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Forex: USD/CAD falls back to 1.2350 from 1.2505

FXstreet.com (Barcelona) - After reaching the 1.2505 level, highest since April the 2nd, a few minutes afterward the BoC cut rate decision, USD/CAD has fallen around 150 pips to test the 1.2350 level.Currently, the pair is trading around 1.2365/75 after falling 0.30% so far today from opening price at 1.2408.According to Valeria Bednarik, Market was surprised by BoC: Canada surprise markets with a 0.25% rate cut, sending the benchmark to a fresh record low of 0.25% and decline sharply against

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Canadian Dollar Caught in Range Trading

The Canadian dollar was on a rollercoaster ride during the Asian and European trading sessions overnight, bouncing within a one-cent trading range.USD/CAD continues to track equity markets on Wednesday morning. The cross is showing some modest strength as U.S. equity futures point to a weaker open for the North American trading session. The cross is caught in the middle of the range at 1.2456 CAD.Jacqui Douglas, currency strategist from TD Securities, said there is a lot of

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Forex: AUD/USD rises 1.10%, testing 0.7200 level

FXstreet.com (Barcelona) - AUD has risen around 85 pips against the USD from 0.7115, in the Early European morning, to reach today's high at 0.7200. currently, AUD/USD is trading around 0.7190/0.7200 after rising 1.10% so far today from 0.7121 opening price.Yesterday the pair rose 0.85% from opening price at 0.7063, reaching 0.7156 as maximum and 0.7030 as minimum, to close the day at 0.7122.The Varengold Bank Research Team says: The AUD/USD has been trading in a bearish trend phase and

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Le Dow Jones Industrials average

L'indice trace un couloir ascendant jusqu'en septembre-octobre 1990, puis il consolide dans un trading range entre nos droites 1 et 3. L'indice finira par sortir par le haut de ce trading range en mai 1990 (point C) pour renouer avec une tendance haussière dont la ligne haute ou parallèle de canal n'est autre que la ligne de tendance de 1989 marquée A.

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Forex: EUR/USD falls below 1.3400 after reaching monthly high at 1.3470

FXstreet.com (Barcelona) - After reaching a fresh monthly high at 1.3470, EUR/USD has fallen around 90 pips to 1.3380 level, the pair is currently trading below 1.3400 level. According to Lena Manousarides, SpikeCharts' analyst, today's rate decision was crucial for the Euro?s direction: Heavy EUR/USD trading followed the ECB's decision to cut rates by 25 points and the pair seems poised for further gains towards 1.35; where a clear break of 1.3470 could potentially boost the Euro towards 1.3530. Seeing

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Forex: USD/CHF: Dollar could reach 1.1700 breaking range top at 1.1585

FXstreet.com (Barcelona) ? The Dollar has been trading in a clear flat range during the last hours; after yesterday?s 150 pips rally, the Dollar has been trading between 1,1550 support area and 1.1585 on the upside. According to the Kshitij Consultancy Service Team, once above 1.1585, the pair could reach 1.1700: ?Dollar-Swiss has been extremely ranged during the day after the sharp rise seen yesterday which took the pair towards 1.1600. It is trading bound by the 55-DMA (1.1548)

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Forex: GBP/USD falls to 1.5030 after flirting with 1.5100 level

FXstreet.com (Barcelona) - After trading in a small range between 1.5060 and 1.5100 in the last three hours, Cable has fallen around 65 pips from 1.5095 to 1.5030. Currently the pair is trading around 1.5045/55.The Swiss e Trade Strategy Team says: The pound seems to be continuing its now seven day uptrend against the dollar and is currently trading at 1.5080, about to attack resistance at 1.5150. We see that level being reached today, but not broken. A consolidation is

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