Forex Investment and Currency Trading

CAD continues to drive lower, testing support at 0.9820/25 (May 21st low), after the surprising Current Account Balance release this morning.  Canada continues to befuddle our economists and traders but trend is definitely clear.  The next target level below 0.9820 will be 0.9715, the February 28th low. 
The interesting thing to note is that most of [...]

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While UK economic growth has remained resilient compared to the US, the British economy continues to show signs of the potential for a sharp deterioration in the months ahead. However, surging inflationary pressures will likely prevent the Bank of England from cutting interest rates again ahead of 4Q 2008. Since the MPC’s May 8th meeting, [...]

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The latest inflation and trade data from Vietnam have yet to show improvement and this has triggered strong reaction from overseas investors. Sentiment is likely to remain cautious until there are convincing signs of turnaround in both sets of indicators. Meanwhile, the Vietnamese dong (VND) is likely to come under downward pressure as markets remain [...]

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