Tag Archives: USD/CAD
USD/SCANDIES we like….a lot. USD/CAD to follow.
EUR/USD: So with the drop below 1.3449 the recent peak at 1.3548was confirmed being the end of the minor upside correctionand accordingly the market continued lower after passingthe support.
Daily FX Update
ECB CUTS TO 0.25%, DRIVING INSTANT 1% EUR DECLINE * USD strong following cut, ahead of ECB press conf & nonfarm Friday.
USDCAD – completing sideways correction above 1.0398
The 1.0420/0400 zone still represents strong support for $cad and we expect prices to rally higher to continuethe uptrend that began from 1.0182.
FX Daily Majors
Today’s highlights: * GBPUSD has found selling at 1.6115/25 – the “neckline” to the recent top and 61.8% retracement barrier.
Still a € & $ waiting game. €/SEK & €/NOK upside risk
EUR/USD: Also yesterday the market continued to consolidate,digesting the impulsive decline last week. With a minimumcorrection target, 1.3535,
UBS Morning Adviser
AUDCAD: A Short In the Making Attention is focused on today’s ECB policy decision and Friday’s US nonfarm payrolls report, but relative value FX opportunities elsewhere are still worth monitoring.
Daily FX Update
USDCAD UPSIDE RISK; EURUSD DOWNSIDE RISK * USD is weak as market focuses on potential for Fed to lower unemployment threshold but with some caution ahead of ECB & nonfarm.
US Morning Update
Major Overnight Headlines Euro Area services PMIs mixed, but generally close to being in-line/slightly better
FX Daily Majors
Today’s highlights: * NZDUSD has recovered strongly following its defence of key support at .8194/64, but we look for strength to be capped at .8435/47.
The Global Macro Pulse
Overnight Price Action The S&P 500 fell 0.3% overnight, but futures have rallied 0.5% in Asia.
UBS Morning Adviser
Data Turn Afoot? The upward move in Treasury yields on Tuesday seemingly without any strong fundamental drivers has left markets perplexed.
Daily FX Update
EUR LONGS AT RISK OF FURTHER DOWNSIDE * USD is mixed. Today: hawkish Fed Lacker & ISM non‐manu.