Not a Member? Join Now!   Already a Member? Sign In!

Forex Trading

Aussie testing support at the lows….

The USD is continuing to be the mover and shaker, trading on highs against the majors with the Nikkei currently up 0.80%. Currently the AUD/USD is testing the lows around 1.0460; the 0.0% on the hourly chart. We haven’t seen trading at this level since January 20th.

usd/hkd continue to rally after break out of a upward wedge.

usd/hkd continue to rally after break out of this upward wedge getting close to recent highs, which might provide some resistance for the pair.

aud/usd getting close to the 50% retracement level.

aud/usd getting close to the 50% retracement level from this recent rally.

RBA bulletin says bank funding costs are part of the cash rate setting.

  • Lending rates have fallen more than funding costs in the past 6 months.
  • Funding costs have risen relative to cash rate.

To all followers….

I wanted to let you all know, that I have been asked to join the crew at www.forexlive.com.  The contributors at Forexlive are top notch and I am excited to be bringing my daily analysis to their customers.  As of now, my daily commentary role will not change. I will continue to dedicate myself to you – the customer.

Canadian Cap Utilization Rate Lower than Expected

Canadian Cap Utilization Rate Lower than Expected

Survey: 81.6%, Actual: 80.5%, Prior: 81.3%, Revised: 80.0%

Syndicate content