Friday, 24 February 2012

Forex: USD/CAD fluctuating daily gains

FITITOL–>

FXstreet.com (Barcelona) – After climbing around a 200-day MA, during 0.9984, a USD/CAD didn’t conflict to offered vigour and incited to red on a daily draft during a Asian session. Held during 0.9954 low, a span has been rising behind adult consistently, during a same time as wanton oil loses momentum.

Asian expansion (also with improving China’s production PMI) and augmenting tensions with Iran are spurring a arise of wanton oil prices, carrying traded above 106.00 today, during nine-month highs.

Reports contend that Iran didn’t accept IAE ask to revisit a suspected nuclear-related troops base. “Oil prices increasing to a nine-month high on Iran supply worries progressing in a session, though afterwards declined half a percent on concerns that high commodity prices will quell tellurian demand”, wrote Danske Bank comparison economist Frank Øland Hansen.

Mataf.net analysts indicate to resistances during 0.9985, 1.0040 and 1.0065. On a downside, supports competence act during 0.9945, 0.9910 and 0.9900.


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