Tag Archives: CAD/JPY
US Summer Seasonals Fall Away
US data surprises have largely followed the average pattern of the prior 10-years, and the recovery in recent weeks can then be seen
At a glance: The USD is far from being done
Last week saw the USD clearly on the back foot, but a closer look into the equivalent chart pictures unveiled that this latest setback is not harming the broader up-trend as such and
US Morning Update
Major overnight headlines: – German ZEW Investor Confidence rises to 36.4 in May versus expectations of a rise to 40.0 – EMU industrial output falls 1.7% y/y in March versus a fall of 2.0% expected
Global Technical Watch – EUR/JPY on the coattails of USD/JPY
Around the US Thanksgiving holiday, we expect a subdued trading session. However, several JPY-bearish signals are already cast in stone, and the risk is for further JPY weakness into year end.
FX Trends daily (FOCUS: CAD/JPY)
The rebound of the recent sessions has been confirmed yesterday by a break above a resistance zone between 81.34/44 (short term resistance line & September top).
Technical Analysis
$ surge, commodities, CAD, NZD & equities lower… EUR/USD Strong resistance rejection.. CAD/JPY Bearish key day reversal… EUR/SEK Entered support zone… USD/SEK Another failed neckline test…