Forex: USD/CAD hovers below 1.0100

FXstreet.com (Córdoba) - The Canadian dollar has continued to push higher versus its US counterpart after news that US retail sales unexpectedly rose in April.

USD/CAD fell to a daily low of 1.0081 and currently trades at the 1.0090 area, where it is 0.2% below its opening price, having retreated from a peak of 1.0124 scored in Asian trading.

On the downside, if USD/CAD falls below 1.0080, next support could be found at 1.0060 (200-day SMA), followed by 1.0013 (low May 9). On the other hand, immediate resistances are seen at 1.0005 (intraday support), 1.0130 (daily high) and 1.0150 (21-day SMA).

May 13, 2013

Forex Flash: Gilts rupture support and maintain bearish tone – RBS

Gilts took off the 20-day MA and 119.24/27 support, which turned into resistance, as a reaction from the 118.64 support yesterday failed to recover above the 119.24/27 region; confirming the view for a bearish turn in the market.

American equity markets open negatively despite upbeat retail sales

The US stock market opened in negative territory Monday, following a weekend filled with talks of stimulus stoppages in the US and the G7. Regarding data today, in the United States, Retail Sales (MoM) grew at a rate of +0.1% in April, against expectations of -0.3%, compared with -0.4%. In addition, Retail Sales ex Autos (MoM) were reported at -0.1% in April, matching projections calling for -0.1%.