Tag Archives: USD/CAD
Weekly CFTC Trader Positioning Data
USD SENTIMENT BUILDS AT THE EXPENSE OF EUR AND JPY Positive sentiment toward the USD has continued to build this week at the expense of EUR and JPY as most of the remaining pri-mary currencies were left unchanged.
Daily FX Update
CAD IS WEAK LEADING INTO CPI RELEASE * USD is mixed—there is essentially no data today.
Daily Technical Report
EUR/USD has broken its short-term risingtrendline, suggesting the end of the recentrebound. However, the hourly support at 1.3390(13/11/2013 low) has held thus far and
FX Daily Majors
Today’s highlights: * USDJPY spotlights turns to the key 101.54/61 barrier. Above here is needed to open up a test of the year’s high at 103.10/74.
The Global Macro Pulse
The dollar has extended its overnight rally against the AUD, which has fallen to 0.9194, but essentially flat against the EUR and JPY at 1.3466 and 101.15 respectively.
Commodity currencies continues to be sold off
EUR/USD: The 1.3488 bounce probably completed the mid bodycorrection in just one session (instead of the more normal 2-3 periods) hence downside pressure is now expected toreturn.
UBS Morning Adviser
The Bank of Japan is likely to ease policy further in April, but investors haveonly just begun to position for this outcome. So we raise our USDJPYforecasts to 103
Daily FX Update
USDJPY RALLIES ABOVE 100; MORE UPSIDE LIKELY * USD mixed; initially strong on Fed minutes but lost ground on Draghi.
FX Daily Majors
Today’s highlights: * USDJPY above 100.62 should reinforce a bullish “triangle” story for 101.54/61, then back to 103.10.
Daily Technical Report
EUR/USD has broken its short-term risingtrendline, suggesting the end of the recentrebound. A new phase of weakness is favoured.An hourly support lies at 1.3390 (13/11/2013 low).
UBS Morning Adviser
Yen Pointers From Nikkei The ‘big’ GPIF announcement has come and gone, and USDJPY watchers are still none the wiser as to when the big structural reforms can materialise.
Daily Technical Report
EUR/USD has breached the resistance at1.3548 (see also the broken rising channel), buthas thus far failed to hold above it, suggesting apotential false breakout.