Tag Archives: CAD
The Global Macro Pulse
The USD was relatively steady against majors ahead of US payrolls. EURUSD was unchanged at 1.359, holding onto gains post yesterday’s less dovish than expected ECB.
CAD Mid-day Analysis
Apparently a decline in December Canadian building permits yesterday wasn’t thatconcerning to the Canadian, as prices have generally respected a quasi double bottom support level of 89.81.
CAD Mid-day Analysis
The Canadian seems to be defying economic gravity as an extension of gains on thecharts appears to be coming despite a lack of economic sentiment toward Canada.
CAD Mid-day Analysis
The Canadian Dollar has surprisingly managed to bounce in the face of a noteddeterioration in global economic conditions. Perhaps the Canadian was oversold technically,
CAD Mid-day Analysis
The Canadian has started the new trading week with positive follow through from lastFriday key reversal. Perhaps the Canadian macro economic outlook was overly bearish into the low Friday and
The Week Ahead in FX
In the week ahead, investors will be keenly anticipating Friday’s U.S. nonfarm payrolls report for January after December’s report showed that the economy added far fewer jobs than expected.
Weekly CFTC Trader Positioning Data
• Risk aversion on the back of EM jitters drove a significant shift in currency positions this week. Investors shifts included short covering in JPY with increased long allocation to gold, EUR and GBP;
CAD Mid-day Analysis
Strong Dollar, weak stocks, generally weak economies and a sustained holiday in China,would seem to leave the bear camp in the Canadian in control.
CAD Mid-day Analysis
The Canadian remains under liquidation pressure in the face of alternating leadership bythe US Dollar and the British Pound. Residual strength in the Dollar might be accentuated later today in the faceof an as expected US GDP reading,
CAD Mid-day Analysis
The Canadian saw a fresh lower low overnight and that suggests the path of leastresistance remains down technically. Fundamentally it is difficult to discount the potential impact on the Canadian economy from
CAD Mid-day Analysis
After a recent short covering rally, the Canadian looks poised to resume its downwardmarch on the charts. While the market might be proven wrong it would appear that traders are anticipating additional Fed action ahead and
CAD Mid-day Analysis
A temporary reprieve in the Canadian as the Dollar’s dominance over many currencieshas waned. It is also possible that the Canadian was overdone technically and