Tag Archives: USD/CAD
USD/CAD Technical Analysis
(1.0031) The USD/CAD confirmed yesterday a session of consolidation remaining interior the previous day’s range forming a new inside day with 1,0080 – 0,9995 the levels to follow in the coming hours.
FX Market Analysis
The USD traded largely lower against most major currencies on Wednesday after the U.S. government revealed the economy contracted in the fourth quarter, confounding market expectations for a gain.
USD/CAD Analysis
The USD hit session highs against the CAD on Wednesday after data showed that the U.S. economy contracted unexpectedly in the fourth quarter for the first time since the second quarter of 2009.
USD/CAD Technical Analysis
(1.0020) The USD/CAD confirmed a weak closing last night below the low of the previous session suggesting further s/t weakness toward the 200 days line, now found at 0,9987.
USD/CAD Technical Analysis
(1.0065) The USD/CAD confirmed a positive closing after having found also yesterday good resistance above 1,01.
USD/CAD Analysis
The USD was trading close to five-month highs against the Canadian dollar on Monday, after Friday’s unexpectedly weak Canadian inflation data reinforced expectations that the Bank of Canada would hold off on hiking interest rates.
FX Daily Majors
Today’s highlights: – EURUSD: Decisive breakout above 1.3404 exposes the 1.3487/93 resistance zone. Above here allows for the upward trend to continue higher for 1.3835 retracement resistance.
FX Daily Majors
Today’s highlights: – EURUSD: Probing the key range resistance zone at 1.3398/1.3404 after the rebound higher from 1.3264. We highlight however that a clear break above 1.3404 is needed for 1.3487/93.
USD/CAD: Bank of Canada decision not a game changer; position for a move lower
The CAD has been notable underperformer this week, as a more dovish tone in the statement pushed market expectations about the timing of first rate hike further into the future. Indeed, our economists now expect the BoC to start its tightening cycle in Q1 2014 with a 25bp hike, rather than in Q2 2013.
USD/CAD Technical Analysis
(1.0030) The USD/CAD confirmed last night another strong closing even above the 200 days channel suggesting further strength, especially in case of a daily closing above 1,0060!!
FX Daily Majors
Today’s highlights: – USDCAD: Market completes a medium-term double bottom base through .9975. We see scope for the market to rally substantially higher now to 1.0136, then 1.0273.
FX Daily Strategist: Europe
– EUR faces upside risks into the end of the week EURUSD remains on a choppy path but we expect EURUSD to trade higher into the end of the week.