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USD Index Clouded By Bearish Signal, Euro Rebound At Risk

February 19th, 2012

The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.22 percent higher from the open after retracing the overnight decline to 9,787, and the greenback may continue to track higher in the days ahead as the stickiness in inflation curbs speculation for another large-scale asset purchase program. As the fundamental outlook for the world’s largest economy improves, [...]

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Author: Categories: Forex Trading Tags: , ,


USD/CAD: Trading Canada’s Consumer Price Report

January 20th, 2012

What’s Expected: Time of release: 01/20/2012 12:00 GMT, 7:00 EST Primary Pair Impact: USDCAD Expected: 2.7% Previous: 2.9% DailyFX Forecast: 2.5% to 2.8%   Why Is This Event Important:   Consumer prices in Canada are expected to increase at an annualized 2.7% in December, and the slower rate of inflation could spark a bearish reaction in the loonie as the development dampens expectations for [...]

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Author: Categories: Forex Trading Tags: , ,