The Bank of Canada announced that it is maintaining its target for the overnight rate at 1%. The central bank held the rates unchanged for 16 months, this is the longest period without a rate change. Economists forecast the bank to stay on the sidelines for at least another year. USD/CAD slipped to 1.0112 after […]
When we look at charts we see that EUR/USD is getting weaker. Even though the pair tried to move higher after some news came out (EFSF voting), the upside was capped and the pair closed the week at its lowest level. So for this week the key levels to watch are 1,3350 and 1,3600. […]
According to the daily and weekly charts, general outlook for GBP/USD is bearish unless the pair can go back over 1.5790. Expected trading range for this week: 1.5590-.5600 / 1.5250-1.5200
According to the daily and weekly charts, general outlook for USD/CAD is bullish unless the pair goes back below 1.0000. Expected […]
In our previous analysis we were saying that 1.0000 level was an important level to watch. A weekly close above 1.0050 will be positive for further upside movement.
XAG/USD failed to break 40.50 and it was back to 39.20. Selling pressure may increase if silver can’t pass 40.40 barrier today.
As we can see from the chart, silver bulls are having hard time to pass 40.30/41.00 zone after the daily support line was broken.
USD/CAD has been moving in a descending tunnel and at this point 1.0000 level is the key for future price movement. The pair had tried to pass this […]