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USD/CAD edging lower as BOC takes a sanguine view on Loonie

March 9, 2016 11:40 AM
<p>As expected, the first major central bank “decision” of the week was not much of a decision at all. Earlier this morning, the Bank of Canada opted to leave interest rates unchanged at 0.50%, as all 11 primary dealers surveyed by the Wall Street Journal expected.</p>

AUD/USD: The biggest bullish breakout that no one’s talking about

March 9, 2016 9:20 AM
<p>As I return to the desk after a much-needed vacation, I’m struck by the big risk-on move markets have seen over the last couple of weeks: US equities are up nearly 10% from the mid-February lows, Oil prices (WTI) have surged by over 40% in the last month, and the (relatively) high-yielding currencies have seen strong bullish moves of their own. W...

GBP/USD: Brexit, Burgers and Big Generational Support Levels

February 26, 2016 11:05 AM
<p>Unless you’ve been living under a rock, you know that GBP/USD has been in freefall over the last several weeks amidst fears of a potential “Brexit” (UK exit from the European Union) come June. But in the current short-attention-span/24-hour news cycle/twitter zeitgeist, it’s easy to lose sight of the truly long-term picture. </p>

AUD/USD approaching its 200-day MA with CapEx on tap tonight

February 24, 2016 3:25 PM
<p>My, what a difference a couple of hours makes. As US traders trudged into their offices this morning, it seemed as though the sky was falling: <a href="http://www.forex.com/post?SDN=75c50bb5-618e-455f-baed-f84a58e091cc&Pa=20db1fa6-e674-420c-9a87-2ee29261d638">continued fears of Brexit</a> were driving GBP/USD to 7-year lows, major equity markets ...

EUR/GBP: Brexit breakout could target .8000 or .8100 next

February 24, 2016 11:00 AM
<p>At the beginning of the week, w<a href="http://www.forex.com/post?SDN=4bc8a894-e945-4518-9af5-ce49cb121c32&Pa=20db1fa6-e674-420c-9a87-2ee29261d638">e highlighted the massive market uncertainty surrounding the upcoming vote on “Brexit”</a> (UK exit from the European Union), concluding that, <i>“</i><i>While it’s difficult to handicap the near-term...