USD/CAD

Good Afternoon,

For additional reads on the Bernanke statements, please refer to fundamental analysis stories such as this Bloomberg article.

Yesterday's post contained a very important statement. It was the last sentence, which read: "continue to do your fundamental analysis every day". That is very important, especially when Central Bankers are speaking. Today, Bernanke gave us the fireworks.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Morning,

On the heels of last night's post, the USD is holding in against the CAD. But as we know, equity prices are trying to grind to higher levels which could drag the USD lower as oil prices continue their rise.

Keep an eye on these technical levels as the trading day goes on. But for now, I would like to preview this week's fundamentals:

**CHPM - a look at the manufacturing sector (which showed weakness in the form of Philly and NY). Look at the employment and new orders components as well

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Evening,

Fundamentally, we have a busy week. I will get more into that tomorrow as most of the data comes later in the week. So with that, let's get right to the charts.

The USD has weakened against most currencies including the CAD as of late as oil prices have risen with the SPX equity move from 1537 to 1593.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

Fundamentals first. And now to technicals. Why did I skip fundamentals, because finally, we have a technical level to talk about. 1600 in the SPX. I think that 3 points is close enough as we got to 1957 and change. Looks like some traders went short at this technical level.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

Fundamentals first. And now to technicals. Why did I skip fundamentals, because finally, we have a technical level to talk about. 1600 in the SPX. I think that 3 points is close enough as we got to 1957 and change. Looks like some traders went short at this technical level.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Market Review on Thursday: Yesterday U.S. stocks continued upward, and the Dow reached a new high, Nasdaq and S&P rose 0.30% and 0.18% respectively. In commodities, gold and silver remains volatile. Prices dropped when the market closed, crude oil rebounded upward. In currencies, risk currencies by the parties boost the overall strength of the euro after the Draghi speech, while a commodity currency rally is relatively weak; the yen continued to go down, the dollar hit a new high against the yen.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com