Tag Archives: USD/CAD
UBS Morning Adviser
Tighten Now to Ease Later? Even with the December FOMC barely a week away and residual support out there for easing,
Very positive $ signs. Scandies to suffer more.
EUR/USD: Even if it still has to be seen whether the price ends backwithin the 55w Bollinger (see yday TA) or not other signs ofweakness are resurfacing today.
Daily Technical Report
EUR/USD is moving higher towards the keyresistance at 1.3832. Hourly supports are at1.3740 and 1.3694 (09/12/2013 low). A keysupport stands at 1.3621 (see also the risingtrendline).
What vol implied ranges tell us about 2014
On EUR/USD, spot has traded a 1.29 handle in each of the last 10years. 2014 is not the moment to break the pattern, given the skew ofbig picture macro risks, from slowly pricing US rate hikes in the shortendof the USD yield curve,
The Global Macro Pulse
AUDUSD fell to 0.9025 despite a larger-than-expected rise in employment in November. AUDNZD dipped to a post 2008 low of 1.0906, after the more hawkish RBNZ monetary policy statement.
More bearish £ signs. USD/Latam taking off.
EUR/USD: We’re now back in the rather rare situation that the marketis trading outside the 55week Bollinger band (and alsoyesterday, however for a short while, on a daily basis)something that historically has a strong tendency to
UBS Morning Adviser
RBNZ Ready To Go It Alone The New Zealand dollar rallied sharply overnight after the RBNZ showed every intention of delivering rate hikes next year,
USDCAD – channel, pivot and Fibonacci support at 1.0562
$CAD did not offer the “…Friday close above 1.0670…” that is necessary to break multi-year resistance. Instead prices have retraced to recent pivots at 1.0609 and are approaching critical support at 1.0562.
Daily Technical Report
EUR/USD is moving higher towards the keyresistance at 1.3832. Hourly supports are at1.3694 (09/12/2013 low) and 1.3621 (06/12/2013low).
FX Daily Majors
Today’s highlights: * USDCHF below important support at .8962 should see weakness extend to .8568/18.
EUR/USD is possibly peaking. EUR/SEK under 8.98 would trigger a correction lower.
EUR/USD: Sellers responded to the move above an alternative 127.2%Fibo and negotiated the close just below it. A move under anear-term 1.3745 pivot would show near-term initiative andtarget 1.3695.
UBS Morning Adviser
US Fiscal Deal Reached Congressional negotiators reached agreement overnight on a new package of fiscal measures designed to reduce the severity of forthcoming automatic spending cuts.