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USDCAD: Canadian Banks Are Reliable

22 May 09:15 AM

According to Bloomberg, 4 Canadian banks were put in the list of the world’s 10 most reliable banks: "Toronto-Dominion Bank", "Canadian Imperial Bank of Commerce" (CIBC), "National Bank of Canada" and "Royal Bank of Canada" It should be noted that there is no EU or US bank in the list.

The Singaporean bank "Oversea-Chinese Banking Corp" is number one in the rating.

Previously, there were precedents when Canadian financial institutions were recognized some of the world’s most reliable. For example, in mid April, Moody’s Investors Services rated Canadian banks as A2 or higher. For the sake of comparison, no European, Asian-Pacific or US financial institution can boast such a high rating.

Forex.

According to Masterforex-V Academy, the Canadian Dollar is forming an ABC pattern of wave level Daily4. It continues losing value against its US counterpart. The closest levels of resistance for USDCAD are 1,0250 and 1,0320.

The long-term downtrend may resume if the price breaks and consolidates below 0,9988 (as shown below):

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EURUSD: Intraday Outlook

Today, on May 20^th, Forex started a new trading week. There have been no radical changes in the market of EURUSD so far. The previous bearish move was elongated by some 200 points. The price keeps developing the ABC pattern of wave level Daily. The move hasn’t reached any of the given targets so far.

Publication date: 20 May 06:15 AM

It seems like more and more experts feel bearish on the near-term prospects of the common European currency. Some of them say that EURUSD may even drop down to 1,15 in late 2013. If this is the case, this will be the lowest level in 10 years.

Publication date: 17 May 10:35 AM

The current weakening of the Japanese Yen was fairly predictable for investors. However, after USDJPY exceeded the 100 limit, experts got divided over the prospects of the currency pair.

Publication date: 17 May 06:27 AM

Yesterday, on May 15^th 2013, Eurostat published a eurozone GDP report, which reflects the economic dynamics in al the 17 countries. The figures turned out to be much worse than expected. In Q1 2013, the aggregate GDP dropped by 0,2% as compared to the previous quarter. At the same time, tere was a 1% decline year-over-year.

Publication date: 16 May 05:06 AM

Stability is a cornerstone of success. While standards can change, such things as quality, reliability and safety will always be of great value.

There are hundreds of broking companies. However, few of them can actually boast premium-quality services and competitive trading conditions. Larson&Holz is one of such broking companies.

The company keeps evolving and improving the existing products and services while staying client-oriented and focused on innovation.

Not so long, the broking company offered even better trading conditions on NDD-based trading accounts. Let’s have closer look at the offer.

Publication date: 15 May 08:51 AM

These days, few people do not know about Forex. Most people know that this is a currency market that gives everyone an opportunity to make money by trading currency pairs. Unfortunately, there are many people that treat Forex as some kind of a scam or bingo play… or they are sure that it is impossible to trade Forex profitably. Indeed, most traders do lose in the long run, but this is how it works. This holds true for any market.

This is a rather controversial issue that needs comprehensive analysis.

Publication date: 14 May 12:08 PM

What is the key factor of successful trading? There is no universal answer to this question. Everyone can give his own reasoning. However, the most typical answers include:

Publication date: 14 May 09:49 AM

The Bank of England has left its policies unchanged. The MPC is probably not going to make any major changes until the new BOE Governor takes office.

Publication date: 13 May 07:11 PM

Japan’s external account showed bigger surplus in March. The actual figures reached ¥1251bn. This was a major increase against ¥637bn in February.

Publication date: 13 May 06:57 PM

As the Australian rate of unemployment kept growing steadily in April, this may indicate an investment decline in the mining sector. Multiple mining companies curtailed some projects and got focused on exports to Asian countries. This might well result in further interest rate cuts.

Publication date: 13 May 06:45 PM

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«Market Leader» - news and previews making you rich.

Foreign exchange market

USDCAD: Canadian Banks Are Reliable

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