EUR/SEK gaining upside traction

EUR/SEK declines over recent weeks appear to have been temporarily stalled in the face of a bullish development.

The MACD line is tracing higher lows, when compared to recent sessions. Meanwhile, the meandering of the price structure is carving lower lows, which should give strong indication that we have seen the bottom on this pair for the time being.

Dec 7, 2015

USD/CAD reaches highest since 2004 as oil marks cycle lows

USD/CAD broke above the 1.3500 level and posted its highest level since June 2004 as the loonie has continued to weaken weighed by falling oil prices, as WTI hits its lowest price in 6 years below $38 a barrel.

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Dec 7, 2015

US dollar firmer although EUR/USD upside risk remains

After the post ECB meeting, when Draghi jawboned the euro lower to end the week and Draghi jawboned the euro lower to end the week and cool the single currency down a bit, EUR/USD is oscillating in a 20 pip range around mixed commentary from Fed's Bullard calling out the Fed's poor judgment in respect to inflation and saying that forecasts are unhinged while at the same time bullish on the US jobs market.

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