After the dramatic impact of the ECB decision yesterday, the markets are still not done for the week, as the traders and investors are still digesting the ECB Chairman Mario Draghi confusing remarks, which led the Euro to decline below 1.09 after touching 1.1020’s, while global equities are still within a tight range. During the upcoming US sess...
During the US session ahead, there are many economic figures will be released from the US and Canada, which set to have a notable impact on the markets. However, we will concentrate on the Canadian figures today, especially that the Canadian Dollar today is the second strongest currency after the Japanese Yen. Definitions Monthly GDP: The Gros...
The last trading day of the week comes with a few economic releases during the Asian and European sessions, and the US session has only one important report from Canada, which is set to have a notable impact on the markets ahead of the weekend. All eyes turn to the Canadian inflation data today, which is likely to be the key for CAD trends next ...
About a few weeks ago, we pointed to potential trade opportunities in the Euro cross currencies; the EURCAD and the EURAUD. These two currency pairs got the attention largely for two basic reasons. The Aussie and the Canadian dollars are typically risk-on currencies and tend to rally usually when the markets are quiet and a certain element of co...
The never ending saga of the Greece crisis is likely to keep the EURUSD trade sideways for the most part, until one of the two economies, namely the Eurozone or the US gives way. For the Eurozone, while a short term solution to the Greece crisis could see some kind of a rally in the Euro, in the longer term, with the issue not being resolved cou...
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