USDCAD Aug 29 to Sep 02 Outlook

Lawrence's Comment Recap Consolidation around week open below Y-1. Jumpy was probably the best word for what happened last week. Closed the week below Y-1 and near week low. Outlook Consolidation with ...

Lawrence's Comment Recap Consolidation as expected with a very thin up channel in place all week. Spike breaks of the channel all failed throughout the week. Closed the week near Y+1 and ...

Lawrence's Comment Recap Down channel resistance early in the week pressed price down to Y-0 and opened the door to Y-1. Y-1 tested mid week and held. Closed the week below Y-0 ...

Lawrence's Comment Recap Cable popped higher first before pullback gave it a chance to stay above Y+1. That paved the way for cable to tag Y+2. Closed the week above midpoint and ...

For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule

US Federal Reserve Open Market Committee (FOMC) made the announcement last Thursday that it is going to buy $40 billion MBS (mortgage backed securities) every month with no expiration date ...