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Canadian Dollar and Other Commodity Currencies Move Higher Against U.S. Dollar

Commodity currencies are the top performers against the U.S. dollar as risk appetite moves back into financial markets, boosting equity markets Wednesday morning.The top performers of the day are the New Zealand dollar, the Australian dollar, the Norwegian krone and the Canadian dollar.Looking at USD/CAD, the cross has been on a strong downtrend throughout most of the session and remains near the bottom of Wednesday's trading range, hovering just above 1.20 CAD. Currency strategists are expecting stronger

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Deliver / Canadian Dollar converter (IRELAND / CANADA)

Deliver / Canadian Dollar converter (IEP / CAD) will convert the currency of IRELAND in currency of CANADA with the actual exchange rate.

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USD/JPY: Dollar drops further; below 7-week low at 95.15

FXstreet.com (Barcelona) - The Dollar continues its decline from 99.60 high and the pair reaches levels below 95.00, fresh 7-week low, after hitting 94.80 low shortly after Euro Zone GDP and CPI data was released.The Dollar stands now at support level at 94.85, and in case of further dipping, next support levels could be located at 94.15 (Mar 20 low), and 93.55 (Mar 19 low).Below 95.00, Carol Harmer, technical analyst at Charmer Charts, forecasts further decline to 93.55: Buyers are

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Sterling Mixed After Downbeat Housing Reports

The pound sterling is mixed on Tuesday following two housing reports in the region suggesting ongoing price declines.UK house prices continued to decline in February, according to a report from the Department for Communities and Local Government on Wednesday which reported an annual 12.3% decline in February, a sharper decline than January's 11.5% contraction.Earlier on Wednesday, the UK's Royal Institute of Chartered Surveyors house price survey showed 73.0% of surveyors reported a fall rather than rise in

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Forex: USD/CHF: Dollar weakens further and tests 1.0895 level

FXstreet.com (Barcelona) - The Dollar continues depreciating against the Swiss Franc, decline from 1.1265 intra-week high ion May 18 has extended to test 1.0895 support level on Friday's European session.According to Rajoo C, technical analyst at Charmer Charts, the Dollar could dip further today: Hourly Trend is Sideways Down and Daily Trend is also Sideways Down, so expect the price to make lower lows but the downside may be limited. The patterns are suggesting a price projection of 10780 or

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Forex (foreign exchange) Currency trading

Forex trading (foreign exchange), Currency trading, Daily forex major currency technical analysis

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Forex: USD/JPY : Decline from 101.45 high extends below 97.00

FXstreet.com (Barcelona) ? The Dollar has weakened during Asian session breaking below the upward trending support line from Jan 21 low at 87.00; Decline from 101.45 high on Apr 06 has extended below 97.00, reaching a fresh two-weeks low at 97.88.At the moment the Dollar struggles to remain above 97.00 support level, in case of further decline next support levels could stand at 96.50/40 and then 95.90 (Mar 30 low).On the upside, the Dollar might find resistance at 97.60, and

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Forex: USD/JPY: Dollar rises to 98.50 level

FXstreet.com (Barcelona) ? The Dollar continues climbing against the Yen and getting back losses of the last weeks; recovery reaches already 98.50 resistance level ; 50% Fibonacci retracement of April 6 to 28 decline.According to Greg Holden, Technical analyst at Forex Yard, the improvement of the global economic situation is weighing on the Yen: ?Thus the most safe-haven currency as of late plummeted as a result of both improvements in Japan and America's economy. The JPY also slid against the

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Sterling continues struggling

FXstreet.com (Buenos Aires) ? GBP/USD, not much change since last update, pair continues struggling with the ascendant trend line coming from 1.4702 low, yet finally open a candle under it, still a break due to lateralization in price action, no clear bearish signal so far.?However, trend is changing to the downside, as 20 SMA slope is down in the hourly,? said Valeria Bednarik, collaborator at FXstreet.com. Indicators are exhausted in the chart, so the downside will probably remain limited for

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Greenback Moves Higher After Japanese Official Says G20 to Back USD

The U.S. Dollar is mostly stronger on Friday after a Japanese Finance Ministry Official said the G20 would likely not question moving away from the U.S. dollar as the world's reserve currency.According to Reuters, a senior Japanese Finance Ministry official said he does not expect the G20 to discuss abandoning the USD in favour of a new reserve currency.Traders and media alike are divided over whether the recent 21% gain in the Dow Jones Industrial Average from

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