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May 7, 2013

Forex Flash: AUD/CAD squeeze higher remains - TDS

FXstreet.com (Barcelona) - Moments ahead of key RBA interest rate statement today at 04:30 GMT, “We still think the market formed a major short-term low/reversal (strong, bullish “morning star” reversal) last week” on AUD/CAD, the Toronto based FX Research Team at TD Securities said, adding: “and while the 1.0307 low point remains intact, the risk of a squeeze higher remains,” the analyst conclude.
May 7, 2013

Forex: USD/SGD edges lower during quiet trading in Asia

The USD/SGD is trading flat during the Asia session at 1.2310. It will be a quiet session on the economic front with Foreign Reserves due out of SGD at 9:00GMT. The upcoming US session will also be quiet with the main IBD/TIPP Economic Optimism due out at 14:00GMT
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May 7, 2013

EUR/USD: A quiet week of economic data could keep pair range bound

The EUR/USD closed the day down 41 pips at 1.3072. The pair is still searching for direction and given the upcoming week is much more quiet as far as economic releases are concerned the trading range nature of the pair could continue. There were a couple of economic reports released during the previous European session worth mentioning including Retail Sales which came in at -2.4% actual vs. -1.9% estimate, and number of Market Services PMI figures.
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