Tag Archives: CAD
Mid-Day FX Market Analysis
USD: The Dollar is finding modest pressure this morning, and is holding onto a sizable portion of yesterday’s late rally after a choppy overnight session.
FX G10/EM Morning Trader Views
EUR – Never wanted to rally yesterday in the face of strong corp demand in the morning and once we took out gd bids around 1.3050 we never looked back
Mid-Day FX Market Analysis
USD: The Dollar has seen some moderate follow-through to yesterday’s recovery rally, with upside momentum strong enough for prices to drive up into new high ground early this morning.
FX G10/EM Morning Trader Views
EUR – Rallies remain limited for eur as we open today just above the recent lows at 1.3057 (asia low).
Mid-Day FX Market Analysis
USD: The Dollar lost upside momentum and is posting moderate losses early this morning and while staying well below yesterday’s spike highs,
FX G10/EM Morning Trader Views
EUR – extended through that cluster of moving avg at 1.3070/90 (50/100/200) yest but couldn’t sustain the break lower as we walked into a bout of profit taking across the board
Mid-Day FX Market Analysis
USD: The Dollar has been unable to sustain strong upside momentum during the past few hours,
FX G10/EM Morning Trader Views
EUR – After last weeks sell off post fed we walk in on the lows with key support here at 1.3080 in short term
CFTC: Dollar long halved just before FOMC triggered new buying
Hedge funds almost halved their bullish bets on a rising dollar as of Tuesday June 18 indicating that many bet on the wrong horse just the day before the
FX Comment: TIPSy
All the good things come to an end. Fed’s Bernanke left us with the impression that “this time is different”.
The Week Ahead in FX
In the week ahead, markets will be closely watching US data on durable goods orders, jobless claims and consumer confidence for signs that the economic recovery is on track.
Weekly Economic & Financial Commentary
• The FOMC kept its current pace of asset purchases the same but signaled that it may begin tapering the pace of asset purchases later this year.