Patterns on multiple Canadian dollar crosses indicate, with a high probability, that the Loonie is about to fall across the board. We have determined risk and target levels for multiple CAD pairs.
Patterns on multiple Canadian dollar crosses indicate, with a high probability, that the Loonie is about to fall across the board. We have determined risk and target levels for multiple CAD pairs.
Forex Practice Account
Forex Courses
Open An Account
Deposit Funds
Risk Warning
Trading Signals
Trading Strategies
News From Thomson
Getting Started in Forex
Range Trading from Charts
Euro Trading Tips
Range Trading Guide
Forex For Beginners
DailyFX Forum
• Euro: Trichet’s Hawkish Comments Put to the Test
• British Pound: Busy Week Ahead
he EURUSD continued its rebound from multi-week lows in the aftermath of yesterday’s very tough, unapologetically hawkish press conference by ECB President Jean Claude Trichet.
Full Article
More ArticlesForex reports |
The high end of the yield curve has taken a significant hit over the past week; and carry trades have suffered the consequences. The DailyFX Carry Trade Index sunk $298 dollars since last Friday after failing to over take a descending trendline that has been directing the basket since risk appetite was tripped up by the subprime meltdown last summer. In turn, a breakdown in USDJPY and other yen crosses has weighed on risk reversals, which show a greater demand for puts. However, during this reversal, the outlook for a BoJ hike over the coming year has eased and volatility cooled, suggesting this will be a more orderly (and perhaps short-lived) carry unwind.
Full Article
More Special Reports
FXCM News
More Daily Reports
![]() |
| Canadian Net Employment Change | ||||
| ... | ||||
| 10.0K | 19.2K | |||
Patterns on multiple Canadian dollar crosses indicate, with a high probability, that the Loonie is about to fall across the board. We have determined risk and target levels for multiple CAD pairs.
More Charting