Volatility in Euro and Yen to Continue Much volatility was seen in Euro last week as the Greece drama continued. After initial selloff, the common currency did manage to stage an impressive rebound towards the end of the week on hope that Greece may finally receive emergency aid soon. Yen was equally volatility as countering force from risk appetite and falling treasury yields played on the currency. Commodity currencies were generally strong, as stocks reached new high and on strength in crude oil and gold. However, Canadian dollar lost some momentum after hitting parity against dollar and disappointing job report did no support to the Loonie. Meanwhile, dollar remained mixed. Full Report Here... |
USD/CAD Weekly Outlook USD/CAD reached as low as 0.9976 last week but drew support from parity and turned sideway. Initial bias is neutral this week and some more consolidations would probably be seen. But after all, break of 1.0302 resistance is needed to indicate that USD/CAD has bottomed. Otherwise, outlook remains bearish and more decline is still in favor. Below 0.9976 will target 0.9823 support next. Read more... All Technical Outlook Reports | Weekly Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | CHFJPY | 87.40 | 89.18 | -178 | -2.04% | | EURAUD | 1.4455 | 1.4690 | -235 | -1.63% | | EURJPY | 125.76 | 127.76 | -200 | -1.59% | | GBPCHF | 1.6389 | 1.6131 | +258 | +1.57% | | AUDUSD | 0.9336 | 0.9190 | +146 | +1.56% | Currency Heat Map Weekly View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | |
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