short term forecast canadian u s dollar

Canadian Dollar Makes Gains against Greenback as Fed Buys Bonds

The Canadian dollar has made major gains against the U.S. dollar since the Fed announced that it will purchase $300 billion in longer-term Treasury bonds.The move in the Canadian dollar reflects the broad U.S. dollar weakness following the FOMC interest rate announcement. USD/CAD broke below a key support level of 1.2570 CAD and could signal further short-term weakness. The cross is trading in the mid-1.24 CAD level.Although the loonie is higher against the U.S. dollar, it is

canadian dollar usd short term forecast - canadian dollar short term forecast - canadian dollar forecast 2010

Euro Holds Gains Following Smaller-Than-Expected ECB Cut

A smaller-than-expected ECB interest rate cut on Thursday morning has helped the euro move higher, but currency strategists are mixed as to whether the currency will see further gains in the short term.EUR/USD shot to session highs at 1.3493 USD following the interest rate decision and just ahead of ECB President Jean-Claude Trichet's monthly press conference. However, the gains were relatively short-lived, as markets dragged the cross back below 1.34 USD.There appears to be some hesitation in

short term interest rates - conference de presse de jean claude trichet - dublin jean claude trichet president of european central bank newstalk

Deltastock Daily Fx Analysis

April 3, 2009Current level - 99.61A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated between the 50- and 200-day SMA, currently projected at 94.12 and 99.36.Our first target at 100.16 was reached yesterday and the pair is in a corrective mode above 99.+, before advancing towards 100.98.Full Article

gbp usd short term analysis - short term gbp usd analysis - canadian dollar short term forecast in april

Deltastock Daily Fx Analysis

February 27, 2009Current level - 97.61A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated between the 50- and 200-day SMA, currently projected at 90.78 and 100.29.With yesterday's peak at 98.70 the pair has completed the uptrend from 92.62, so now the bias is neagtive for 96.31, en route to 94.64.Full Article

forex short term analysis eurusd - gbpusd short term analysis - short term technical analysis forex

Deltastock Daily Fx Analysis

April 1, 2009Current level - 98.79A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated between the 50- and 200-day SMA, currently projected at 94.12 and 99.36.With yesterday's break above 98.98, the road is clear for 100.16, so expect current consolidation to be limited above 97.35 before next leg upwards. Intraday bias is negative for 97.53.Full Article

current short term eur usd analysis - gbp usd short term analysis - canadian dollar short term forecast in april

GBP/USD building long-term bottom

FXstreet.com (Jakarta) - The GBP/USD fell after the UK?s budget forecast the deepest contraction in modern times and deflation before a modest recovery in 2010. After breaking its downtrend, the GBP/USD is building a long-term bottom. Today the pair broke the 1.45 handle, currently testing the 1.44 support. If the support is broken, the pair will likely fall to the 1.42-area support. ?However, we believe it will trade in the 1.44-1.50 area,? said Hans Nilsson, analyst at CMS Forex.For more

long term forex forecast - forecast long term interest rates using short term - long term short term forecast of a business

Deltastock Daily Fx Analysis

April 27, 2009Current level - 96.69A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated between the 50- and 200-day SMA, currently projected at 94.12 and 99.36.As expected, the pair broke through the dynamic support at 97.65 and is targeting 95.83 and 93.58. Crucial on the upside is 97.70.Full Article

technical analysis the bottom of the market april 2009 - short term analysis of yen vs usd - canadian dollar short term april 2009

USD rating remains stable, new trend for greenback

FXstreet.com (Buenos Aires) - The U.S. credit ranking remains at AAA Moody?s Investor Service spokesman said Today. Fears of a probable downgrade triggered a selloff of U.S. assets starting early in the American session, with Wall Street and S&P closing to the downside, and dollar falling to record lows against major rivals. Despite that, dollar is unable to recoup ground, and at current levels, dollar is set to begin a longer term falling trend. Weekly close for majors tomorrow

us canadian dollar trend current short term - usd falling against major currencies 2008 - wall street closing today

Canadian Dollar Cannot Hold Gains After Hitting Three-Month High Against USD

It has been a volatile day for the Canadian dollar, which hit a three-month high against the greenback earlier Thursday morning.The gains were short-lived as the greenback reversed its losses and is currently hovering around the 1.21 CAD level.George Androulidakis, director of currency trading at the National Bank of Canada, said he took a long USD/CAD position at 1.20, which has proved to be a longer-term support level. He noted that the move Thursday morning looked slightly

level of unemployment in chicago is high - euro canadian dollar year high 2008 - canadian dollar vs euro high low history trends

Canadian Dollar Holds Gains Despite Dovish BOC

The Canadian dollar came under short-term pressure after the Bank of Canada cut interest rates and pledged to keep them low for a year.Canada's central bank cut rates by a quarter-point to a record low of 0.25% and said it will keep rates at that level until the end of the second quarter of 2010. USD/CAD rose over a cent in initial reaction to the interest rate cut. However, the gains have been capped at 1.2506 and

short term interest rates - bank of canada interest rates 2009 - long and short term interest rates anoncement 2009