Tifia_Investments_Limited

Tifia_Investments_Limited

Current trend The Canadian Dollar is declining amid a fall in oil prices. Most analysts suggest the price of oil has not reached its possible lowest level yet; thus, the fall might continue. Moreover, Stephen Poloz, Governor of the Bank of Canada, stated a possibility of an interest rate cut in case of a crisis. Support and resistance The pair is trading...

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Current trend The Canadian Dollar reached its 2004 lows amid falling oil prices. The central Bank of Canada is considering additional measures to prevent the economy from serious shocks. In his recent speech, the head of the Bank of Canada S. Poloz stated that the regulator might cut its interest rate to -0.5% in case of a crisis. It was the first time that the...

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Current trend Since the middle of October, the EUR/USD pair lost more than 900 points. Yesterday, after the ECB decision on interest rates the pair grew by more than 400 points but later started falling. Considering the general trend for the last one and a half month, it can be assumed that the pair will continue falling. Support and resistance Support...

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Current trend The Canadian Dollar has been declining since mid-October. A slight correction has started at the level of 1.3400 and, at present, the USD/CAD pair is trading at the level of 1.3325. Today, the Statistics Canada releases the Gross Domestic Product indicator, which is a measure of the total value of all goods and services produced by the country....

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Current trend For a week, the EUR/USD pair is trading within a 150 points range after reaching its 7-month lows. Yesterday data on German GDP showed that the figure did not exceed the previous one. The GDP is the leading indicator of the state of the economy. Furthermore, the Euro might continue its fall amid expectations of the QE program expansion in the...

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Current trend During November, the European currency has lost 400 points and is trading below the level of 1.0785. Recently, the eurozone released its GDP statistics. The indicator declined that will negatively affect the European currency. Today, attention needs to be paid to Retail Sales statistics, due in the US. The indicator is expected to grow significantly...

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Current trend Last week, the EUR/USD pair lost more than 150 points and, after a slight correction at the level of 1.0840, is trading at the level of 1.0870. Non-farm Payrolls statistics is due today in the US. Experts expect a strong growth in the number of new jobs, thus, the EUR/USD pair will be pressured further down. Support and resistance At present, the...

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Current trend Fed’ Chair Yellen testifies today in Congress reporting about the current state of the US economy and applied stimulation measures. Her speech might lead to increased volatility on the markets. Support and resistance Since the middle of October, the EUR/USD pair lost more than 500 points and after it corrected near the level of 1.0897, it is not...

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Current trend In the second half of October, the Canadian Dollar lost more than 400 points. However, since the beginning of this month the pair is in the downward trend representing strengthening in the CAD. At the same time, yesterday the price of oil fell that would support the pair. Furthermore, the RBC Manufacturing PMI is due today and experts predict...

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Current trend Last week, the European currency was strengthening against the US dollar and reached its two-month highs. Today, investors are waiting for the Fed interest rate decision. Experts suggest that, as economic risks are still high, while inflation and unemployment fail to reach the target levels, the Regulator will keep its interest rate unchanged. This...

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Current trend The European currency has been strengthening since mid October and reached its two-month high. Today, the US releases statistics for the number of New Home Sales, which is an important measure of housing market conditions. A growing number means the stimulation of related sectors of industry, services and the labor market that, therefore,...

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Current trend The Canadian Dollar was strengthening for one month until it reached its 3-month highs. However, since the middle of October the currency is falling. Today the Consumer Price Index is due in Canada. The index is forecasted to decline by 0.2% that would pressure the CAD. At the same time, the latest data on the Markit Manufacturing PMI came out...

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Current trend Further dynamics in the EUR/USD pair will be determined by the ECB interest rate decision and comments regarding prospects of the EU monetary policy. Analysts suggest that interest rate will remain unchanged, but the ECB may expand its quantitative easing programme. At the same time, investors avoid to open short positions as the ECB President has...

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Current trend Since the beginning of October, the CAD strengthened against the USD and the pair fell by nearly 600 points. The pair entered a correction as it reached 4-months lows. At present, the price is squeezed between support and resistance levels and trading in the range of 200 points. Today, publications on the Bank of Canada Interest Rate Decision and...