Tag Archives: CAD
Is the spill over from quantitative easing receding?
• The key theme in financial markets over the past month has been the changed perception about how long the Fed will continue to loosen policy settings.
US Morning Update
Major overnight headlines: *French 1q ILO unemployment rate rises to 10.8% vs 10.5% *ECB says banks borrowed eu23.0 mln at marginal rate
Mid-Day FX Market Analysis
USD: The Dollar could not sustain an overnight rebound, and has now fallen to a fresh 4-week low coming into this morning’s session.
US Morning Update
Major overnight headlines: • IMF Lagarde: Global growth downside risks remain, EZ operating at zero speed, US on the mend.
Mid-Day FX Market Analysis
USD: The Dollar was able to shake off overnight pressure and return to unchanged levels this morning,
FX G10/EM Morning Trader Views
EUR – Still in this 1.3030-1.3110 range – yesterday good lev/spec selling into 90/00 met with similar buying at 1.3040-50 below from corp/rm.
Mid-Day FX Market Analysis
USD: The Dollar has been able to extend Monday’s bounce from 31/2-week lows with some moderate gains this morning,
Monetary policy key for FX. AUD and NOK to recover after recent weakness.
The SEB FX Scorecard is updated on a monthly basis. It includes both changes to individual currency scores and alterations to weights to reflect FX market themes and drivers.
FX G10/EM Morning Trader Views
EUR – Whippy mkt yesterday with Spec names early sellers despite stronger European PMI’s taking us down to that 1.2950 support
CAD and MXN closest to shore when the US tide comes in
When it comes to what capital flow drives the dollar and its crosses, US investors’ foreign/domestic portfolio allocation is the single most important variable.
US Morning Update
Major overnight headlines: •Norway’s may manufacturing PMI at 52.0 •ECB says banks deposited eu85.6 bln with it overnight
Mid-Day FX Market Analysis
USD: The Dollar is finding moderate pressure at the start of the new trading week, although it survived an early retest of last Thursday’s downside breakout lows.