Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/CAD takes out 1.35 as EUR/CAD rout continues
If you wanted to look at an FX trade that has been pretty much one-way since yesterday morning, then look further than at the EUR/CAD. Perhaps the USD/CAD is in that vein too, but in pure points terms the EUR/CAD sell-off wins hands down. So, the USD/CAD should have rebounded yesterday after the much weaker than expected Q3 GDP data. However, and as reported a couple of times since, it has not. The USD/CAD has now fallen below 1.35 a moment ago (1.3496 the low). There is no doubts here though; that a good deal of that fall is all about the EUR/CAD and the deteriorating outlook for EU monetary policy. That seems to be has caused the unwind on the cross. The USD/CAD is just now tempering its fall currently trading at 1.3503
Market News
All News-
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier... -
USD/JPY clumped again into the US stock markets open
Just as the US stock markets prepare to reopen for live trade, the USD/JPY took another hit. It has already given up on the 150 handle since the last... -
If the S+P 500 has peaked cyclically then here is what might unfold (part 2)
Following on immediately from the previous (part 1) update looking at the prospect of the S+P 500 peaking cyclically, we should look at the next...
