Forex Market Commentary
Canada Posts Disappointing Jobs Numbers
By FXCompass — Friday, 09 April 2010
The Canadian dollar stepped away from parity once again after Friday's jobs report disappointed investors.
Greece Will not Default According to Trichet
By FXCompass — Thursday, 08 April 2010
The Greek deficit was the main subject of ECB president Trichet’s press conference, which was held shortly after the central bank announced the decision to maintain its minimum bid rate at 1.00% on Thursday.
AUD Approaches Key Resistance
By FXCompass — Wednesday, 07 April 2010
The Australian dollar’s seems unstoppable these weeks. Its uptrend is well in shape and hasn’t shown much signs of weakness ever since it started in early February. But things get interesting now that it approaches a key resistance region near .9320.
Forex Market Summary — April 05 – April 09
By FXCompass — Tuesday, 06 April 2010
Germany and France came to an agreement about the Greek debt financing during last week’s EU Summit in Brussels. After weeks of speculation and debate, both countries have finally agreed to back up a potential EU/IMF bailout plan.
The Canadian Dollar Reaches Parity
By FXCompass — Tuesday, 06 April 2010
Helped by another push in oil prices, the Canadian dollar reached parity with the U.S. dollar on Tuesday for the first time since July 2008.
Euro Falls on Renewed Greece Concerns
By FXCompass — Tuesday, 06 April 2010
The euro fell back below 1.3400 against the dollar on Tuesday after a Market News International report said Greece is trying to avoid an International Monetary Fund (IMF) involvement in a bailout package.
EUR/USD in a Short Term Rising Wedge
By FXCompass — Thursday, 01 April 2010
After retracting in the Asian session amid a disappointing German Retail Sales (-0.4% in February), the euro continued its progression on Thursday and completes the formation of a rising wedge in the hourly chart.
EUR/USD Back Above 1.3500
By FXCompass — Wednesday, 31 March 2010
Following an extensive set of economical data, the euro reversed Tuesday’s losses and is back above 1.3500.
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Poll
Interest Rates
 |
US | 0.25% |  |
UK | 0.50% |
 |
EURO | 1.00% |  |
JP | 0.10% |
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AUD | 4.25% |  |
CAN | 0.50% |
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CH | 0.25% |  |
NZ | 2.50% |