Titan Black
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The FX Weekly Edge: Context Is King
The main takeaway by aggregating the performances of the G8 FX currencies is the ongoing amplitude of movement by the CAD. It's also worth highlighting that the US Dollar continues to trade very fragile on the verge of a what may constitute a very important technical break. Should this occur, the next phase of USD weakness, lasting weeks if not months, may be upon us. Not yet validation though. The Yen is another currency that looks poised to extend further down. Other markets are quite choppy with the GBP another standout performer even if it's now revisiting an area that has proven to act quite reliably for the ... (full story)
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