will the canadian dollar rally back in 2009

USD/JPY; Yen trying to rally in Asia Session

FXstreet.com (Jakarta) - The Japanese Yen (JPY) once again at the mercy of the stock market trying to rally in Asia before pulling back in the US session. EUR/JPY led the rebound but GBP/JPY was very heavy to leave the outlook mixed. ?The IMF report released yesterday painted a bleak picture for both the global and Japanese economies,? said Easy Forex Team. Overall the USDJPY traded with a low of 97.60 and a high of 98.62 before closing the day

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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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Forex: USD/CHF: Rejection from 1.1260 pulls the Dollar below 1.1200

!--TITOL: h1Forex: USD/CHF: Rejection from 1.1260 pulls the Dollar below 1.1200FITITOL--FXstreet.com (Barcelona) - Dollar rally from 1.1040 low last Friday has capped at 1.1245 resistance area, and the Dollar has pulled back to levels right at 1.1200, above 1.1185 support.br /br /On a longer term, the a href=http://www.fxstreet.com/technical/analysis-reports/fx-thoughts-for-the-day/2009-05-18.htmlKshitij Consultancy Service Team/a, expects the pair to remain between 1.1170 and 1.1360: Overall, the pair looks likely to be ranged between 1.1170-1.1360 over the next few days which is bound by

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USD/JPY: Dollar rally, capped at 99.60

FXstreet.com (Barcelona) ? Dollar rally from 98.50 intra-day low has reached a fresh two-week high at 99.60 to pull back to levels around 99.40 at the time of writing. Next resistance levels stand at .70/77 (5 Mar/17 Apr highs) and 100.00, once above here, probably at 100.40/50. On the downside immediate support level could lie at 99.00/15, previous intra-day high, and below there, 98.74 and intra-day low at 98.50.For more information, read our latest forex news.

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Forex: GBP/USD finds support at 1.6390, back above 1.6450

FXstreet.com (Barcelona) - The Cable's rejection from 1.6480 has found support at 1.6390 with the pair rebounding, at this level, to be traded back above 1.6450. The pair is posting gains in daily basis, trading 1.6445/55, 0.60% above today's opening price.According to Valeria Bednarik, collaborator at FXstreet.com, this could be a corrective reversal before further rally: Break above the descendant channel with nice volume trigger an upside rally halted just under 1.6500 zone. Hourly indicators seem a bit exhausted to

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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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Forex: EUR/USD breaks above 1.2950 after better than expectec ZEW survey

FXstreet.com (Barcelona) ? The Euro has broken above the range it has been trading for the last hours. Rebound on 1.2900 support level has extended above 1.2950 after German Zew Institute released a far better then expected economic expectations index in Germany, and The Euro rocketed to 1.2990/1.30 resistance level.In case of breaking above 1.2990/1.3000, next resistance level could lie at 1.3020, and above here, probably 1.3070. On the downside, back below 1.2950, the Euro could find support at intra-day

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