Forex trends recap, March 8th, 2010
| Currency | Forex technical analysis |
| EUR/USD | Euro’s short-term rebound may prove short-lived, sine the Central bank kept interest rates unchanged. Traders are still cautious about the ecomomin situation in Greece, which weakens Euro positions. However, with the U.S. non-farm payrolls coming better than expected, the upside of the greenback was not shaken, which adds to the cautious picture of the Euro in the short term![]() |
| USD/CAD | USD/CAD remains in the consolidation. As the volatility of Canadian dollar is relatively lower than for other major currencies, USD/CAD defensiveness could prove higher during volatile periods. This supports Canadian dollar along with its successive economic improvement over the past year.![]() |
This entry was posted on Monday, March 8th, 2010 at 11:30 am and is filed under Weekly market comments. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

