Tag Archives: USD/CAD
UBS Morning Adviser
Japan Dumps Foreign Bonds Japanese investors were big sellers of overseas fixed income assets last week.At US$23 bn,
Sell GBP and CAD. USD/NOK bull flag ready to go
EUR/USD: So far the market is following the textbook step by step.False range breaks (last week ended with an up thrust peakabove 1.3569) have a strong tendency of
FX Daily Majors
Today’s highlights: * USDJPY focus remains firmly on the 200-day average at 96.78 where we look for an attempt to rebound.
JPY, CAD, SEK & EM (ZAR & TRY weakness)
EUR/USD: There is a near-term tilt to the downside which would grow in strength on a move below 1.3538. But so far sellers lack the impetus to exit lower in line with the most recent benchmark candle.
UBS Morning Adviser
Fiscal Sensitivity Rising Tuesday’s weak auction of US 4w T-bills added to market concern over the fiscal impasse in Washington,
Canadian Housing Starts Rebounded in September
* Housing starts rose 5.3% to 193,600 annualized units in September 2013, thereby beating market expectations for a 185,000 reading in the month.
Canadian August Merchandise Trade Deteriorates
* The August 2013 merchandise trade deficit unexpectedly deteriorated to $1.3 billion from an upwardly revised deficit in July of $1.2 billion (originally $0.9 billion).
FX Daily Strategist: US
Risks for further JPY upside ahead of October 17 Both JPY and CHF are under some pressure this morning while the higher-beta currencies (AUD, SEK and NOK)
FX Daily Strategist: Europe
USDJPY vulnerable to debt ceiling worries Democrats and Republicans remain in deadlock and President Obama has indicated he would accept a short-term increase in the debt ceiling to avoid default.
The Global Macro Pulse
Overnight Price Action The 0.9% fall in the S&P overnight led most Asia equity markets to open weaker, but they rapidly reversed to trade up on the day.
Markets look contained in the wake of the U.S. budget stalemate
EUR/USD: Action was lukewarm, at best, yesterday. But with the market staying below Fri’s mid-body point of 1.3590there is a near-term downside tilt.
UBS Morning Adviser
Growth Risks Not Priced Yet The market’s ongoing serenity in the face of the US’ fiscal risks has confounded many.