Tag Archives: USD/CAD
USD/CAD Technical Analysis
(1,0265) The USD/CAD is confirming further consolidation interior the inside day with 1,0305 – 1,0195 still the levels to follow in the coming hours.
UBS Morning Adviser
Only The Kiwi Flies Central banks are being forced to change stance. Following yesterday’s weak PMI data, the European Central Bank is now likely to cut interest rates on May 2.
Daily FX Update
WEAK ADVANCE EURO AREA PMI’S SHIFT FOCUS TO ECB – USD – DXY back to early April highs on retracement of recent decline. – CAD weakness continues on weak global growth; risk is retail sales.
USD/CAD Technical Analysis
(1,0281) The USD/CAD confirmed further consolidation interior the inside day with 1,0305 – 1,0195 still the levels to follow in the coming hours. It’s now the fifth day interior the formation.
Daily FX Technical Strategy: A creeping bid for the USD
US rates markets are maintaining a bullish tack and the risk is for lower yields. However, the implications are mixed for the US dollar at this point.
The FX Quantitative Analyzer
Risky currencies came under pressure, with concerns about the global growth outlook weighing on investor sentiment following soft economic data from the US and China.
UBS Morning Adviser
Europe’s PMIs China’s HSBC PMI data came out weaker this morning in Asia, falling from 51.5 to 50.5. Coupled with USDJPY slipping back below 99, stock markets have fallen across the region.
UBS Morning Adviser
A Japanese Giant To Watch USDJPY is testing 100 this morning in Asia after the G20 meetings resulted in little criticism of Tokyo’s policies.
USD/CAD Technical Analysis
(1,0259) The USD/CAD confirmed on Friday further consolidation interior the inside day with 1,0305 – 1,0195 still the levels to follow in the coming hours.
Daily FX Technical Strategy: EUR/NOK stronger recovery risk
Steady selling of crude oil over the past week has likely catalysed a bearish undertone for the NOK. Although some commodities are staging a near-term bounce,
UBS Morning Adviser
CBs Sounding Deflation Alarm? St. Louis Fed President James Bullard’s warning that the Fed may buy more bonds if ‘inflation continues to go down’ on Tuesday is a warning signal for markets rattled by the decline in
USD/CAD Technical Analysis
(1,0250) The USD/CAD confirmed a session of consolidation forming a new inside day with 1,0305 – 1,0195 the levels to follow in the coming hours.