Tag Archives: USD/CAD
AUDUSD has already resumed its downtrend, we look for USDCAD to ideally follow soon
The USDCAD decline has extended to test and hold a plethora of retracement supports in the 1.0243/39 zone, and we look for evidence of a better base.
UBS Morning Adviser
Rate Taming Still Needed Messrs Carney and Draghi’s hopes for a simple final meeting before the summer break may have been dashed by the FOMC’s latest assessments.
Daily FX Update
NONFARM TO PROVE HIGHLIGHT; EVENT RISK IS LARGE • USD is quiet leading into today’s FOMC & GDP.
FX Daily Strategist: Europe
Canada May GDP data should support the CAD Today’s monthly gauge of Canada’s GDP should reinforce our constructive view on CAD: GDP is likely to have expanded for a fourth consecutive month in May with our economists expecting a 0.3% m/m rise.
USD/CAD Technical Analysis
(1,0305) The USD/CAD confirmed a further session of consolidation interior the inside day with 1,0330 – 1,0245 still the levels to follow in the coming hours.
GBP & SEK both look weak & possibly CAD too
EUR/USD: Yesterday’s attempt above a recent 1.3296 high failed. The session close back down at opening levels has left a potentially bearish candle to consider.
UBS Morning Adviser
HIA Hope (Yet Again) Tuesday’s late dollar rally during the London session served as a reminder of the power of the HIA II (Homeland Investment Act) story.
US Morning Update
Major overnight headlines: • RBA’s Stevens says “would not be surprised” to see AUD lower as PBoC adds liquidity via money markets
Daily FX Update
RISING RISK OF RBA RATE CUT WEIGHS ON AUD • USD is quiet leading into this week’s event risk of FED, ECB, BoE, China’s PMI & US payrolls.
UBS Morning Adviser
The Franc’s Real Erosion This week’s KOF leading indicator will likely reinforce the relatively robust outlook on the Swiss economy.
US Morning Update
Major overnight headlines: • Chinese Finance Minister says will step up efforts to support growth with “targeted measures”, MarketWatch
Daily FX Volume and Technical Strategy: EUR/JPY uptrend put to the test
As we approach month end, USD/JPY is trading near the same levels of two months ago; such a range-bound environment is likely to persist into August.