Daily Forex Technical Report – Dollar Steady after Bernanke Signaled Rate Cut

Forex Daily Technical Report Dollar Steady after Bernanke Signaled Rate Cut Yen and Swissy weakens mildly today as risk aversions abates following dovish comments from Fed Chairman Bernanke. Dollar remains in tight range against Euro and Sterling. In a speech overnight, Bernanke said that outlook has been “importantly affected over the past month by renewed turbulence in financial markets” and policy makers should judge whether balance of risks has shifted. Bernanke also noted there are

Will Canadian GDP Take USDCAD Above Parity?

Trading the News: Canadian Annualized GDP (3Q) What’s Expected Time of release: 11/30/2007 13:30 GMT, 08:30 EST Primary Pair Impact : USDCAD Expected: 2.3% Previous: 3.4% How To Trade This Event Risk The global, economic docket for Friday’s New York session will be dotted by a number of indicators. However, the only truly market-moving report scheduled for the period will be the September and third quarter growth numbers for Canada. The world’s eighth largest economy accelerated in the first