Forex Trading Skill

The Canadian dollar pared some of the losses occurred this week as risk appetite rose significantly before the end of this Friday’s session, allowing the loonie and other currencies tied to growth to outperform a weakened U.S. dollar.(…)Read the rest of Canadian Dollar Benefits from Poor U.S. Data (66 words) Posted on Forex News.Read more… Related Blogs Canadian Dollar Benefits from Poor U.S. Data — Forex [...]

Both market expectations and economic development evolved recently point to an unchanged monetary policy stance at BoC’s March meeting. The central bank will most likely announce to keep its policy rate at 0.25% and keep the statement that ‘conditional on the outlook for inflation, the target overnight rate can be…Read more… Related Blogs How can [...]

As the British pound has remained under pressure, suggesting recent decline is still in progress and weakness towards 1.5105/10 (approx. 50% projection of 1.6277 to 1.5345 measuring from 1.5575) cannot be ruled out, however, loss of near term downward momentum should prevent sharp fall below there today and reckon 1.5087…Read more… Related Blogs The Decline [...]

The euro had the sharpest gains today this week as speculations that Greece will be bailed out by public lenders associated with worse than expected real state data in the U.S. were supportive for a corrective movement on the euro’s charts.(…)Read the rest of Euro Rebounds on Greek Crisis Comments, U.S. Home Sales (129 words) Posted on Forex News.Read more… Related Blogs Anthony Grabs Career [...]

The Canadian dollar slid to the lowest level in two weeks versus its U.S. counterpart as pessimism regarding the global economy is affecting the outlook for currencies linked to growth, as its the case of the loonie, since Canada is one of the world’s leading suppliers of commodities.(…)Read the rest of Risk Averse Scenario Moves Loonie Charts (153 words) Posted on Forex News.Read more… Related Blogs Loonie's Rally Ends on Oil [...]

Although intra-day selloff to 1.5244 (met our indicated downside target at 1.5245 – 61.8% projection of 1.6459 to 1.5535 measuring from 1.5816) signals recent decline remains in progress and further weakness to 1.5200 and possibly 1.5165 (1.236 times projection of 1.6879 to 1.5832 measuring from 1.6459) is likely, loss of…Read more… Related Blogs Greece Bailout [...]

Intraday bias in EUR/USD is turned neutral again with 4 hours MACD crossed above signal line. Recent decline is not ready to resume yet and more consolidations would be seen. Above 1.3691 minor resistance will indicate that a short term bottom is formed at 1.3443 with bullish convergence condition in…Read more… Related Blogs LOANS, GRANTS, [...]

The Canadian dollar had a disappointing start this week as a combination of global pessimism and optimism exclusively to the U.S. economy declined appeal for currencies tied to growth, but today the loonie ended its losing trend on more favorable news for its currency outlook.(…)Read the rest of Loonies Decline Halted on Fed Comments, Oil Rebound (136 words) Posted on Forex News.Read more… Related Blogs Loonie's Rally Ends [...]

The Japanese yen, known as the safest bet in forex markets during times of uncertainty, profited today from negative releases in both Europe and North America, allowing the Asian refuge currency to post the sharpest gains versus currencies tied to growth.(…)Read the rest of Yen Benefits From Overseas Negative Reports (149 words) Posted on Forex News.Read more… Related Blogs Sri LankaRupee Japanese Yen Exchange Rate | [...]

USD/JPY’s fall from 92.14 accelerates today and the break of 90.56 argues that whole rebound from 88.57 has completed. Intraday bias is cautiously on the downside for the moment and deeper fall is in favor towards 88.57 support next. On the upside, above 91.10 will turn intraday bias neutral again….Read more… Related Blogs Ahdaq.com » [...]