Tag Archives: USD/CAD
The Global Macro Pulse
The USD was largely steady against majors but strengthened further against EM Asia FX. EUR was essentially unchanged at 1.364. AUD attempted a small rally to 0.888 before retracing to 0.887.
UBS Morning Adviser
Fed Lessons for BoE Friday’s UK GDP release might not have the same impact as other activity data but at the very least,
Daily FX Update
The Fed driven North American equity rallied carriedthrough to Asia and Europe; but US equities are currently suggesting a flat open. Small changes in FX since yesterday’s NA close conceals thatseveral currencies are at extremes.
Daily Technical Report
EUR/USD has broken the support at 1.3709,validating a short-term double-top. A test of thekey support at 1.3621 is expected as long asprices remain below the resistance at 1.3723(17/12/2013 low).
FX Daily Majors
Today’s highlights: USDJPY above the 103.74 high maintains a bullish outlook for our 105.60/106.00 next target, and eventually 110.60/111.60.
UBS Morning Adviser
Shifting the Guidance Burden The Fed has spoken – taper and begin advancing the policy debate away from QE.
Daily FX Update
Today’s focus is the Fed and markets are likely totrade cautiously ahead of it. The Asian and European sessions weremixed with the European currencies of GBP, NOK and SEK outperforming;while the rest lost ground against the USD.
Daily Technical Report
EUR/USD remains well supported as can beseen by the potential short-term symmetricaltriangle, which usually acts as a continuationpattern. An horizontal resistance stands at 1.3811(11/12/2013 high).
UBS Morning Adviser
Corporate Japan Emboldened Two days ago we reported that portfolio investment abroad by Japanese investors is running well behind schedule this fiscal year.
USDCAD – 1.0573/0597 range break to signal next larger move
Last week’s update called for a move to and bounce off of the 1.0562 target and prices actually rallied from 1.0561! The bounce was short-lived and ushers 2 different scenarios that are equally probable in the near-term.
Daily FX Update
Markets, including FX, are relatively quiet leadinginto tomorrow’s Fed decision, where the focus will be on tapering, thetone and the economic forecasts.