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23 Sep 2014

SEB: USD/CAD targeting 1.11 - eFXnews

FXStreet (Łódź) - The eFXnews team point out that SEB sees USD/CAD aiming at the recent 1.11 high.

Key quotes

"A short-term correctional sequence seems to be over and done with after yesterday's break back through 1.1023 (now support)."

"With additional mid-body support at 1.1000, the recent 1.11 high is at stake - over which extension towards a key ref at 1.1280 should be penciled in."

"Ditch this bullish thought on a move back under 1.0926."

"Current intraday stretches are located at 1.0980 & 1.1060."

'This content has been provided under specific arrangement with eFXnews.'
Sep 23, 2014

Merkel reiterates budget consolidation possible alongside growth

German Chancellor Angela Merkel reiterated on Tuesday remarks made after the meeting with French PM Manuel Valls on budget consolidation, which in her opinion can be carried out alongside growth boosting measures.
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Sep 23, 2014

EUR/USD rallies despite Eurozone PMI weakness

EUR/USD has rallied through the morning session after further weak Eurozone data prompted euro bears to book profits.
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