Recent content by ForexChaser

Daily Currency Wrap: Majors Approaching Key Price Points The major pairs and the S&P 500 have diverged to some extent in Monday trade. The day started very strongly in the currency market and continued on a strong momentum during the European and the U.S. sessions, but the price action of the...

Expecting the Eur/Usd To Move Higher Expecting the Eur/Usd To Move Higher For almost a month, the Eur/Usd had been swinging up and down around the 1.2800 area without a clear direction or trend. The pair had already three attempts to break lower, but each time it lacked the momentum to push...

For three days now the Usd/Cad had been dipping in the 1.0340 area, but it lacked the strength to break any lower. However, we reckon that this will be different now due to the bullish momentum seen in the market after Wednesday’s interest rate increase. As such, we favor short Usd/Cad plays for...

Bank Of Canada Raises To 1% The Bank of Canada decided to increase the Overnight Rate by another 0.25%, up to 1%. This is the third consecutive interest rate hike that the BoC operates in a time span of a little more than 3 months. The Bank’s official statement has remained broadly unchanged...