Tag Archives: USD/CAD
The Global Macro Pulse
Overnight Price Action S&P futures are up marginally after a 0.2% fall in the S&P 500 overnight while the rise in the 10yr Treasury yield that began in New York extended slightly in Asia to 2.7149%.
Weaker CAD, AUD & SEK looks increasingly likely.
EUR/USD: The move higher hasn’t changed in shape, nor has itchanged direction. It looks correctional and as such it is stillthought to end somewhere near 1.3550.
UBS Morning Adviser
Fed Chair Bernanke overnight mostly reiterated the message from the Sept 18post-FOMC press conference, and the dollar sold off briefly before recovering.
Daily FX Update
PBoC SUGGEST INCREASED FLEXIBILITY IN CNY * USD is mixed; market focuses on tapering timing being pulled forward, China’s reforms and a more bearish OECD global growth outlook.
US Morning Update
Major Overnight Headlines * PBoC to set up ‘managed floating’ CNY rate, cut ratio of T-bonds held to maturity, increase capital account flexibility
Daily Technical Report
EUR/USD continues to grind higher afterhaving successfully tested its recent low at1.3296 (see also the 50% retracement). Monitorthe test of the resistance at 1.3548 (see also thebroken rising channel).
FX Daily Majors
Today’s highlights: * EURUSD correction extends, but we still look for an attempt to try and turn lower again from 1.3548/68.
UBS Morning Adviser
Equities Now Supporting CAD The Canadian dollar has been a key beneficiary of foreign inflows over recent years,
Daily FX Update
STRONG RISK APPETITE WEIGHS ON USD * USD is weak as the Fed outlook & Chinese reforms stoke risk appetite.
US Morning Update
Major Overnight Headlines * Euro Area Sept. current account surplus narrows as goods & services imports outpace exports, income falls
Daily Technical Report
EUR/USD continues to grind higher afterhaving successfully tested its recent low at1.3296 (see also the 50% retracement). Aresistance stands at 1.3548 (see also the brokenrising channel).
FX Daily Majors
Today’s highlights: * USDJPY stays bullish for 100.62 next, above which should see a test of more important resistance at 101.54/61.