Dollar Versus Loonie and Euro June 4th

FX Strategy Video > Currency Pairs Analysis

USD/CAD had a bullish session on Friday as the Non-Farm Payroll numbers came out very weak in America. The CAD is being pummeled as the oil markets continue to give way as well. The lack of demand for oil will continue to harm the Loonie, and we like pullbacks as a result.

The EUR/USD pair has a bullish session as the poor NFP numbers got people thinking that the Fed will have to ease. However, the ECB is likely to be first to do so, and there are far too many negative headlines out there waiting for us to go long. Also, there is that pesky 1.25 level...

Published on 1st of June 2012
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