The Japanese yen is softening to kick off the trading week after investors learned very little from a much-anticipated speech by the head of the Bank of Japan (BOJ). On Monday, central bank governor Haruhiko Kuroda disappointed investors when he said any monetary policy moves will depend on the performance of the national economy and global markets. Still, most economists believe the next move for the BOJ will be additional easing. Speaking at a Michel […]
Read moreThe Canadian dollar also referred to as the ‘loonie’ today rallied higher against the US dollar as oil prices soared during the Asian session. However, the loonie’s gains were short-lived as oil prices quickly fell during the European session reversing the USD/CAD currency pair’s losses and launching a sustained rally. The USD/CAD currency pair today rallied from a low of 1.3040 to a high of 1.3107 as oil prices fell and the greenback recovered and was near its […]
Read moreThe New Zealand dollar versus the Canadian dollar currency pair is in a very aggressive ascending phase, and orchestrated by other factors it might be able to pierce the 0.8900 psychological level and turn it into a support. Long-term perspective The price breached the 0.8692 weekly support twice. What is interesting to note, besides the fact that both piercings were false, is that the second one — at 0.8628 — was a lower low […]
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