Tag Archives: CAD
Leveraged Funds’ Bet Against USD At Highest Level Since Jan 2013
Leveraged funds have increased their net short positions against the USD to their highest level since January 2013.
The Week Ahead in FX
In the week ahead, investors will be focusing on Friday’s U.S. jobs report for April and the outcome of the Federal Reserve’s two-day policy meeting on Wednesday.
CAD Mid-day Analysis
Commentary from the BOC provided a minimal rally yesterday afternoon as the centralbank tried to convince the trade they were in neutral with respect to policy.
CAD Mid-day Analysis
The Canadian remains in a near term liquidation trend on the charts, especially after somedisappointment from Canadian retail sales results.
CAD Mid-day Analysis
The Canadian is primarily undermined by the Chinese data “miss” and that suggests thatfavorable Canadian news is secondary to the news flow from China.
CAD Mid-day Analysis
The charts in the Canadian look a little bearish as a series of lower highs and decliningvolume hints at a lack of bullish resolve. In the short term, we can’t rule out a slide to
CAD Mid-day Analysis
Apparently news of firmer than expected Canadian inflation news last week has beenforgotten this week as the Canadian is presenting a negative chart setup and is sitting just above a downsidebreakout point.
Westpac: What To Buy & What To Sell This Week?
Westpac G10 FX model portfolio opens a decent long USD exposure for the week ahead, triggered by a long USD signal from its US surprise index model.
The Week Ahead in FX
In the week ahead, market watchers will be focusing on U.S. data on housing and manufacturing activity, while manufacturing data from China will also be closely watched.
CAD Mid-day Analysis
Chart damage leaves the bear camp with the edge in the early Thursday US trade action.Apparently dovish talk from the BOC in the form of an extension of
Altering our FX forecasts to reflect longer-duration weakness in the USD
We have decided to fundamentally change our USD view. We now donot expect the USD to significantly strengthen until the real Fed Fundsrate turns positive in early 2016 (chart 1).
Nothing Untoward From The BoC
The Bank of Canada did what was expected of them – absolutely nothing. Today they held firm, and maintained their overnight rate at +1%, their corresponding bank rate at +1.25% and the deposit rate at +0.75%.