Forex: Commodity Currencies Face Tough Times? Many analysts now feel that commodity currencies risk becoming victims of their own success as this year’s rally has made them increasingly dependent on continuous economic upside surprises to drive them beyond key technical barriers. A move by China to let the Yuan appreciate may also knock these high yielding currencies if it triggers a wave of risk aversion.  The Canadian, Australian and New Zealand dollars have all rallied on the international financial (forex trading) market in recent weeks. They have been buoyed up by strong economic fundamentals, continuing Chinese demand for commodity exports from all three countries and…. Click Here to Read More
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Japan markets may face some pressure after vote
July 11th, 2010 
kk Japan markets may face some pressure after vote Japanese shares and government bonds may face initial selling pressure on Monday after the government lost an upper house election a reverse that could thwart its ambitions to curb public debt. Read more on Reuters via Yahoo! UK & Ireland…. Click Here to Read More
Aussie & amp; kiwi hit 1-mth highs, but face resistance
June 19th, 2010 kk Aussie & amp; kiwi hit 1-mth highs, but face resistance & quot;There have been steady buyers all day even when stocks were offered, & quot; said a forex trader at an Australian bank. & quot;There is technical resistance at & #36;0.8715, after which I think it will come back heading into the weekend. & quot; Read more on Yahoo!7…. Click Here to Read More
Canadian Dollar to Face 4Q GDP, Bank of Canada Rate Decision
February 28th, 2010 kk Canadian Dollar to Face 4Q GDP, Bank of Canada Rate Decision Canadian Dollar to Face 4Q GDP, Bank of Canada Rate Decision Fundamental Forecast for Canadian Dollar: Neutral – Canadian Dollar Forecast to Weaken Against USD – Forex Strategy Outlook: US Dollar Forecast to Remain in Tight Range – Volatility Behind the Dollar, Dow and Risk Appetite Increases but a Clear Direction Still Absent The Canadian dollar weakened against its U.S. counterpart as … Read more on Daily FX via Yahoo!…. Click Here to Read More
