February 28th, 2012 18:46:43 GMT

Oil stumbles to $107

by

WTI is down to 107.24, the lowest since Thursday. The hourly chart looks toppy, perhaps headed back to $105.50. CAD didn’t seem to care about oil on the way up. If CAD declines on the way down it’s a negative … Continue reading

5 Comments

February 27th, 2012 15:16:00 GMT

Mean chop in the commodity currencies

by

AUD/USD up to 1.0711 now as it chews through offers seen up to 1.0715. More sellers up at 1.0745/55. Similar breakdown in USD/CAD. The February high of 1.0052 held wonderfully in Europe and now it’s turning aggressively lower as sentiment picks up.

Comments Off

February 3rd, 2012 16:22:27 GMT

USD/CAD below 200-day moving average

by

A close today below the 200-day at 0.9963 would be the final confirmation of the breakout from the wedge that started in November. Perhaps it’s especially impressive that it broke even after a disappointing Canadian jobs report.

6 Comments

Top

© Copyright 2014 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.