Tag Archives: AUD/CAD
US Morning Update
Major overnight headlines: • Chinese May HSBC manufacturing PMI at 49.6 versus an expected 50.4, a 7-month low • Nikkei-225 falls more than 7.0% on the day overnight
USDCAD to rally ? Take profit on AUDCAD short for now
Whilst we have seen the USD rally against a range of currencies, USDCAD strength has been relatively muted. Although there are significant resistance hurdles to overcome,
US Morning Update
Major overnight headlines: – German ZEW Investor Confidence rises to 36.4 in May versus expectations of a rise to 40.0 – EMU industrial output falls 1.7% y/y in March versus a fall of 2.0% expected
US Morning Update
We find ourselves facing something of a dilemma as regards the AUD in that we’d like to see the currency even lower still,
Daily FX Update
G-20 SETS STAGE FOR USDJPY RALLY – USD mixed as most majors trade within narrow range. – CAD soft as investors focus on energy prices, domestic outlook.
Daily FX Update
EUR PROVES HIGHLY SENSITIVE TO ECB OUTLOOK – USD is broadly weaker, as risk appetite recovers slightly.
FX Trends daily (FOCUS : AUD/CAD)
The cross has sharply decreased after a failure to clear 1.0719 top forming a double top pattern. A break below 1.0524/32 (April 8 low pivot & retracement)
FX Technical Volume Strategy: AUD/CAD volumes jump at the top
– Overall volumes improved on the day with Scandinavian currencies topping the G10 ranking.
FX Trends daily (FOCUS: AUD/CAD)
The cross has consolidated in the recent sessions but the short term trend remains bullish above a support at 1,0480 (short term bullish channel) and
FX Trends daily (FOCUS : AUD/CAD)
AUD/CAD The outlook remains bullish after the break above the short term resistance at 1.0475 last week with a short term target at 1.0589-1.06 (August 2012 top).
Technical Analysis
EURUSD finally attracting sellers (above 1.30)? AUD under pressure with AUDUSD violating the Sept low, AUDJPY turning sharply lower from its minor correction, AUDCAD falling below its May low and more.
Technical Analysis
EURUSD could extend losses towards 1.2970, but this draws no headlines – which USDJPY does better, while breaking the recent 79.04 high (on BoJ “QE”). Next target at 79.66 now in sight…