You must understand that most of the market is set up to take your money. This is what makes the idea of a EUR/USD pair so appealing, as the spread is only 2 pips or less in most platforms. While this seems like a great way to make money, the broker understands that in order to make a decent profit on …
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Losses accelerated in Asian trading Thursday after Hong Kong Monetary Authority Chief Executive Norman Chan said there were no plans to sell additional debt, a move that would tighten liquidity and prop up the exchange rate. The currency traded above HK$7.84 per U.S. dollar, and the HKMA is …
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At 9:18 a.m. EST (1418 GMT), the Canadian dollar was little changed at C$1.2908 to the greenback, or 77.47 U.S. cents. The currency traded in a range of C$1.2868 to C$1.2952. On Wednesday, the loonie matched Monday's low at C$1.3002, its weakest since July 5. The price of oil, one of Canada's …
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Looking at the hourly chart, the move higher took the price above the swing high from March 6th and March 2nd at 0.8943 and 0.8951 respectively, but failed (those levels are now resistance targets). Before the last few hours, the price had traded above and below the 100 hour MA (blue line in the chart …
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