Tag Archives: USD/CAD
Daily FX Update
ECB CUTS RATES BY 0.25% to 0.50%; DRAGHI NEXT – USD is mixed. Focus shifts to tradeoffs between austerity and growth.
FX Technical Volume Strategy: USD/CAD sideways before up
– Holidays in Europe and Asia kept volumes depressed, look for a spring back today.
USD/CAD Technical Analysis
(1,0082) The USD/CAD confirmed our s/t target with an extension toward 1,0050 where it found decent support for the moment.
UBS Morning Adviser
Fed Waits, ECB Next The key risk to our bullish dollar view is if the Federal Reserve decides to prolong its current round of quantitative easing into 2014.
Daily FX Update
USD WEAK AS MARKET IS POSITIONED FOR DOVISH FED – USD broadly weaker leading into the FOMC decision (2pm EST).
UBS Morning Adviser
Do Come Back After May ‘Sell in May and go away’ has had its fair share of supporters and detractors over the years. For FX markets, seasonality is often used as post-hoc rationalisation of price action,
Daily FX Update
MONTH END FLOWS BIASED TO BUY USD, GBP & CAD – USD is quiet leading into FOMC decision & European holidays on Wed.
USD/CAD Technical Analysis
(1,0108) The USD/CAD confirmed another very weak closing last night that is favouring the retest of the 1,01 area with a possible direct extension toward the key level at 1,0080;
FX Morning Rundown
With the S&P (+0.72%) making another new all-time closing high, Asian equities are trading broadly higher with the Hang Seng +0.7% and Kopsi +1.2% as risk assets continue to rally.
Technical Alert
EUR/USD: Buyers gained the upper hand and closed the session high yesterday, but respected the intraday overstretch. 1.3130 remains near-term important since above it would call for a +1.3202 move.
UBS Morning Adviser
It’s April 30th and so the BoJ’s new easing program has reached the end of its first month of operation. There have been some teething issues – notably a sharp increase in JGB volatility.
Daily FX Update
USD WEIGHED DOWN BY FED EXPECTATIONS – USD is broadly weaker as disappointing US growth and low inflation build expectations for a more dovish Fed, pushing out QE tapering.