The commodity seems to have decoupled from unknown events and their outcomes. Maybe the yellow metals performance suggests that this shutdown is not going to go on for too much longer? The Euro Holds Firm Perhaps the market is incorrect and the EUR bull should be worried with current price levels. The forex market is definitely favoring being long the 17-member single currency, and while investors remain content with the trade, further upside from current levels may be a struggle (1.3609). Idling in the middle range and trading close to year-highs suggests that the EURs left-hand side is the most vulnerable. The technicals would suggest that failing http://www.etftradingsignals.com/ to trade through resistance at 1.3625-30 opens up the opportunity to retest levels well below, around 1.3570.
USD/CHF lost 0.28% to 0.9048. The franc rebounded after Switzerland’s banking regulators said they are conducting investigations into several Swiss banks over allegations that foreign exchange rates may have been manipulated. That news was revealed last week. USD/CAD rose 0.06% to 1.0303 as oil prices drifted lower. AUD/USD inched up 0.02% to 0.9435.
Forex: USD/CAD Technical Analysis – Buyers Struggle Above 1.03
Most Asia-Pacific stock indexes declined. The short-term outlook for the Foreign Currencies is sideways. The medium-term outlook for mostForeign Currenciesis Bullish. The Heffx-LTN short-term model is Long all Foreign Currencies. * A Commodity Currency is a name given to currencies of countries which depend heavily on the export of certain raw materials for income.
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