• Symbol Lookup

 
     WELCOME: Guest    LOGIN : BECOME A MEMBER

     

Small Cap Alerts: Subscribe today to receive Small Cap Alerts highlighting winners in both up and down markets




Related stories

12/19/2014 - Inflation leaves currency traders cold
12/18/2014 - U.S. central bank will be patient with rate hike
12/17/2014 - Fed statement due this aft
12/16/2014 - Soft Mfg sales work way in
12/15/2014 - Currency breaks fresh highs
12/12/2014 - Loonie at fresh lows
12/11/2014 - Loonie breaks through $1.15 mark
12/10/2014 - Bank of Canada review due Wednesday morning
12/8/2014 - Forex markets light on data this week
12/5/2014 - U.S. payroll gain biggest in almost 3 yrs.
12/4/2014 - Central bank weighs positives with negatives
12/3/2014 - Bank rate decision announced
12/2/2014 - The dollar to be focused on oil
12/1/2014 - Loonie fights back
11/28/2014 - Markets digesting OPEC news

Tuesday, December 11, 2012

U.S. Dollar Slightly Lower

The U.S.-Canadian-dollar pairing had another very quiet overnight session, remaining steady at 0.9865. The Canadian Trade Balance was released today with figures printing stronger than expected but having little impact on pricing. Tomorrow, the U.S. Federal Reserve will release its rate decision, the accompanying statements regarding Quantitative Easing, or QE3, and future plans of the Fed will be the focus of the announcement. Traders are expecting the Fed to provide further loosening of policy which should weigh on the U.S.dollar slightly.

We expect a range today of 0.9850 to 0.9925

The euro has rebounded slightly too currently change hands at 1.2815. Impressive data from German was the catalyst for the strength in the embattled euro. The range for the past three months has been 1.26 to 1.30 and this appears set to be the norm for some time.

We expect a range today of 1.2750 to 1.2850

The Pound-Sterling-Canadian-dollar pairing remains relatively quiet as the market awaits for U.K. employment data and the Fed statement tomorrow. The pair is settling in a range of 1.5820 and 1.5905. The Australian-Canadian-dollar pairing is better supported today as recent Chinese trade data has been supportive of the Australian dollar. We expect the pair to trade between 1.0329 and 1.0369 today. The New Zealand-Canadian-dollar pairing is testing resistance at 0.8270 again this morning which we expect to hold and cap upside advance today. Support comes in at 0.8225 on the downside.

Data Releases

CAD: International Merchandise Trade

AUD: Westpac Consumer Confidence

EUR: Greece Buyback of Bonds

GBP: No data expected

JPY: Machine Orders

NZD: No data today

USD: Trade Balance

Enjoy significant savings and excellent service by transferring funds with CanadianForex.cellent service by transferring funds with CanadianForex.cellent service by transferring funds with CanadianForex.
http://www.canadianforex.ca/partner.asp?id=983




                        




            

copyright 1998 - 2014 BayStreet.ca Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes.
Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Data is provided by QuoteMedia.com