| Commentary

Become a contributor

Bookmark Econotimes

| Commentary

Swedish economic sentiment indicator rises in November

U.S. Q3 economic growth unrevised in second estimate

Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

U.S. Consumer Confidence falls in September

U.S. durable goods orders sustain robust growth

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

Germany's unemployment exceeds expectations in September

U.S. House prices increase slightly in July

Best Gold Stocks to Buy Now: AABB, GOLD, GDX

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

U.S. existing home sales decline in August

Swiss franc likely to gradually depreciate against euro in coming months

Canadian inflation continues to ease, moving closer to the Bank of Canada's target

U.S. vehicle sales fall again in November

FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)

©Econometrics LLC . All Rights Reserved.

USD/CAD on track for new highs

Wednesday, May 27, 2015 6:39 PM UTC

BofA Merrill Lynch:

We reiterate our bullish US $ view. Looking at both the US $ Index and USD/CAD, both have made impulsive breaks of key medium-term resistance levels (96.46/95.81 in DXY and 12406/1.2353 in $/CAD, respectively), meaning that the long term uptrend is resuming.

We reiterate our upside targets for the DXY at 106.00 and 1.3465 for USD/CAD. Pullbacks should be seen as buying opportunities and limited to 95.90/94.82 and 1.2272/1.2164, respectively.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

NSW Parliament Recalled After Bondi Beach Shooting to Debate Stricter Gun Laws and Protest Limits

Australia Mourns Bondi Beach Hanukkah Attack Victims as Government Orders Security Review

Silver Prices Hit Record High as Geopolitical Tensions Fuel Safe-Haven Demand

U.S., Europe, Ukraine Hold Productive Florida Talks on Ending Russia-Ukraine War

China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries

Seatrium Reaches $475 Million Settlement With Maersk Over Offshore Wind Vessel Project

Putin Aide Says European, Ukrainian Changes Fail to Improve Ukraine Peace Prospects

Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization

Yen Slides as BOJ Caution Undercuts Rate Hike Impact

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

USD/CAD on track for new highs

Editor's Picks

Welcome to EconoTimes