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Canada Retail Sales Rose Less Than Expected In September; CAD Weakened 22 Nov 2012 | 09:29 pm
Canadian retail sales increased less than economists forecast due to a decline at department stores and gasoline stations. Ottawa-based Statistics Canada reported today that retail sales rose by 0.1 p...
Pound Loses Ground as Forex Traders Consider Direction 22 Nov 2012 | 09:29 pm
UK pound is losing ground today, even though the good news out of China is providing a little bit of support. For the most part, Forex traders are in wait and see mode, with no major economic data out...
Canadian Dollar Struggles a Bit on Retail Sales Data 22 Nov 2012 | 09:29 pm
Trade has been relatively quiet today, with US markets closed for the Thanksgiving holiday. However, in the Forex market there has been a measure of risk appetite. The Canadian dollar does not seem to...
Rand Declines Amid Signs of Slowdown in South Africa 3 Nov 2012 | 08:06 pm
The South African rand slumped today, following three sessions of gains, as signs of slowing economic growth of South Africa diminished the attractiveness of the currency even in the current risk-posi...
EUR/USD Falls Near October Lows After NFP 3 Nov 2012 | 08:06 pm
Bearish Momentum: The 4H EUR/USD chart shows bearish momentum as the RSI kisses 30 fails to break above 60 and slides back under 40. This was the case already heading into the NFP release today (11/2)...
Sterling Passes Euro Following Mix of PMI Results 3 Nov 2012 | 08:06 pm
Between the end of an actual storm that just finished battering the Northeast of the US and a potential trading storm that could hit markets following today’s Non-farm Payroll changes and unemployment...
EUR/USD – The 1.30 Test is Just a Small one 13 Oct 2012 | 02:15 pm
EUR/USD 4H Chart 10/12/2012 10:15AM EDT This has been another non-directional week for the EUR/USD, as it continues to consolidate under 1.3170, and above 1.28. This week’s low was above last week’s, ...
US Dollar in its Longest Rally Since June, Moment of Truth this Week 13 Oct 2012 | 02:15 pm
Fundamental Forecast for US Dollar: Bullish US consumer confidence soars to its highest level since September 2007 IMF downgrades global growth outlook, warns of ‘alarmingly high’ risks The draw o...
UK Pound Attempts Recovery against US Dollar 13 Oct 2012 | 02:15 pm
UK pound is attempting a recovery against the US dollar, heading higher as risk appetite makes an appearance today. There are no major economic announcements due for the United Kingdom today, but the ...
Euro Slips Against the Dollar, But Remains Just Above 1.30 20 Sep 2012 | 02:54 pm
Euro is slipping a bit against the US dollar, heading a little lower, but the 17-nation currency continues to hold on to the 1.30 level. Selling pressure is building, though, as weak economic data and...
