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18 Feb 2013

Forex: USD/CAD remains capped by 1.0080

The USD/CAD has entered in a consolidation phase on Monday after being rejected by the 1.0080 area last Friday. Amid low volume due to the holiday in US and Canada, the cross has spent most of the day rangebound, having set a low of 1.0055 in recent dealings.

USD/CAD is currently trading at the 1.0065/70 zone, where it is virtually unchanged since opening. In terms of technical levels, the Mataf.net analyst team locates immediate resistances at 1.0080, 1.0095 and 1.0100, while on the other hand supports are seen at 1.0055, 1.0020 and 1.0000.
Feb 18, 2013

Forex: EUR/USD back around 1.3355/60

The bloc currency is trading back to the comfort zone around 1.3360 on Monday, ahead of ECB’s Draghi speech due in the European afternoon. ...
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Feb 18, 2013

Forex Flash: Eurozone debt crisis in remission – UBS

The imbalances between Eurozone countries have been in focus over the past two years, as though current account strains would somehow blow the currency union apart. Now, with the sovereign debt crisis in remission, attention has shifted instead to the Eurozone as a whole and its relationship with the wider world.
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