EUR-CAD. The rally in the EUR-CAD, which lifted it from 1.2875 to 1.3479, hit an obstacle last week. It came as a combination of things, which included the 100 SMA, previous resistance level and overextended price. Bollinger bands, with the price clearly above, demonstrated that particular aspect. A bearish candlestick pattern, the dark cloud cover, [...]

The US Treasury Department released data about holder of US debt. According to latest statistics, foreigners held a total of $5 trillion at the end of 2011, an increase from $4.44 trillion in December 2010. China remains the largest lender to the US government, although the country does not hold as many securities as it [...]

Currencies had busy Friday and it is possible that increased activity could carry over to opening hours. The G-20 meeting is underway, creating quite impressive headlines. Of course, we should remember that there is a long way from bombastic statements of politicians to actual implementation of promised steps. It seems that as time goes on, [...]