Canadian stocks are testing a potentially significant breakdown. Believe it or not, the dog days of a Wall Street summer are just around the corner.…
Tagged $FXC
Loonie Rally About To Hit The Brakes?
The brisk 3-month rally in the Canadian Dollar has brought the currency back to the 2015 breakdown level of decade-long support. We don’t typically cover…
U.S. Dollar Rally Experiencing Its First Adversity Despite all the milestones and records taking place this week in the equity market, at home and abroad,…
Commodity Currencies Breaking Down
One of the casualties of the ongoing rout in commodities has been currencies in countries whose economic output is substantially tied to commodities. Specifically, Australia and…
UPDATE: Australian Dollar ($FXA) >93, Up 3% Since 2/19 ChOTD “Bottom” Post
On February 19, our Chart of the Day was the potential bottom in the CurrencyShares Australian Dollar ($FXA). Since then, FXA is up 3% and hit…
ChOTD-4/4/14 Canadian Dollar ($FXC) Putting In A Bottom?
Following the Australian Dollar’s example (up 2% since our 2/19 post), the CurrencyShares Canadian Dollar ($FXC) may be in a bottoming process. After a false breakdown…