Dollar Versus Euro and Loonie September 7th

FX Strategy Video > Currency Pairs Analysis

EUR/USD continued to rise on Thursday as the ECB announced it was willing to buy "unlimited" amounts of bonds to help out its members. However, the devil is always in the details, and the markets have a right to be skeptical. The 1.27 level is just above, and needs to be overtaken in order to feel good about being long of this pair now.

The USD/CAD pair fell to test the 0.99 handle, but with the Non-Farm Payroll number coming out later today, it was going to be hard for the sellers to overcome the support. However, this pair is VERY sensitive to the NFP numbers, so today should be a big day in this market.

Published on 6th of September 2012
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