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Canadian Dollar Loses Ground as Equities Fall

The Canadian dollar saw some brief strength overnight, but a drop in equity markets is dragging the loonie lower.Broader U.S. dollar weakness helped the Canadian dollar make modest gains overnight.USD/CAD then spiked lower in what currency strategists said was a relief rally following an in line U.S. nonfarm payrolls report. The cross hit a session low at 1.2766 CAD following the report. However, strategists are not expecting the relief rally to last. U.S. equity markets already are

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Closing Market Recap: Stocks Make Late Gains, Treasuries Fall, Dollar Volatile

(CEP News) • S&P 500 up 1% • Geithner Whipsaws U.S. Dollar • Gold Rallies on Dollar Worries • Treasury Market Down After Soft AuctionStocks Close Higher After Wild Ride Weak auctions and strong economic data fought for investor attention in a volatile session on Wednesday, but optimism won out in a late rally. The S&P 500 hit a session low of 791 at 3 p.m. EDT, but a huge rally followed and it closed up 8 points, or 1%, to 814. The Dow

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Sterling Falls as U.S. Equity Rally Fades

U.S. equities are having trouble holding gains and that uncertainty is helping drag sterling down against the U.S. dollar and euro.Tuesday's equity rally initially supported cable, but FX markets are unconvinced that the rally has any staying power. That uncertainty is continuing into Wednesday's trading session as GBP/USD moves closer to the lower end of its range.In overnight trading, cable hit a session high of 1.3839. However, those gains appear to be short-lived and the pair is

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Canadian Dollar Continues to Jump Around With Equity Markets

A late afternoon rally in equities on Thursday helped the Canadian dollar remain within its current channel against the U.S. dollar. The USD/CAD continues to have trouble holding gains above 1.25.U.S. equities remain the main theme for risk aversion and are dominating currency markets. Strategists said they expect any rally in U.S. stocks to hurt the greenback, and for a sell-off to support it. According to strategists, the late afternoon rally on Thursday was a result of

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Equity Rally Driving Canadian Dollar Gains against Greenback

Canadian data is not providing any direction for the Canadian dollar, as a rally in equities is dominating currency moves.A modest rise in global equity markets Tuesday morning is causing a broad selloff in the U.S. dollar, which is helping the loonie retrace some of its losses Monday morning.USD/CAD could see further gains as support at 1.25 CAD appears to be holding. The cross is hovering in the mid-1.25 CAD area ahead of the North American open.

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Gains in U.S. Dollar Cast Doubt on Equity Rally

A late-day rally in USD/CAD points to skepticism that Tuesday's equity rally will last.Positive sentiment in the early part of the trading session helped drag USD/CAD lower, but the U.S. dollar showed a strong rally after hitting session lows at 1.2726 CAD. The cross is now trading just below 1.29 CAD.Risk appetite sentiment rose in markets following some positive news in the U.S. banking sector. According to an article in the New York Times, Citigroup earned more

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Forex: USD/JPY: Dollar rally capped at 97.00

FXstreet.com (Barcelona) ? The Dollar has eased after its rally from yesterday low at 95.60 halted ahead of the European session opening around 97.00; the pair hovers now around 96.65.If the Dollar remains below the Area between 96.30 to 96.70, it could reach levels above 98.00 on medium term, says Carol Harmer, technical analyst at Charmer Charts: ?USD/JPY has made quite a nice little base pattern after the declines of yesterday and if this can maintain between 96.70 and

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Closing Market Recap: Huge Gains For Stocks But Dollar Suggests More Trouble

(CEP News) • S&P 500 Jumps 6.4% • Late-Day Gains in U.S. Dollar Cast Doubt on Equity Rally • Gold Falls to One-Month Low • Oil Turns Lower After Early Rally • Treasury Yields Higher by 8-12 Basis PointsStocks Jump Most in 2009 as Financials Rebound The U.S. financial sector led a mammoth stock market rally on Tuesday in the biggest one-day gain since November 2008. The Dow Jones industrial average closed up 379 points, or 5.8% to 6926, the S&P 500 closed up

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Canadian Dollar Continues to Jump Around With Equity Markets

(CEP News) - A late afternoon rally in equities on Thursday helped the Canadian dollar remain within its current channel against the U.S. dollar. The USD/CAD continues to have trouble holding gains above 1.25.U.S. equities remain the main theme for risk aversion and are dominating currency markets. Strategists said they expect any rally in U.S. stocks to hurt the greenback, and for a sell-off to support it. According to strategists, the late afternoon rally on Thursday was a result of

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Eurusd - Le Nfp Peut-il Stopper Le Rally Du Dollar ?

Bonjour à Tous !Les niveaux importants du Jour:R3 : 1.4375R2 : 1.4315R1 : 1.4300Actuel : 1.4253S1 : 1.4215S2 : 1.4195S3 : 1.4175Excellents Trades à Tous !Walter COLLICA Analyste TechniqueParrainé par:- http://www.fxprice.com : Le Forex accessible à tous- http://www.fxlite.com : Le Forex automatisé--------------------------------------------

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