Monthly Archives: September 2012

Is the Euro Pullback Just a Correction?

With several European downside risk events set to occur towards the end of the week, the recent pullback in euro/dollar (EUR/USD) could be attributed to returning concerns about the Spanish economy, a potential credit rating downgrade by Moody’s, a report

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Forex: Is the Euro Pullback Just a Correction?

With several European downside risk events set to occur towards the end of the week, the recent pullback in euro/dollar (EUR/USD) could be attributed to returning concerns about the Spanish economy, a potential credit rating downgrade by Moody’s, a report

Posted in Posts

Canadian Dollar Action Keys Off Crude Oil Pullback

The Canadian dollar, also nicknamed the “loonie,” is often referred to as a commodity currency, since its price is very sensitive to value of oil, Canada’s largest export. OIL ACTION Yesterday, the price of oil ran into a brick a

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Canadian Dollar Action Keys Off Crude Oil Pullback

The Canadian dollar, also nicknamed the “loonie,” is often referred to as a commodity currency, since its price is very sensitive to value of oil, Canada’s largest export. OIL ACTION Yesterday, the price of oil ran into a brick a

Posted in Posts

Fed Could Trigger Knee-Jerk Violent Dollar Rally

Concerns that the recession in Great Britain is worsening have alleviated over the past couple of months as service activity expanded, industrial production improved, house prices rose in August, and the trade deficit shrank in July. BIG EVENTS This week,

Posted in Posts

Fed Could Trigger Knee-Jerk Violent Dollar Rally

Concerns that the recession in Great Britain is worsening have alleviated over the past couple of months as service activity expanded, industrial production improved, house prices rose in August, and the trade deficit shrank in July. BIG EVENTS This week,

Posted in Posts

FX Darling Aussie Dollar Loses Steam

As expected, the Reserve Bank of Australia (RBA) maintained the cash rate at 3.5% for a third consecutive month. The rate statement was relatively upbeat as sustainable growth remains in Australia, even with comments about increased uncertainty in the global

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FX Darling Aussie Dollar Loses Steam

As expected, the Reserve Bank of Australia (RBA) maintained the cash rate at 3.5% for a third consecutive month. The rate statement was relatively upbeat as sustainable growth remains in Australia, even with comments about increased uncertainty in the global

Posted in Posts