Tag Archives: CAD
US Market Preview
USD: The Dollar was unable to sustain an early move up to 21/2-week highs and is finding moderate pressure coming into this US morning’s trading.
Canadian February Retail Sales Rise More than Expected
– Retail sales in February 2013 rose a stronger than expected 0.8% following a 0.9% gain in January. – The increase was helped by a price-related 1.9% jump in gasoline station receipts along with a 1.0% rise in sales at motor vehicle dealerships.
FX G10/EM Morning Trader Views
EUR – Washing around at the lower end of this recent range 1.30/1.3150 – European PMI’s likely to dominate this morning with many suggesting weaker numbers will lead to action from Draghi next week.
FX Daily Strategist: Europe
Limited EUR damage from ECB rate cut expectations EURUSD remains confined to a familiar 1.30-1.31 range. The solution to the Italian Presidential election impasse should facilitate the formation of a grand coalition government with a new round of negotiations to start shortly.
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.
Market Analysis: US
USD: The Dollar has rebounded from early pressure and is posting a modest gain to start out the new trading week, as a quiet weekend has done little to change the overall tone of the market.
FX Daily Strategist: Europe
Green light from the G20 should see USDJPY test 100 Comments from the G20 supported renewed USDJPY gains and an eventual break of the key 100 level is in the pipeline.
FX G10/EM Morning Trader Views
EUR – Choppy still in this 1.30/1.3150 zone currently, Friday a prime example of that as we jumped around on headlines between 1.3080-1.3130 only to end the day back at 1.3055,
CFTC: AUD longs cut as commodities suffer. EUR bought
Hedge funds trimmed their dollar position versus eight IMM currency futures by one billion during the week ending April 16.
The Week Ahead in FX
The EUR/JPY and USD/JPY rose on Friday after finance ministers from the Group of 20 nations indicated that they support Japan’s efforts to spur growth through aggressive monetary easing policies.
Canadian Consumer Price Inflation Rate Slipped in March, With Core Rate Steady
– Canada’s headline Consumer Price Index (CPI) rose 0.2% in March 2013, which was slightly slower than forecasts for a 0.3% rise.
Daily FX Update
USDJPY MAKES ANOTHER ATTEMPT AT 100 – USD is broadly weaker as market starts to price in small risk of further stimulus & the G20 does not object to Japanese policies.