General World News

USDCAD Remains Bullish Above The 1.4000 Level

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USDCAD remains bullish above the 1.4000 level following a break and hold above that level during Wednesday trading session. This is coming on the back of its Tuesday downside price rejection to close higher. On the upside, resistance resides at the 1.4150 level where a break will target the 1.4200 level. Further out, resistance comes […]

General World News

No ‘Sweet 16’ For The USD – HSBC

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The US dollar had an excellent 2015 and is beginning 2016 on a strong footing against most currencies. Can this last? The team at HSBC sees a sour 2016 for the dollar against the euro and the yen, and sets targets: Here is their view, courtesy of eFXnews: In contrast to a consensus that expects […]

General World News

Market Crash Continues: Majors up, minors down

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The doom and gloom mood has escalated: Chinese stock markets were closed for the day after a short period of time (14 minutes and 17 seconds) and oil fell even further, now at the $32 handle. The outcome for currencies is more “risk off”. The winners are the euro and the yen, while commodity currencies […]