Forex Investment and Currency Trading

Although USD/CAD has broken bullishly out of its eight month trading range, the near-term upside is limited from an interest rate perspective. A weaker CAD removes an important factor that had helped keep Canadian inflationary pressures under control. With monetary policy already stimulative, the BoC is unlikely to corroborate market expectations of at least one [...]

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1 - 3 Month Outlook
The underlying pressure for CNY to appreciate is illustrated by the fact that China’s FX reserves have increased by almost $300bn so far this year. Latterly, the pace of revaluation has slowed, particularly against the US dollar, in the face of weaker growth in the OECD economies, and there have been [...]

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USD
Despite further negative developments in the US financial system, the dollar has remained resilient. Highlighting the ongoing credit crisis, Merrill Lynch announced further writedowns and plans to sell more stock. European equities have pushed lower, driven mainly by financial stocks. US equity futures are in positive territory after positive data releases this morning. Ahead of [...]

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