Tag Archives: USD/CAD
Daily FX Update
CAD: CORRELATION WITH INTEREST RATES BREAKSDOWN • USD is mixed with European FX outperforming. • CAD is flat after a maintenance BoC statement; the correlation between CAD & interest rates has broken down; spot tests range.
US Morning Update
Major overnight headlines: • Nikkei slumps more than 5.0% as JPY strengthens, 10-year JGB yield lower on the day though • BoJ says long-term JGB purchases in June to total around 7.0 trillion, but amount can be adjusted, Thomson Reuters
UBS Morning Adviser
Capex Comforts Australian Dollar We remain cautious on the Australian dollar given the risk the Reserve Bank of Australia will cut interest rates again from 2.75% this year.
Daily FX Update
WILL USD COLLAPSE IN JUNE 2013 JUST LIKE JUNE 2012? • USD faces a sudden & dramatic bout of weakness into the NA open.
USD/CAD buying on the rise
• Although CAD is ranked relatively low in the G10 currency rankings, the volume has been on the rise over the past few weeks,
USD/CAD Technical Analysis
(1,0420) The USD/CAD confirmed yesterday further consolidation interior the negative day reversal with 1,0405 – 1,0275 still the levels to follow in the coming hours.
Broad based dollar strength – aussie the biggest loser
EUR/USD: Judging by recent price action the near-term outlook leans towards an already completed correction, but if it is a “Triangle”,
UBS Morning Adviser
Confidence Cushion The dollar’s favourable response to consumer confidence figures released on Tuesday has demonstrated how risk-currency status for the dollar can only be generated through a virtuous data cycle.
US Morning Update
Major overnight headlines: • French consumer confidence falls to 79.0 in May from 83.0 (vs. 85.0 expected), now even with post-Lehman levels • ECB’s Noyer: France must “push ahead” with labour market reforms, Reuters reports
Daily FX Update
JPY WEAKENS ‐ REMINDER SENT THAT BOJ CAN DO MORE • USD is mixed as news flow is limited; AUD rallies & JPY is weak.
Daily FX Technical Strategy: AUD hovers over its 2012 low
Following a turbulent week, the quiet start around the UK/US bank holiday was likely welcomed as markets took a breather.
USD/CAD Technical Analysis
(1,0354) The USD/CAD is confirming further consolidation remaining interior the negative day reversal with 1,0405 – 1,0275 still the levels to follow in the coming hours.