November 16th, 2011 16:19:27 GMT

Commodity currencies firm

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Especially the CAD. Looks like the Loonie likes it some $102 crude! Upbeat US data is the primary driver as Canada’s biggest trading partner looks like it will avoid recession. 1.0195 and 1.0160 are support on dips near-term. Barriers are … Continue reading

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November 10th, 2011 13:31:13 GMT

Initial jobless claims 390K vs 400K exp

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Continued claims tick down to 3.615m from 3.683m US trade deficit at 43.11B vs 46.0B exp Canada trade surplus at 1.25B vs -0.57 expected Some additional risk appetite on these numbers. USD/CAD to session lows.

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November 8th, 2011 18:47:33 GMT

USD/CAD testing lower

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Oil touched a three-month high today, partly due to headlines about Iranian nuclear weapons. I usually have a strong view on this pair but not here. I would like to buy on a fall to 98/99 cents but there’s nothing … Continue reading

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