Tag Archives: USD/CAD
UBS Morning Adviser
Dovishness Overpriced? This week seems to be getting off to a slow start and on the face of it for good reason: the Fed and BoJ are to
USD still in freefall
The US dollar continued its correction against most currencies last week, with the DXY dollar index testing 79.2.
Daily FX Update
WEDNESDAY’S FOMC IS FOCUS FOR FX * USD—DXY consolidates at lower end of 18-month range.
US Morning Update
Major Overnight Headlines • ECB’s Coeure says Euro Area can put banking system ‘on a sounder footing’, Thomson Reuters
FX G10 Morning Trader Views
EURUSD Topside: 1.3832, 1.3862, 1.3937 Downside: 1.3790/95, 1.3742, 1.3711
FX Daily Majors
Today’s highlights: * USDCAD stays bullish for move to trendline resistance at 1.0500/11 next. Above would target the 1.0569 peak.
Careful Chasing CAD
CAD weakened markedly following the Bank of Canada announcement lastweek, with the Bank dropped their long-held tightening bias.
Likely a new attempt to put some pressure on the €.
EUR/USD: Also a second attempt above the 1.3803 equality point wasrejected. Friday also ended with a doji candle showing thatwe reached balance between buyers and sellers.
UBS Morning Adviser
Sceptical Of AUDNZD Bounce We have been short AUDNZD in one form or another since Feb 1st, and remain so despite signs that further downside may take even longer to materialise.
FX Viewpoint: EUR on a short leash
I never think of the future – it comes soon enough. -Einstein Where is EURUSD headed? What is fair value? – questions piling in my mailbox.
USDCAD – hit 1.0420 as expected…now breaking higher
Held the Sep uptrend line as it simultaneously tested channel/bull flag support. The decline from July fits well as a corrective a-b-c decline. Now with a close through 1.0420 in place,