Tag Archives: USD/CAD

Daily FX Update

News that Japan has fallen into recession is weighing heaving on markets leading into the NA open and

EUR/USD: Stay long even though spot is back to the session-low.

EUR/USD has broken the resistance at 1.2509,favouring a longer rebound.

The USD is broadly stronger into the open, reacting to both the fundamental currency outlook,

EUR/USD continues to consolidate in the shorttermtime frame.

Today’s highlights: GBPUSD removes the top of the 2013 base at 1.5752/22 to

EURUSD: The exited wedge still calls for the next move to be

The USD is mixed as we head into the NA session, with commodity currencies (ex-CAD) outperforming following the

EUR/USD continues to consolidate in the shorttermtime frame.

Today’s highlights: GBPUSD has declined to test key basing and

So 1.17 would be an ideal target for this rally from 1.06 because that is a key target zone and

EUR/USD has moved out of its short-termdeclining channel, suggesting a potentialextension of the current rebound.