Cable to go on a losing streak
The Cable lost ground after the OECD recommended reductions in the budget deficit so that the central bank could keep interest rates low, which would make the Sterling less attractive, vis a vis the high yield currencies. It has already broken the Nov 12 level of 1.6570 in today’s session indicating bears are on the [...]
CAD Bounces back from monthly lows…
The pair is expected to look bearish in the coming week as the commodity market is heating up with crude flirting around $80/barrel, and having crossed it once already this week. CAD is near its highest level in over a week as investors are eagerly waiting for the employment report to see where the Canadian [...]
USDCHF Pair – A Bear’s Dream?
The USDCHF pair is looking like a bear’s dream with the RSI hovering around the oversold zone, currently valued at 33. The MFI is also suggesting a downward trend, since it was at 64 only 10 days ago, compared to 36 today. Technical’s suggest that there is much downside left until 0.992 (Stop Loss: 0.995) [...]
