Forex Flash: USD/CAD bullish - TDS

FXstreet.com (Barcelona) - With USD/CAD last at 1.0256, off recent weekly highs at 1.0256 and near weekly lows, “We spot stronger short-term support now at 1.0250,” Toronto based FX Research Team at TD Securities suggest, adding: “Hourly trend momentum is USD-bullish, aligning with the USD-positive signals on the other short-, medium– and long-term trend momentum oscillator signals. We remain bullish and think that modest USD dips are a buy,” they conclude.

According to the analysts, the move higher would have “scope for a push beyond the recent 1.0341 peak.”

Apr 23, 2013

Forex: USD/SGD closes sharply higher ahead of CPI data

The USD/SGD closed the New York session up 44 pips at 1.2406. Market participants will be focusing on economic data out of Singapore later on in the session which may have influence on future direction. “On the slate in Asia is Singapore’s Mar CPI (1pm local), seen easing to 3.6% y/y from 4.9% y/y in Feb”, noted Sean Callow, FX strategist at Westpac.

Forex: AUD/USD circa 6-week low, critical China HSBC PMI

The Australian Dollar exchange rate continues to offer a dire picture for the interest of dip buyers heading into the China 'flash' HSBC PMI, as the structure of lower lows and lower highs keeps on going.