Tag Archives: EUR/CAD
CAD Technical Outlook
Daily signals are encouraging from the USD-bullish perspective because, firstly, the slow stochastic oscillator suggests the USD sell off is over-extended and poised to turn higher.
FX Daily Strategist: Europe
GBP: Wait for next week’s Inflation Report for key MPC news This Thursday’s BoE meeting is likely to be a balanced affair as BNP Paribas economics is expecting little change to the policy stance.
FX Daily Strategist: Europe
Steady RBNZ message boosts the NZD The RBNZ left rates unchanged and made few changes its rhetoric,
FX Daily Strategist: US
USD: patience required amid loss of rate support Despite some USD resilience overnight, the dollar’s on-going slide reflects a combination of stretched long positioning and
FX Daily Strategist: Europe
With weaker growth indications from China, stay selectively long commodity bloc China’s weaker than expected July purchasing managers’ index (which dropped further into contractionary territory at 47.7)
FX Techs
Going into the new week financial markets already seemed to have the summer blues as the trading ranges were very narrow yesterday and didn’t show any particular preference.
FX Trends daily (FOCUS: EUR/CAD)
The outlook is still bullish after the break above February top at 1.3710 toward a retracement at 1.3850.
US Morning Update
Major overnight headlines: • Latest Greek polls suggest 49% prefer coalition government whilst 47% want snap elections, Euro Intelligence
US Morning Update
Major overnight headlines: • IMF Lagarde: Global growth downside risks remain, EZ operating at zero speed, US on the mend.
US Morning Update
Major overnight headlines: • RBA says May rate cut was “appropriate” to encourage growth, AUD remains historically high, Thomson Reuters reports
Daily FX Update
EUR PROVES HIGHLY SENSITIVE TO ECB OUTLOOK – USD is broadly weaker, as risk appetite recovers slightly.
FX Daily Crosses
Today’s highlights: – EURNOK: Break above 7.5011 and 7.5212 clears the way towards the 7.5777 recent high.