Tag Archives: USD/CAD
Daily FX Update
EUR PROVES HIGHLY SENSITIVE TO ECB OUTLOOK – USD is broadly weaker, as risk appetite recovers slightly.
USDCAD – small wave ii correction eyeing support at 1.0205/0200
Now that prices have cleared the bull flag pattern our long-term focus is on the 1.0342 pivot high. Eventually a breakout through the February high can take prices to 1.0493
FX Technical Volume Strategy: USD/CAD volumes higher on up-days
– Volumes eased back on the day, but are still well above the average for the past year. – USD/CAD activity has been increasing on bullish days and this signals investor appetite to buy the pair.
Daily FX Technical Strategy: USD/CAD nascent bid
Along with commodities that are under pressure once again this morning, inflationary expectations (as measured by the US 10yr breakevens) continue to drop.
USD/CAD Technical Analysis
(1,0259) The USD/CAD confirmed a strong closing last night but it failed to confirm the break above the resistance of the inside day at 1,0270.
UBS Morning Adviser
Japan Locals In No Hurry Japanese investors were net sellers of foreign bonds again last week, according to official ‘hard data’ released overnight (Chart 1).
EUR/USD drops as ECB official says rate cut possible
The Euro weakened Wednesday after a top European central banker discussed the possibility of cutting the European Central Bank`s benchmark interest rate to support the sluggish economy.
Daily FX Update
BOC & FED TODAY PUT USDCAD AT RISK – USD is broadly stronger as markets struggle under weak earnings, rising fears over global growth and jittery nerves.
UBS Morning Adviser
Nervy Loonie As BoC Meets The Bank of Canada decision on Wednesday could prove to be one of the most decisive for the currency in recent memory.
USD/CAD Technical Analysis
(1,0224) The USD/CAD is still well bid above 1,0200. In yesterday’s session it formed a new inside day with 1,0270 – 1,0115 the levels to follow in the coming hours.
UBS Morning Adviser
Should FX Worry About Gold? The sharp moves in gold markets in the last few trading sessions are starting to spill over into FX. The market is presently at a loss over the exact drivers,
USD/CAD Technical Analysis
(1,0225) The USD/CAD confirmed a strong closing last night, well above the top of the previous session and also well above the resistance of the inside day at 1,0170 supporting further strength.