Tag Archives: USD/CAD

Daily FX Update

Markets are holding on to yesterday’s risk appetite that saw the S&P flirt with fresh highs,

Today’s highlights: EURUSD trend stays bearish to test the 2012 low at 1.2042.

EUR/USD has declined further below support at 1.2247 to 1.2217(yearly new low).

Still working towards our target zone in the low 1.17’s.

Markets are relatively quiet and favouring risk taking leading into the holiday week.

EUR/USD has declined further to its support at 1.2247.

No holidays for central banks The sharp decline in oil prices is putting a lot of pressure on central banks.

Markets are mixed into the NA open, equities are flat, U.S. yields are falling,

Today’s highlights: EURGBP appears to be forming a bearish “symmetrical triangle” continuation pattern.

EUR/USD has declined further and is now near its support at 1.2247.

EURUSD: The move below 1.2321/16 has put further pressure on the pair

EUR/USD has declined sharply near the resistance area between 1.2577 (04/11/2014 high) and 1.2600,