USDCAD Forecast December 7, 2015, Technical Analysis
The USDCAD pair went back and forth during the course of the day on Wednesday as we got employment numbers out of both the United States and Canada.
Canada
USDCAD Bullish Continuation July 16, 2015
After surging past the key resistance around 1.2800 during the BOC rate statement, USDCAD is forming a bullish flag pattern that suggests potential continuation.
USDCAD Short-Term Correction June 15, 2015
USDCAD is showing signs of a pullback on its 1-hour time frame, as the pair bounced off the 1.2200 major psychological support area. Price is now testing resistance at the 38.2% Fibonacci retracement level, which lines up with the short-term 100 SMA.
AUDCAD Retracement Play – Feb 5, 2015
AUDCAD recently broke below a key support zone at the .9800 major psychological level and appears to be pulling up for a retest.
Even Oil Inventories Fail To Put The Brakes On
For oil traders and speculators hitting the sell button has become almost automatic, as the heavily bearish tone for the commodity shows no signs of abating just yet, with another solid move lower yesterday offering low risk trading opportunities once again.
Over Supply of Oil Continues to Drive Prices Lower
It was a day of muted trading for oil yesterday, with both the US and Canada observing a public holiday in honor of their war veterans, and as a result the Wednesday oil inventories report is now scheduled for Thursday.
Bumper Crops Continue to Drive Soft Commodities Markets
It was another week of falling prices for soft commodities (DBA, quote) once more, as over supply issues continue to dominate across all the major markets, and clearly evident from the weekly charts. It is the US which sets the price for world markets as the largest exporter, with the US Midwest corn belt set to produce a record harvest for a second year.
The eResearch Clarion Letter
A clarion is a medieval trumpet that had clear, shrill tones. Trumpets were often uses to get people’s attention when making announcements. We are using “clarion” in the context of making announcements, as well as being thought-provoking when sharing our information and opinions with those who are interested in new investment ideas. Topic: Market Outlook 2013 After a down-turn into mid-November, global stock markets are putting in a
The eResearch Clarion Letter
A clarion is a medieval trumpet that had clear, shrill tones. Trumpets were often uses to get people’s attention when making announcements. We are using “clarion” in the context of making announcements, as well as being thought-provoking when sharing our information and opinions with those who are interested in new investment ideas. Topic: Natural Gas For quite a while, natural gas performed so badly, with the price beaten down
Introducing Bob Weir from eResearch
CurveAheadMarketStrategies,com is proud to introduce Mr. Bob Weir, CFA from eResearch.
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