Parity at Last?
Now that the USDCAD has plowed through a key support level, what will drive the CAD bulls to take the pair to parity? I've got a feeling that the Canadian retail sales report may just push it over the edge...…
I've been hearing some rumors and whispers out of London lately. It seems that the Bank of England wants a cheaper pound...…
Now that the USDCAD has plowed through a key support level, what will drive the CAD bulls to take the pair to parity? I've got a feeling that the Canadian retail sales report may just push it over the edge...…
While the markets focus on debt problems and rising commodities, another issue is lurking in around the Eastern corner. Last week, President Obama put the spotlight on China and their foreign exchange policy. …
Last week, traders were on the lookout for possible currency intervention by the Swiss National Bank (SNB). With the EURCHF now falling below a key support level, are the SNB sharks getting ready to snap their jaws and attack the markets?…
Y'all are probably wondering what happened last Friday, when the greenback got a major beating across the board. At first glance, it would seem that the sell-off was merely caused by risk appetite, when the US retail sales report beat expectations by a large margin. …
Come Friday, we'll see the results of the US retail sales report covering the month of February. Did spending pick up? Or did consumers decide to keep their hands in their pockets?…
In a few hours, we will witness the biggest event in Middle Earth's... errr, New Zealand's history (not really, I'm totally exaggerating)! At 8:00 pm GMT today, the Reserve Bank of New Zealand will announce its decision on the country's benchmark interest rate. …
Ahh... Just when you thought the Greek debt drama was over, a new development popped up. This time, it came in the form of a proposal, an institution aptly named the European Monetary Fund or EMF. …
Did the result of the recent non-farm payrolls report just tip the balance in favor of the higher yielding currencies? Could this be the end of the dollar rush? …
This coming Friday, prepare yourself for the release of the mother lode of all economic reports, the US non-farm payrolls! So bust out your Blackberries, turn on your Twitter feeds, and buckle your forex seatbelts because we may be in for a wild ride!…
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