May 17th, 2012 13:51:09 GMT

USD/CAD chomping through offers

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USD/CAD is testing the 1.0157 session high after a slide to 1.0125 at the bottom of the hour. Corporate accounts are on the offer so it will be slow going on a move upward. I see considerable upside in this … Continue reading

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May 15th, 2012 19:34:41 GMT

USD/CAD range breaks again

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A close above 1.0052 and it’s off to the races. The falls in copper, base metals, oil and stocks confirm the latest move. I have been waiting for the break for a long time and I think this is it.

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May 11th, 2012 12:40:17 GMT

USD/CAD range safe for now

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The awe-inspiring Canadian jobs report will keep the lid on USD/CAD unless the US stock market takes an absolute beating today. A fall below 0.9976 would confirm the downside.

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