USDCAD Trump Shock Pushes Canadian Dollar Down

USDCAD increased 0.0063 or 0.46% to 1.3517

|Chart | Calendar   | TRADE NOW | USDCAD

Canadian Dollar | Data | Chart | Calendar | Forecast | News

The USDCAD increased 0.0063 or 0.46% to 1.3517 on Thursday June 8 from 1.3454 in the previous trading session. Historically, the Canadian Dollar reached an all time high of 1.61 in January of 2002 and a record low of 0.92 in November of 2007.

In view of this, we are looking to sell on recovery as 1.3490-00 should limit upside. Above said resistance at 1.3547 would abort and prolong consolidation, risk rebound to 1.3571-79 (previous support and 50% Fibonacci retracement of 1.3770-1.3387), however, reckon upside would be limited to 1.3620-25 (61.8% Fibonacci retracement) and bring another decline later.

To recap, wave B from 1.3066 is unfolding as an a-b-c and is sub-divided as a: 1.2192, b: 1.2716 and wave c is a 5-waver with i: 1.1983, ii: 1.2506, extended wave iii with minor iii at 1.0206, wave iv ended at 1.0781 and wave v as well as wave iii has ended at 0.9931, hence the subsequent choppy trading is the wave iv which is unfolding as (a)-(b)-(c) with (a) leg of iv ended at 1.0854, followed by (b) leg at 1.0108 and (c) leg as well as the wave iv ended at 1.0674. The wave v is sub-divided by minor wave (i): 0.9980, (ii): 1.0374, (iii): 0.9446, (iv): 0.9913 and (v) as well as v has possibly ended at 0.9407, therefore, consolidation with upside bias is seen for major correction, indicated target at 1.3700 and 1.4000 had been met and further gain to 1.4700 would be seen later.





USDCAD increased 0.0063





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Canadian Dollar

The USDCAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CAD. While the USDCAD spot exchange rate is quoted and exchanged in the same day, the USDCAD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Canadian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canadian Dollar – actual data, historical chart and calendar of releases – was last updated on May of 2017.

Canada Markets Last Previous Highest Lowest Unit
Currency 1.37 1.37 1.61 0.92 [+]
Stock Market 15277.20 15542.25 15922.37 217.50 points [+]
Government Bond 10Y 1.56 1.60 12.44 0.95 percent [+]

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

GBPUSD increased 0.0060 or 0.46% to 1.2976

Chart | Calendar   | TRADE NOW | GBPUSD

British Pound| Data | Chart | Calendar | Forecast | News


source: tradingeconomics.com
BUZ INVESTORS  The GBPUSD increased 0.0060 or 0.46% to 1.2976 on Wednesday May 17 from 1.2916 in the previous trading session. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record low of 1.05 in February of 1985.

Trade Idea Update GBPUSD Stand aside

Current break of indicated resistance at 1.2958 has dampened our bearishness and suggests the correction from 1.2991 has ended at 1.2844 earlier, hence further gain towards this level would be seen, however, break there is needed to confirm recent upmove has resumed for gain to 1.2999-00 (1.236 times projection of 1.2109-1.2616 measuring from 1.2365 and psychological resistance) and then headway to 1.3040-50 first.

In view of this, would not chase this rise here and would be prudent to stand aside for now. Below 1.2900-10 would prolong consolidation and risk weakness towards support at 1.2866 but only break there would revive bearishness and signal the rebound from 1.2844 has ended, bring test of this this level, then 1.2831.



GBPUSD increased 0.0060

British Pound

The GBPUSD spot exchange rate specifies how much one currency, the GBP, is currently worth in terms of the other, the USD. While the GBPUSD spot exchange rate is quoted and exchanged in the same day, the GBPUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – British Pound – actual values, historical data, forecast, chart, statistics, economic calendar and news. British Pound – actual data, historical chart and calendar of releases – was last updated on May of 2017.
Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.29 2.86 1.05 1957 – 2017 Daily
United Kingdom Markets Last Previous Highest Lowest Unit
Currency 1.29 1.29 2.86 1.05 [+]
Stock Market 7523.99 7386.63 7435.39 427.50 points [+]
Government Bond 10Y 1.09 1.16 16.09 0.52 percent [+]
30 Year Bond Yield 1.80 1.81 16.01 1.22 percent [+]
2 Year Note Yield 0.11 0.12 0.93 0.04 percent [+]
5 Year Note Yield 0.56 0.58 13.58 0.13 percent [+]

