its losses for the second day in a row. The topsy-turvy moves in U.S. rates stripped the dollar of its gains against other major currencies. Taking a look at the charts, USD/JPY could drop a...

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