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USD/CAD rebound tests 200 day moving average again
As noted here in a number of updates, the USD/CAD fell to below 1.34 following the hotter than forecast Canadian inflation data. The price action was covered here at the time as was the rebound that saw the US dollar rebound back above 1.34, from a session low as 1.3377. That rebound then extended further into and after the 4pm London fix. However, as expected the USD/CAD could not reclaim the 200 moving average level ahead of the US close. That was in place at 1.3464 and the USD/CAD stalled ahead of 1.3450 and closed at 1.3448. The USD/CAD has managed to test that 200 day moving average today though (now at 1.3463) and the high seen so far has been set at 1.3465. It has just backed off from there now. The low seen today has been set at 1.3441 and it is just now trading at 1.3456
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EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
