Tag Archives: USD/CAD
FX Daily Majors
Today’s highlights: – EURUSD: Continuing to hold support at 1.3249 for now. We continue to expect the market to rebound higher from here back through 1.3404 to challenge 1.3487 initially.
Daily FX Technical Strategy – Pounding GBP
UK 10-year yields closed at their lowest level so far this year and confirmed a small reversal pattern. Relative outperformance of UK bonds is helping to keep GBP under pressure.
USD/CAD Technical Analysis
(0,9867) The USD/CAD is still confirming further consolidation interior the big inside day with 0,9960 – 0,9820 still the levels to follow in the coming hours.
FX Daily Majors
Today’s highlights: – EURUSD: Market continues its correction lower, bringing the market through 1.3300/09 pivot support towards our retracement target of 1.3249.
FX Daily Majors
Today’s highlights: – EURUSD: Consolidating back towards 1.3298 throwback support. We expect some brief weakness below here to 1.3249 where we envisage renewed buying interest again.
USD/CAD Technical Analysis
(0,9843) The USD/CAD is still confirming further consolidation interior the big inside day with 0,9960 – 0,9820 still the levels to follow in the coming hours.
FX Daily Majors
Today’s highlights: – EURUSD: Aggressive rally brings the market up through 1.3388 and next resistance is now located at 1.3487.
UBS FX Technical
EURUSD – The pair continues to extend its gains and post new recovery highs. This morning, it traded above the resistance at 1.3386,
Daily FX Technical Strategy – Heavy volumes confirm investors are on the move
The blistering pace of change at the start of 2013 is not letting up. Volumes are high with the yen at the forefront, suggesting Japanese investors are no longer risk-averse and are searching for yield once more.
FX Daily Majors
Today’s highlights: – EURUSD: Expected recovery higher brings market back towards initial target resistance at 1.3300/09. We expect a breakout above here and extension higher to 1.3487/93.
Daily FX Technical Strategy – Risk-on and decompression
In the first full week of 2013 it is becoming clear that the collective investor mindset is changing. Volumes that we have seen in FX markets are at their highest for a year.
FX Technical Volume Strategy: Highest volume day of the past year
– Overall volumes were the highest level for the past twelve months. – JPY was squeezed off the top spot in terms of daily volume as activity in USD, EUR and AUD reached the highest for the past year.