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Canadian dollar inches up 0.05 of a cent to 97.48 cents US on Wednesday (Canadian Business)

TORONTO – The Canadian dollar closed 0.05 of a cent higher to 97.48 cents US on Wednesday.The U.S. dollar stood at C$1.0259, down 0.05 of a

March 10, 2010 | Posted in Dow, US Dollar | Read More »

Australian Dollar Continues to Firm 03-10

9170 and 9300 are potential resistance levels for the AUDUSD. A drop below 9050 is needed in order to suggest that the larger trend has turned back down.

March 10, 2010 | Posted in Currencies, Dow | Read More »

USD/CAD Channel Presents Scalping Opportunity

The Canadian dollar continues to find support on strong domestic fundamentals and an increase in broader optimism. The USD/CAD has closed lower for eight straight days and is looking to end that streak today.

March 10, 2010 | Posted in Currencies, Dow | Read More »

Canadian dollar opened at 97.46 cents US, up 0.03 of a cent (Canadian Business)

TORONTO – The Canadian dollar opened at 97.46 cents US, up 0.03 of a cent from Tuesday’s close.The U.S. dollar stood at C$1.0261, down 0.03

March 10, 2010 | Posted in Dow, US Dollar | Read More »

EUR/USD (Forex): Like Watching Grass Grow

For six weeks now, the euro-dollar exchange rate, known to forex traders as the EUR/USD, has gone nowhere. The dollar has gained big since late November, but while we’ve seen some big ups and downs lately, they made almost zero net progress: Today, the rate stands near $1.3650, where it was in early February

March 9, 2010 | Posted in Currencies, Dow, Euro | Read More »

Senate Said to Weigh $50 Billion Fund to Wind Down Failed Firms

Senate negotiators are closing in on a deal to create a $50 billion trust fund from fees on large U.S. financial firms that likely will include Goldman Sachs Group Inc

March 9, 2010 | Posted in Dow, Gold, Investing | Read More »

Canadian dollar inches up 0.12 of a cent to 97.43 cents US on Tuesday (Canadian Business)

TORONTO – The Canadian dollar closed 0.12 of a cent higher to 97.43 cents US on Tuesday.The U.S.

March 9, 2010 | Posted in Dow, US Dollar | Read More »

EU, Merkel Urge Swap Regulation as Greece Takes Plea to U.S.

The European Union’s top regulatory official said the bloc will consider banning “purely speculative” credit-default swaps as German Chancellor Angela Merkel called for a crackdown on derivatives trading to prevent a rerun of the Greek financial crisis.

March 9, 2010 | Posted in Dow, Euro, Investing | Read More »