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Trading news

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15 Aug 2013

USD/CAD trades flat on the day

FXstreet.com (Córdoba) - After peaking at 1.0363 area in the wake of strong US jobless claims, the USD/CAD lost momentum and erased its intraday gains to trade nearly flat on the day.

USD/CAD retreated to the 1.0320 before being contained by the 20-hour SMA and bounced back to around opening levels. At time of writing, USD/CAD is trading at the 1.0340 area, where it is virtually unchanged since opening.

USD/CAD levels

In terms of technical levels, the USD/CAD could find immediate support levels at 1.0320 (20-hour SMA) and 1.0300 (psychological level). On the upside, resistances are seen at 1.0363 (daily high) and 1.0400 (psychological level).

Aug 15, 2013

GBP/USD reverts the pullback, 1.5600 looms

The sterling is back on track to recover the ground lost after the US jobs report surprised investors, lifting the GBP/USD to the upper end of today’s range around 1.5580...

Flash: GBP/USD to benefit from BoE – BMO Capital Markets

The sharp monthly rise in UK retail sales during July took the focus earlier today in FX markets and rightfully so, notes Greg Anderson at BMO Capital Markets.