Michael Kors Sac (Gast)
| | There are potential risks relating to investing and trading. You must be aware of such risks and familiarize yourself in regard to such risks and to seek independent advice relating thereto. You should not trade with money that you cannot afford to lose .The content of this website should not be construed as a solicitation to invest and/or trade. You should seek independent advice in this regard. Past performance is not indicative of future performance. No representation is being made that any results discussed within the service and its related media content will be achieved. All opinions, news, research, analyses, prices or other information is provided as general market commentary and not as investment advice. Trades in accordance with the recommendations in an analysis, especially leveraged investments such as Foreign Exchange trading and investment in derivatives can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated. Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available to educated and experienced investors who are willing to take above average risk. Past performance does not guarantee similar performance in the future.USDCAD: The pair is holding above its trendline it rejected on Monday. This suggests that corrective recovery risk is building up possibly towards the 0.0990 level. A violation will call for a run at the 1.0083 level. Above here will trigger its medium term uptrend followed by the 1.0125 level. On the downside, support comes in at the 0.9885/73 levels where a reversal of roles as support is likely to occur and turn the pair higher. However, if this fails, further declines should build up towards the 0.9692/31 levels. A breach of here will call for more declines towards the 0.9500 level. All in all, USDCAD remains biased to the upside in the short term above its trendline support.Investor sentiment indicators are bullish . On the global front we anticipate strong emerging market growth, with a soft landing expected in China, which should support growth sensitive currencies like the CAD. Periods of risk aversion will continue to drive short-term drops in CAD, and downside risks to the global financial system remain below the surface despite central bank action; however, the potential for significant downward movement is limited and the longer-term trend remains bullish CAD. The forecast the CAD to end Q1 2012 at 0.98. The Looney should end the first quarter trading in the same range holding close to the 99.00-98.00 range |