USD/CAD adds to gains

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We suspect that (the Fed) has made a policy mistake. We do not believe that growth is as robust as the way the Fed has characterised it, and we don't believe that inflation will pick up to the degree that the Fed expects."
- Coutts (based on Reuters)

Pair's Outlook

None of the nearest resistances were able to contain sudden bullishness of USD/CAD, falling victims one by one to the surge that topped at 1.0378. The price increases forth day in a row and now there are no formidable levels between the spot and last year's high. Judging by the technical indicators, 1.0342 could attempt to slow down the advancement, though the pair is decisively moving en route to 1.0447.

Traders' Sentiment
Those who were bullish on USD/CAD, specifically 74.5% of SWFX marketplace participants, turned out to have made a correct assumption by betting on U.S. Dollar's appreciation, the pair has nearly recovered 200 pips from the local low. Meanwhile, there is no difference among the amounts of buy and sell orders.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 20 Jun 2013 14:52:12 GMT

NZD/USD declines precipitously

"The move by the Fed yesterday might in fact be the beginning of the first dollar uptrend in years not driven by financial market stress."- Danske Bank (based on MarketWatch)Pair's OutlookNZD/USD, as well as the other currency pairs discussed in this issue, is a good example how technical approach to the analysis of the price chart was disrupted by yesterday's

Thu, 20 Jun 2013 14:29:12 GMT

AUD/USD falls beneath 0.9387

Considering the fact that AUD/USD has just penetrated 0.9387/71, it would be reasonable to posit that the price is going to slide even deeper, aiming for 0.8568 in the medium term.

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.