Tag Archives: USD/CAD
Daily FX Update
CHINA RISK LOOMS HEADING INTO PMI RELEASES • USD—Fedspeak continues to highlight data dependence.
US Morning Update
Major overnight headlines: • UK Index of services up 0.2% m/m in April versus 0.1% expected, March figures revised down
Daily FX Volume and Technical Strategy: Gold rushes for the exit
With month/quarter end approaching, we note that gold has had the strongest quarterly decline (~25%) in our chart history.
USD/CAD Technical Analysis
(1,0459)The USD/CAD confirmed a drop toward 1,0420 before turning again higher forming a positive day reversal while missing to confirm the break of the support of the inside day at 1,0440!
UBS Morning Adviser
AUD Suspense Almost Over Today, at 1300GMT the IMF is due to reveal for the first time the size of reserve manager holdings of AUD and CAD¹.
Daily FX Update
AUD TECHNICALS STILL SUGGEST DOWNSIDE • USD is mixed as commodity FX outperform on the back of some encouragement from China;
US Morning Update
Major overnight headlines: • Fed’s Lacker says Fed isn’t close to trimming its balance sheet, Bloomberg
Higher dollar/scandies
EUR/USD: The market yesterday conducted the first attempt to enter the broader 1.28/1.30 support zone. The rejection from beneath 1.30 looks clearly corrective to us
USD/CAD Technical Analysis
(1,0429) The USD/CAD formed yesterday a session of consolidation forming an inside day with 1,0560 – 1,0440 the levels to follow.
UBS Morning Adviser
Sterling’s Other Catalysts The UK reports final Q1 GDP numbers today. After Wednesday’s surprisingly soft US print, any result close to consensus could give the pound a fillip.
Daily FX Update
EUR POISED FOR FURTHER DOWNSIDE • USD is mixed; with the commodity currencies outperforming but weakness from the European block.
US Morning Update
Major overnight headlines: • Italy risks 8 billion euro losses on derivatives contracts restructured at the height of EMU crisis, La Republica