Category Archives: Forex News

Chrysler in talks to unload brands

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Oil snaps 5-day losing streak

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The price of oil rose Tuesday, ending five days of declines, after Saudi Arabia signaled additional production cuts and Fed chairman Ben Bernanke said stimulus plans could aid an economic recovery.

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Oil rebounds to $38

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The price of oil rose Tuesday, ending six days of declines, as Saudi Arabia signaled additional production cuts and Fed chairman Ben Bernanke said stimulus plans could aid an economic recovery.

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USDCAD: The Dollar extends rally on better then expected trade deficit

FXstreet.com (Barcelona) – The Dollar continued rallying against its Canadian counterpart on better than expected U.S. data, the ActionForex Technical Team defends that fall from 1.3005 has completed: “USD/CAD’s rebound from 1.1761 extends further to as high as 1.2312 in early US session. The decisive break of inner trend line resistance argues that fall from 1.3005 has completed at 1.1761.”

From now on, the ActionForex technical Team affirms that there is more room on the upside for the Dollar: “At this point, intraday bias remains on the upside as long as 1.2139 minor support holds. Break will confirm this case and bring retest of 1.3005/15 resistance zone. On the downside, below 1.2139 will turn intraday outlook neutral first.”

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