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Showing Posts 1 - 6 out of 6 found.

USD/CHF – Dollar rebounds from three-month double-bottom low

USD/CHF – Dollar rebounds from three-month double-bottom low

USD/CHF has rebounded from the double-bottom low that was initiated on May 7th at .9071 and then nearly retested on Thursday at .9077, which establish more than a three-month low.  The rebound with the greenback occurs after a couple of weeks of poor US economic releases that have swayed market expectations to believe that the Fed will not raise rates in June and that a September hike is now...

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Following the US Dollar Trend

Following the US Dollar Trend

Finding the trend is arguably one of the most important aspects of a technical trading strategy. If a trader can find the direction of the trend, it can exponentially increase the likelihood of having a successful trade. Trend traders have particularly enjoyed a continued bull run for the USDollar into the 2015 trading year. Prices have advanced in 8 out the last 10 months, allowing traders...

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Crude Boosts Canadian Dollar

Crude Boosts Canadian Dollar

In recent weeks we have seen crude oil rebound from the lows in the first quarter. On Wednesday crude posted its high for the year at 62.58, a level it hasn’t seen since December. The recent move up has many wondering if the bottom was put in March, when it broke 43.00.  The recent climb in crude also comes ahead of driving season, which also has many observers speculating how much higher it...

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The Loonie-Crude Trend, A Premium Play

The Loonie-Crude Trend, A Premium Play

The Context The Canadian Dollar (Loonie) is trading near 80 again after a visit below 78 last month. When the US Dollar flexed its muscles in March, foreign currencies had a steady decline. After lingering at the lower end of the range, the Loonie put in a recent high of 80.65 before trending lower again. Crude Oil has had a recent bounce as well. If you already follow the Loonie, you know...

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The Eurodollar Curve And Spreads Widening Further?

The Eurodollar Curve And Spreads Widening Further?

I have previously posted that eurodollar one-year calendar spreads in the front end of the curve give a good indication of the market's perception of tightening, and how these one year spreads have compressed over time, as Q1 data has been weak and the employment report caused further re-pricing in terms of rate hike prospects.  As a quick review, Sept '15 to Sept '16 (EDU5/EDU6) spread was...

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US Dollar – Correction Behind Us?

US Dollar – Correction Behind Us?

With no break of the 34-dma, and a cycle low due this week, it is beginning to look like the bulk of the expected correction is behind us and DXY will soon begin what is expected to be the last leg of its rally prior to this September. April looks bullish for the dollar with short-term cycles pointing to highs near both Apr. 15 and Apr. 30. The price targetof 102.00 is a minimum target...

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