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FEATURE: Oil trading and the Canadian Dollar

FEATURE: Oil trading and the Canadian DollarFITITOL-->FXstreet.com (London) - Oil and indeed most... For more information, read our latest forex news.

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Forex: EUR/USD trends up trading at 1.4875

FXstreet.com (Sydney) ? The EUR/USD continued on its upward trend for the week finishing the day?s trade at 1.4875. This represents an improvement of 1.05% for the week and is likely to test heights not seen since October 25. Current supports are at 1.4625 with key resistance at 1.4860. If this can be overcome, the EUR/USD may once again test the 1.5000 mark.While the prevailing trend of the euro against the dollar in on an upward bias,

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Forex: GBP/USD drops 80 pips but trends upwards. Trading at 1.6647

FXstreet.com (Sydney) ? The GBP/USD lost some ground from recent gains to now trade at 1.6647. While the pair is still up 3.62% for the month, there are worrying signs for the pair with the likely trend to continue downwards. Key support can be found at 1.6260 while resistance can be found at the 1.6700 level.The pound was boosted by the BoE?s decision to continue expanding its QE strategy, investing a further £25bn in the British economy.

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Dollar Finishes a Week of Falling Trends

During last week's trading session, traders that went short on the dollar made profits. The dollar dropped over 300 pips against the Euro, around 400 pips against the Pound, and slid about 350 pips against the Yen. The Dollar weakened in light of some negative data published from the U.S economy. The U.S Trade Balance report for July showed that the difference between imports and exports increased by 16 percent, the most since 1999. The gap rose to $32 billion from

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US-Dollar beendet Handelswoche rückläufiger Trends

In der vergangenen Woche verbuchten Händler, die beim US-Dollar auf fallende Kurse setzten, Gewinne. Der Dollar rutschte um mehr als 300 Punkte zum Euro ab, verlor 400 Punkte gegenüber dem Britischen Pfund und nahezu 350 Punkte zum Yen. Die letzte Woche war von einigen negativen Wirtschaftsdaten aus den USA geprägt. Die US-amerikanische Handelsbilanz weist für Juli ein Defizit in Höhe von $32 Mrd. aus. Im Vormonat hatte dieses noch bei $27,5 Mrd. gelegen. Der Handelsbilanzüberschuss ist um insgesamt 16% angestiegen und

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Canadian Dollar / East Caribbean Dollar converter (CANADA / SAINT VINCENT AND THE GRENADINES)

Canadian Dollar / East Caribbean Dollar converter (CAD / XCD) will convert the currency of CANADA in currency of SAINT VINCENT AND THE GRENADINES with the actual exchange rate.

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East Caribbean Dollar / Canadian Dollar converter (SAINT VINCENT AND THE GRENADINES / CANADA)

East Caribbean Dollar / Canadian Dollar converter (XCD / CAD) will convert the currency of SAINT VINCENT AND THE GRENADINES in currency of CANADA with the actual exchange rate.

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Liberian Dollar / Canadian Dollar converter (LIBERIA / CANADA)

Liberian Dollar / Canadian Dollar converter (LRD / CAD) will convert the currency of LIBERIA in currency of CANADA with the actual exchange rate.

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New Zealand Dollar / Canadian Dollar converter (TOKELAU / CANADA)

New Zealand Dollar / Canadian Dollar converter (NZD / CAD) will convert the currency of TOKELAU in currency of CANADA with the actual exchange rate.

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US Dollar / Canadian Dollar converter (VIRGIN ISLANDS (U.S.) / CANADA)

US Dollar / Canadian Dollar converter (USD / CAD) will convert the currency of VIRGIN ISLANDS (U.S.) in currency of CANADA with the actual exchange rate.

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