Tag Archives: USD/CAD
Canadian Manufacturing Sales Rebound in July
* Manufacturing sales rebounded 1.7% in July, well above market expectations for a 0.5% gain, following a revised 0.1% decline (was -0.5%) in June.
US Morning Update
Major Overnight Headlines • UK headline YoY CPI at 2.7% in August (in-line) as transport and clothing costs weigh; core unchanged at 2.0%
USD/CAD Technical Analysis
(1,0330) The USD/CAD confirmed a negative closing last suggesting further downside pressure toward our target at 1,0225!
UBS Morning Adviser
Seeking Fed Fades The past 48 hours of news-flow from the US have suddenly cast Fed expectations in a new light.
Daily FX Update
USD WEAKENS AS SUMMERS WITHDRAWS CANDIDACY * USD is weak reacting to Summer’s decision to withdraw his candidacy.
US Morning Update
Major Overnight Headlines • Asian/morning London sessions see flight into risk, developing market FX as Summers withdraws
USD/CAD Technical Analysis
(1,0297) The USD/CAD confirmed a small rebound finding however good resistance below 1,0360 form where it already plunged below the previous low
UBS Morning Adviser
Summers Sinks Dollar The dollar came under broad-based selling pressure overnight after Larry Summers pulled out of the race to succeed Fed Chair Bernanke.
Daily FX Update
MARKET HAS TUNNEL VISION ON FED * USD is broadly but immaterially higher as the Nikkei reports that Larry Summers is likely candidate to be put forward by President Obama.
Daily FX Volume and Technical Strategy: An early warning for returning USD strength
Despite a ranging environment this quarter, the aggressive bullish move for the USD against the AUD earlier this year remains an important market focus.
USD/CAD Technical Analysis
(1,0345) The USD/CAD confirmed a test of the 1,03 area that however limited the decline favouring already a small rebound.