EURCAD »

  • JFD Brokers UUIIFXBR

    This week has a heavy economic calendar and promises to inundate traders with a plethora of macro-economic data. The dominant events of this week agenda are the policy meetings from three of the world’s major banks, Fed, BoJ and SNB. Moreover, Inflation Rate in Eurozone will be closely eyed by market participants. Today, is quiet

  • XM Markets UUIIFXBR

    Economic data releases out of Europe were not the core focus of the market today and were in fact ignored. Eurozone industrial production was flat despite expectations for it to rise 0.3%. German inflation was down 1.1% month-on-month versus a []

  • Swissquote UUIIFXBR

    The greenback is stronger against all of its G10 peers before the US jobs data. The optimistic expectations (NFPs expected at 230K vs. 217K last) keep traders positioned long in US dollars. The US 10-year yields are however softer today (2.2411-2.2517%

  • H.S. Borji

    The euro failed to build momentum Friday, as the EURUSD remained firmly capped below 1.25 despite upbeat Eurozone GDP figures. The EURUSD traded within a range of 1.2400-1.2492. It would subsequently consolidate at 1.2465, declining 0.08 percent. The pair was unable to test the 1.2505 level, which represents the first technical resistance. On the downside,

  • H.S. Borji

    The Canadian dollar declined against its US counterpart Friday, as investors overlooked strong employment data following a timid business outlook from the Bank of Canada. The USDCAD advanced 0.16 percent to 1.1204. The pair had erased its earlier gains after Statistics Canada posted strong employment numbers. The USDCAD is likely to find support at 1.112,

  • H.S. Borji

    The Canadian dollar rebounded from a six-month low against its US counterpart Monday amid signs the Canadian economy was improving at the end of the third quarter. The loonie, as the Canadian currency is known, advanced more than half a percent to 0.8937 US. The loonie had fallen below 89 US cents on Friday after

  • H.S. Borji
    Forex » Euro Selloff Continues
    H.S. Borji - September 26, 2014, 18:50 GMT

    The euro declined against its US counterpart on Friday, as the EURUSD touched its lowest level in nearly two years following divergent economic releases from Germany and the United States. The EURUSD tumbled 0.34 percent to 1.2707, the pair’s lowest level since November 2012. The pair is holding on to initial support at 1.2703. On

  • H.S. Borji

    The Canadian dollar fell to a nearly two-week low on Monday, as last week’s disappointing jobs report overshadowed a surprise surge in July building permits. The loonie, as the Canadian currency is called, plunged 0.80 percent to 0.9114, erasing early-month gains that resulted from a high-profile corporate merger involving Tim Hortons, as well as a

  • H.S. Borji

    The Canadian dollar advanced to a more than one-month high against its US counterpart Thursday, as Canada’s trade balance unexpectedly improved and US private sector employment increased at a slower rate than forecast. The loonie, as the Canadian currency is known, climbed to an intraday high of 0.9233 US. It would later consolidate at 0.9215

  • H.S. Borji

    The Canadian dollar rebounded for a second consecutive day against its US counterpart following news Burger King (NYSE:BKW) had acquired Tim Hortons (NYSE:THI) , Canada’s favourite coffee chain. American fast-food giant Burger King on Tuesday confirmed it will purchase Canadian coffee powerhouse Tim Hortons in a deal that would take Canada’s pioneer coffee brand international. The

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