Tag Archives: EUR/CAD
US Morning Update
Broader market conditions were decisively ‘risk-off’ during the London morning, as a meaningful improvement in EM conditions has still failed to materialise.
US Morning Update
Our expected 1.1025-1.1075 range yesterday was breached on the topside for more than one reason, as is generally the case in FX. We suspect that some F&C-related flow was partially to blame: either ‘real’ or ‘speculative’.
US Morning Update
For the first time in at least a week, and possibly a bit longer, USDCAD participants are not really watching Canadian macro factors.
US Morning Update
The extent to which the CAD volatility curve has flattened already today is a signal of how ‘hairy’ price action in the currency could be later around the 0830 CPI data.
FX Weekly
Week ahead – the world waits for the BoC This is an enormously important period for Canada and the BoC, and things really heat up in the week ahead.
US Morning Update
We look for USDCAD to remain firm and comfortably above 1.090 into the start of Wednesday, with the BoC and key Canadian data releases beginning from mid-week.
US Morning Update
Once again, we’re pretty much looking for the recent ranges in USDCAD to hold, at least ahead of the key US data this afternoon: 1.090/20 on the downside and 1.0960 on the topside.
US Morning Update
The USD has rallied in a steady, orderly fashion since yesterday’s US retail sales print for December. The move so far has been rather broad based, with some G10 currencies (like the AUD) falling more than others.
US Morning Update
On the downside, we’re staring some pretty stretched short-term CAD valuations in the face. Yet the CAD still feels fairly well offered so far today. On a weekly basis, last week’s move up in USDCAD was basically 2 sigma.
US Morning Update
The lack of aggressive follow-through within the FX options market is noteworthy. This sluggish activity is despite the speed of the move lower in the CAD.
US Morning Update
USDCAD price action was very muted during the first-half of the London session. With little in the way of key Canadian data today, we expect this to remain the case for at least the 1H of the North American session.
EUR/USD eyeing 1.3645, AUD s/t reaction underway
EUR/USD: The development during the past 48h shows that there stillare unfilled bids and sideways range established duringDecember should probably be seen