Tag Archives: USD/CAD

Daily Technical Report

EUR/USD is moving higher towards the keyresistance area between 1.3811 (11/12/2013high) and 1.3832. Hourly supports now stand at1.3724 (25/12/2013 high) and 1.3650 (25/12/2013low).

Daily FX Update

European currencies are outperforming as we ap-proach the NA session, led by EUR and SEK with gains of 1.1%. The rally in EUR accelerated as EUR broke through the late October high at 1.3832.

Leading into a shortened equity trading session,most markets are favouring a slight risk on bias as the Nikkei jumps to afresh high. FX is quiet, with daily returns relatively small and favouring astronger USD.

Daily Technical Report

EUR/USD has bounced near the key support at1.3621 (see also the rising trendline). A shorttermbearish bias is favoured as long as pricesremain below the hourly resistance areabetween 1.3709 (13/12/2013 low) and 1.3723(17/12/2013 low).

USDCAD – bullish scenario still suggests near-term weakness to 1.0560

Today we are going to offer multiple scenarios for USDCAD and cover 3 different possibilities. The first wave count posits that waves-(1) to (3) from the September low are complete and

Daily FX Update

FX markets are relatively quiet, with a slight biasfor short USD positions leading into a holiday filled week.

Daily Technical Report

EUR/USD has bounced near the key support at1.3621 (see also the rising trendline). Hourlyresistances can be found at 1.3709 (13/12/2013low) and 1.3723 (17/12/2013 low). Anothersupport stands at 1.3524.

S&P500 extending gains towards 1,835. USD/TRY tests >2.10

EUR/USD: A net move lower was recorded last week and this points lower,but the market became balanced ahead of the weekend andthe 1.3622-1.37 stalemate has to end for a fresh directional cue.

Weekly Economic & Financial Commentary

U.S. Review A Little Less Punch in an Awfully Big Bowl * Citing progress in the labor market and more balanced risks to the outlook, the FOMC has decided to begin scaling back the pace of its asset purchases in January.

Daily FX Update

Most markets have only made modest gains/losses in the Asian and European sessions but this conceals more significant developments. On a closing level gold has reached a new 3‐year low;

Daily Technical Report

EUR/USD is challenging the key support at1.3621 (see also the rising trendline), which wasthe minimum short-term downside risk impliedby the recent double-top. Another supportstands at 1.3524.

FX Daily Majors

Today’s highlights: AUDUSD stays bearish for bear channel support at .8743/385 and then 38.2% retracement support at .8675.