Currency Trading Resources

The Canadian dollar continued to strengthen against the greenback and is the best performing currency on Monday, while the New Zealand dollar extended the decline from the previous week and slipped below the 200-Day SMA (0.6870) to reach a low of 0.6857.

Forex options markets volatility forecasts continue to trend higher, pointing to major moves in the US Dollar and other major currencies through the coming weeks’ trade. In fact, implied volatility levels on 3-month Euro/US Dollar options now trade near their highest levels since July, 2009 and underline market fears of continued volatility. Given such robust expectations, we would like to position ourselves for volatility-friendly Breakout strategies and price-following Momentum trading systems. Our fast-moving Breakout systems have seen impressive performance through the past week of trade, and similar price action in the week ahead would hopefully bring similar outperformance.

Daily Market Commentary EUR/USD Settles Following Last Week’s Tumultuous Activity The EUR/USD is settling and cooling as investors take a step back to revise their outlooks in the wake of last week’s aggressive selloff in the risk trade. Trichet attempted to alleviate investor uncertainty by reassuring markets that the ECB and EU will make sure Greece takes care of its deteriorating fiscal situation. Meanwhile, the data wire is relatively quiet until China releases its New Loans and Trade

Sterling Hits 8 1 / 2 - Month Low New York Times The single currency pulled back to 87.55 pence in late London trade. Sterling fell 0.2 percent to 139.50 yen, staying close to a 10-month low of 138.20 yen ...

The US dollar rally likely continues this week. The rally may even accelerate, especially against the Canadian dollar.