Consumer Credit in the U.S. Falls Unexpectedly, Adding Volatility
The consumer credit in the U.S. decreased by the most in over one year, as the non-revolving borrowing unexpectedly shrank in September.
Read MoreAuthor: FXCM Inc.
EURAUD and EURCAD Structural Supports Tell a Story
The EURAUD and EURCAD are testing supports (4th wave supports) and turns higher from here would suggest risk aversion early next...
Read MoreRisk Reverses into Weekend-Multiple Trade Setups
The S&P reversed following its NFP spike this morning and short term patterns are clear-suggesting weakness (USD strength) early next...
Read MoreLong USD/CAD
The USD/CAD has arguably had one of the most volatile rides the since the end of July. After falling to 0.9405 in late July, the pair’s lowest exchange rate since November 2007, the USD/CAD has moved essentially vertically...
Read MoreLong USD/CAD as Correction Appears to be Complete
The USD/CAD has dropped nearly 500-pips this week from its high to low, and given the current wave count, the recent correction appears to be...
Read MoreFitch Delivers Second Downgrade of the Day to Spain
Fitch Ratings was on the war path Friday with the announcement of two significant sovereign EU downgrades and the threat of a third in the near future. Of the two announcements though, it was the two-notch Spanish downgrade to...
Read MoreEuro Slips after Fitch Downgrades Italy to A+ with Negative Outlook
Following in the footsteps of Moody’s Investor Service, Fitch Ratingsdowngraded Italian debt, sending the Euro tumbling...
Read MoreGerman Industrial Production Drops in August
More bleak news from Europe’s largest economy as celebrated German industry experiences rut not seen since 2008...
Read MoreVolatility Expected to Pick Up As Markets Digest Monthly NFP Report
Friday is all about the monthly jobs report and we expect that the fallout from the data will dictate direction in the markets for the remainder of the day…
Read MoreTechnical Outlook for Major Currencies – October 7, 2011
More USD weakness projected over the coming sessions but ultimately we look for the market to once again buy back into the Greenback.
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TraderPlanet’s Quick Guide to Candlesticks
