Monthly archive March, 2013

Canadian Dollar At Risk Ahead of Bank of Canada, Employment Report Fundamental Forecast for Canadian Dollar: Bearish Forex: USD/CAD- Trading the Canadian GDP Report 3 Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10489.44 10505.22 10420.07 0.50 155.87% The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) its trading a whopping 0.50 percent higher from the open following the slew of positive developments coming out of the world’s largest economy, and Read More →

Crude oil is down amid broad-based risk aversion while gold finds support on swelling Fed stimulus bets as “sequestration” spending cuts threaten US recovery. Talking Points Crude Oil, Copper Sink as PMIs, “Sequestration” Fears Sink Risk Appetite Gold and Silver Find Support as Read More →

Talking Points Euro: Unemployment Hits Record-High, Inflation Slows Further British Pound: U.K. Mortgage Approvals Disappoint, BoE on Horizon U.S. Dollar: Personal Incomes Disappoint- ISM Manufacturing, Bernanke on Tap Euro: Unemployment Hits Record-High, Inflation Slows Further The EURUSD slipped to a fresh yearly low of 1.2984 Read More →

The big story of the European session was the PMI releases. The index for manufacturing in Italy was lower than expected, and estimates for UK PMI were way too high, triggering a 100 point decline in GBP/USD on the actual Read More →