Forex Investment and Currency Trading

FX: Support at 0.9182 and 0.9102 is expected to attract buying interest in AUD/CAD for an attempt to pierce nearby congestive resistance at 0.9370. A daily close above this pivot point would sustain the current uptrend,targeting 0.9513, followed by the ascending channel top at 0.9573.
AUD/CAD has been trending higher in an orderly fashion since late [...]

[Read more →]

Global rate markets are moving in a manner that suggests growing confidence in decoupling global growth prospects. While this confidence may ultimately prove misplaced, history suggests running with it for several months, if not quarters.  Long AUD/CAD is the key way to play this theme, whilst at the same time reducing USD risk and reducing [...]

[Read more →]

FX Bottom-line: During the last 3 months, CAD has struggled on the crosses with
the currency unable to benefit from still elevated commodity prices as it continues
to trade largely in line with the USD, underperforming most G10 currencies.

[Read more →]