Forex Investment and Currency Trading

USD
The dollar has continued its recovery in the aftermath of the Paulson/Plosser comments. With many of the heavyweight US financial firms having reported Q2 earnings, the focus is likely to shift back to the relative fundamental outlook in the coming days. A better environment towards risk and the resilience of US equity markets suggests [...]

[Read more →]

Overnight USD/CAD Movement
Asia: Although weakness in crude oil prices sustained a bid tone in USD/CAD overnight, the pair did return below 1.0100 at the North American open as Canadian CPI was stronger than expected. There were no major deal flows noted during the Asian session, with the soft tone in crude oil prices attracting buying [...]

[Read more →]

Few directional or material deal flows noted in USD/CAD during the overnight session.
Prices drift lower in London due to broader-based USD weakness.
Resistance at 1.0066 and 1.0080 is expected to attract short-term selling pressure for a pullback to support at 1.0027 and 0.9998.

Overnight FX Trading Activity:
Asia: USD/CAD traded lower during a quiet overnight session, as broad-based [...]

[Read more →]