Tag Archives: USD/CAD

FX G10/EM Morning Trader Views

EUR – Big week for fx this week with all the CB meetings and payrols data, as well as month end

(1,0273) The USD/CAD confirmed a session of consolidation forming a new inside day with 1,0330 – 1,0245 the levels to follow in the coming hours.

AUD: The Governor Speaks On Tuesday, RBA Governor Stevens is due to deliver his final public address before the next RBA policy decision.

Nonfarm payrolls should post another solid increase in July (185K). Private payrolls should match our headline estimate,

JPY OUTPERFORMS, JAPAN CPI BEATS EXPECTATIONS • USD — relatively unchanged vs most with exception of JPY, AUD.

(1,0278) The USD/CAD failed to confirm the positive day reversal confirming instead a retest of the low with even a small undershooting,

JPY: Policy Gaining Traction? Japan’s inflation rose sharply in June according to data released overnight.

RBNZ TURNS HAWKISH, TALKS OF STIMULUS REMOVAL • USD — mixed, as NZD, JPY, CAD and AUD rise; others are weak.

Major overnight headlines: • Core sovereign rates generally fall after German & UK data fail to come in significantly better-than-expected

(1,0308) The USD/CAD formed a positive day reversal after the expected test of the support line at 1,0260.

NZD: Another Piece Falls Into Place Overnight, the RBNZ shifted stance and adopted an unmistakable explicit tightening bias,

• USD yields retraced from the highs and so did the USD, as markets revised their interpretation of the Fed Chairman’s tapering talk to