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




AUDUSD flirting with 2-month lows

AUDUSD decreased 0.0035 or 0.46%

AUDUSD decreased 0.0035 or 0.46%




AUDUSD

BUZ INVESTORS  AUDUSD decreased 0.0035 The pair is trading at 0.7532 at 09:40 GMT this morning, with the Australian Dollar trading 0.42% lower against US Dollar from the New York close. Moving ahead, market participants will closely monitor a speech by the Reserve Bank of Australia’s (RBA) Governor, Philip Lowe, due tomorrow. This morning, the pair traded at a high of 0.7572 and a low of 0.7527. The Australian Dollar traded slightly higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7564. In economic news, in China, Australia’s largest trading partner, the leading economic index rose on a monthly basis in March. The pair is expected to its find support at 0.7511 and its first resistance at 0.7568.



 AUDUSD decreased 0.0035

 

Australian Dollar Data | Chart | Calendar | Forecast | News

The AUDUSD decreased 0.0035 or 0.46% to 0.7526 on Tuesday April 25 from 0.7560 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

The AUDUSD spot exchange rate specifies how much one currency, the AUD, is currently worth in terms of the other, the USD. While the AUDUSD spot exchange rate is quoted and exchanged in the same day, the AUDUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Australian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Australian Dollar – actual data, historical chart and calendar of releases – was last updated on April of 2017.

With today’s slide, the pair has now snapped three consecutive days of winning streak and is now pushing closer towards the key 0.75 psychological mark as traders now look forward to the US economic docket for some fresh trading impetus.

However, this week’s key macro data, including Wednesday’s Australian Q1 inflation figures and US Q1 GDP print, are likely to act as the next big fundamental triggers for the pair’s next leg of diretional move.

   •  Australia’s Q1 2017 CPI preview – NAB

Investors will also keep a close watch on developments surrounding the US debt ceiling and the US President Donald Trump’s promised “massive tax cut” plans, expected to be unveiled this week.

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




Buz Investors XAGUSD Price of Silver The silver market performed reasonably well in 2016, with the price of the precious metal picking up more than $2 to close the year at $15.88 per ounce. That in turn helped boost the prospects for silver-tracking investments like the iShares Silver Trust

$XAGUSD Silver decreased 0.08 USD/t. oz or 0.46%

Silver decreased 0.08 USD/t. oz or 0.46%

Buz Investors Silver decreased 0.08 The precious metal is trading at $17.19 per ounce at 10:40 GMT this morning, 0.38% lower from the New York close. During the session, silver traded at a high of $17.31 per ounce and a low of $17.16 per ounce.

Silver

Buz Investors Silver decreased 0.08 The precious metal is trading at $17.19 per ounce at 10:40 GMT this morning, 0.38% lower from the New York close. During the session, silver traded at a high of $17.31 per ounce and a low of $17.16 per ounce. In the New York session yesterday, silver fell 1.0% and closed at $17.25 per ounce, tracking weakness in gold prices. Immediate downside, the first support level is seen at $17.08 per ounce, while on the upside, the first resistance level is at $17.37 per ounce.



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Silver decreased 0.08

 

Silver decreased 0.08 USD/t. oz or 0.46% to 17.18 on Thursday March 9 from 17.26 in the previous trading session. Historically, Silver reached an all time high of 49.45 in January of 1980 and a record low of 3.55 in February of 1991.

Silver futures and options contracts are used by mining companies, fabricators of finished products, and users of silver-content industrial materials to manage their price risk. As a precious metal, silver also plays a role in investment portfolios. The largest industrial users of silver are the photographic, jewelry, and electronic industries. The biggest producer of silver are: Mexico, Peru and China followed by Australia, Chile, Bolivia, United States, Poland and Russia. This page provides – Silver – actual values, historical data, forecast, chart, statistics, economic calendar and news. Silver – actual data, historical chart and calendar of releases – was last updated on March of 2017.




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