Chart of the Day: EUR/USD (Daily FX)
With the volatility in the FX markets declining, it may be getting close to once again adjust our thinking when looking for currency pairs to trade.
Archive for October 20th, 2008
A BoC Rate Cut Would Support Short-Term USD/CAD Technical Outlook (Daily FX)
The Bank of Canada is expected to cut its benchmark interest rate by 50 bps at its upcoming policy meeting. The easing would follow a 50 bps cut by the central bank in conjunction with other major policy makers in an attempt to stem the current crisis.
Forex, Stock Market Price Action to Remain Linked in the Near Term (Euro Open) (Daily FX)
Forex price action is likely to take its cues from trading in other financial markets with Switzerland?s Trade Balance the only item of significance on the European economic calendar.
Short-Term Technical Outlook: EUR/CAD (Daily FX)
After holding within a broad range between 1.5340-1.6320 since March, the EURCAD came under heavy selling pressure to hit an intraday low of 1.4719 on 10/6, but has snapped back and may offer profitable opportunities for forex traders.
Identifying Trades with DailyFX 10.21.08 (Daily FX)
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Identifying Trades with DailyFX 10.21.08 (Daily FX)
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Identifying Trades with DailyFX 10.21.08 (Daily FX)
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Dollar slips against the yen in night trading (AP)
The dollar slipped against the Japanese yen late Monday night. The greenback fell to 101.81 yen from the 101.88 yen it bought in late afternoon trading.
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