Dollar Versus Loonie and Euro June 8th

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell for much of the session on Thursday as the oil markets tried to rally. However, the lack of easing talk by Ben Bernanke in front of Congress had commodities selling off. This of course worked against oil, and by extension the Canadian dollar. The hammer for the session looks very interesting.

The EUR/USD pair formed a shooting star as it looks like the stimulus talk was pushed back against by the Fed Chairman on Thursday. The Euro continues to have serious problems ahead of it and as a result we like selling the Euro on the whole.

Published on 7th of June 2012
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