August 3rd, 2012 13:11:05 GMT

USD/CAD finally breaks parity

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USD/CAD is right at parity. It’s the fourth try at 1.000. Usually when the bulls can’t beat it back after two or three tries, the support gives way. Stops below 0.9955/60 but it will take a strong ISM number to … Continue reading

August 2nd, 2012 13:05:42 GMT

USD/CAD springs from parity again

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For the third day in a row, USD/CAD has sprung higher after a test of parity. It’s too early to call it a major reversal yet after the drop from 1.0225. A rise/close above 1.0100/08 would send a bullish message.

July 30th, 2012 15:18:53 GMT

USD/CAD slips closer to parity

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The commodity currencies are on a roll — proving that the combination of higher interest rates and better growth is hard to resist. Even rising risk aversion fails to significantly undercut the Canadian and Australian dollar. Both are at session … Continue reading

July 25th, 2012 17:30:44 GMT

USD/CAD falls to two-day low

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Risk trades picking up as stocks head back to the highs of the day. Gold has chomped through offers up to $1609 and oil has rebounded back above $88. AUD/USD struggling at the top of the weekly range but USD/CAD … Continue reading

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