{"id":9802,"date":"2010-05-28T08:36:03","date_gmt":"2010-05-28T12:36:03","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9802"},"modified":"2010-05-28T08:36:03","modified_gmt":"2010-05-28T12:36:03","slug":"eur-and-cad-rally-continues","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/28\/eur-and-cad-rally-continues\/","title":{"rendered":"EUR and CAD Rally Continues"},"content":{"rendered":"<p><strong>By <\/strong><strong><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                              Yard<\/a><\/strong> &#8211; <\/strong>The EUR\/USD has maintained its strength during the European trading  session as the pair has broken above the 1.2400 resistance level that  held the currency pair in check. Also rising this afternoon has been the  Canadian dollar. Commodities are also trading higher.<\/p>\n<p>Strengthening of EUR\/USD comes after comments from China&#8217;s State  Administration of Foreign Exchange (SAFE). The agency denied reports  that it is reducing its holdings of European debt. The pair is currently  trading at 1.2405 from an opening day price of 1.2297.<\/p>\n<p>The USD\/CAD has also moved significantly lower over the last three  days. The strengthening of the Canadian dollar follows estimates that  the Bank of Canada will be the first G7 nation to raise interest rates.  The bank will meet to decide future monetary policy for Canada on June  1st.<\/p>\n<p>Commodities have also gotten a boost. A weaker dollar has helped spot  crude oil to climb to $75.30, after opening the day at $74.64. Spot  crude oil trading has risen 9% over the past 3 days.<\/p>\n<p><strong><em>Forex Market         Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                             Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                             may not be suitable for all           investors.       There    is  a              possibility        that             you   could       sustain a  loss   of  all   of      your                 investment and            therefore  you          should   not       invest        money  that   you            cannot   afford to            lose. You         should    be      aware of       all       the     risks         associated     with     Foreign         Exchange         trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Forex Yard &#8211; The EUR\/USD has maintained its strength during the European trading session as the pair has broken above the 1.2400 resistance level that held the currency pair in check&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9802","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=9802"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9802\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}