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Canadian dollar rallies as BOC ponders reducing stimulus

Canadian dollar staged a sharp rally yesterday after BOC deputy governor Carolyn Wilkins said that the bank will assess whether all the stimulus that they have in place is still needed. She was upbeat on economy while brushing aside housing worries.
USD/CAD traded down to 1.3325 by the end of the day and is following thorough today. April low (1.3225) is the initial support before stronger one at 2016 - 2017 channel bottom (1.3150 - 1.32). Broken 200 and 100 DMA should as resistance levels in ca…
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The ADP surprise

Hello traders,
As I have just wrote on another blog (I thought that it was here but there are 2 different places for writing blogs)
USD is showing signs of strength. The Forecast numbers are 183k with previous 200k. Everything better than 190k will boost the dollar. We have also speech of Mrs. Yellen so don't be too fast to act on ADP there will be plenty of events until the end of the day. Also don't forget that NFP is coming. It has bigger impact than ADP.
EUR/USD has a potential of falling
GB…
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S&P500- Correction to be expected!!!

  • Charts: 1 Day,1 Week
  • Elements used: Fibonaci Fan Lines, Moving Averages, CCI, Time Markers.
  • Current Level : 2009.18
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EU Zone GDP Contracting

Eurozone GDP is an important measure of the general healthy of EU economy and more importantly any deviation from current projection can trigger some more action from ECB.
Although the periphery country has showing some improvements recently we need to pay closer attention not to the peripheral countries like Spain, Portugal,Ireland or Greece. This countries are the one who have received bailouts assistance so it's not their health that truly matter right now but for the overall health of the EU…
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