Daily Analysis of USDCAD

Tokyo futures fall below 170 yen/kg as oil drops

Tokyo rubber futures dropped below 170 yen per kg to a two-week low, falling for a third straight session as a retreat in oil and gold prices sapped investor appetite for the industrial commodity.
* A speedy, chart-led rally for rubber futures stopped at a touch below 180 yen last week, and traders and investors have since hurried to lock in profits.

Oil falls over 6 percent on economic outlook, dollar

Oil fell more than 6 percent to around $47 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand.

Pressure grows for RBA to be more open

IF the US Federal Reserve ups the ante in terms of transparency by holding press conferences, as was suggested in the US yesterday, that will put pressure on other central banks, including Australia’s, to follow.

Chart of the Day

Price action on EUR/USD as of Monday (4/20/2009) morning has expectedly dropped below the key 1.3000 support/resistance level, thereby projecting some significant bearishness in the pair.

Analysis of todays currency movements Part 1

Today, there was a huge fall in a lot of currency pairs and i hope everyone made some nice money. Usually the London session is the one with a lot of action and that was again proved yet again today where all the pairs saw a large drop during that session.

US consumer sentiment rebounds in April

U.S. consumer confidence rebounded in April to the highest levels since September before investors panicked about the collapse of Lehman Brothers and the global banking system’s near implosion, a survey showed on Friday.

Gold steadies, ETF falls from record

Gold hovered near a one-week low on Friday, pressured by firming equities, while dealers took a drop from a record high in the world’s largest gold-backed exchange-traded fund as a sign investor demand may be receding.

Oil eases below $50, gains capped by mixed US data

Oil eased below $50 a barrel on Friday, paring Thursday’s gains as mixed U.S. economic data spotlighted the fragile nature of a possible recovery in the world’s top energy user. Crude’s Thursday rise was fuelled by a surge on Wall Street and data showing the number of U.S. workers filing new claims for jobless benefits unexpectedly fell last week

Worst of UK recession 'behind us'

There are signs the economy may already have started a recovery, according to an economist who is set to join the Bank of England’s rate-setting body.