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2013-02-08
Daily Currency Strength and Weakness Analysis

EUR is the strongest currency, suddenly losing a lot of strength.
CHF is the 2^nd strongest currency, showing some weakness.
NZD is the 3^rd strongest currency, falling its teeth out.
USD is the 4^th strongest currency, slightly weaker.

JPY is the weakest currency, with sudden strength since yesterday.
GBP is the 2^nd weakest currency, showing great strength since yesterday.
AUD is the 3^th weakest currency, continuing its downward trend.
CAD is the 4^th weakest currency, on the brink of becoming one of the strong ones.

Ideal currency pairs seem to be:

AUDCAD

Traders note: The speech Mr. Draghi from the Euro zone delivered yesterday surely threw the markets in turmoil… But as always we will have to wait and see what happens. Be careful when trading the CAD as its strength is only for the last week.

Happy trading!!

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