Dollar Versus Canadian Dollar and Euro

FX Strategy Video > Currency Pairs Analysis

USD/CAD rose for the session on Thursday as the oil markets ended the day a bit on the soft side. In reality, this is just more of the same, and is simply consolidation. None the less, there are pips to be had by the most obvious trade in Forex right now.

EUR/USD had a strange day. In the end, we didn't really go anywhere. Perhaps this is because the Spanish managed to sell their bonds, (albeit at a higher than expected rate) and this provided some sense of stability. However, the market simply couldn't find its way in either direction. Because of this, we expect more chop-chop today.

Published on 19th of April 2012
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