Tag Archives: USD/CAD
Technical Analysis
Scandies still look strong. Spanish yields turn sour… EUR/USD Bearish contracting range… USD/JPY Re-checking support… USD/CAD Losing momentum? EUR/SEK Focus on key ref at 8.2020… USD/SEK Confined to range…
FX Daily Majors
Today’s highlights: * EURUSD: Indecisive price action continues after failure ahead of 1.2383/7/8 resistance zone. We expect the market to retest 1.2242/56 support zone. Below exposes 1.2134.
Asia today: EUR steady amid talk of plan to cap EU bond yield
An early minor reaction to week press reports that the ECB was mulling interest rate caps for peripheral Eurozone government bonds was the only thing to report from an otherwise dull, holiday-affected Asian start to the week.
FX Daily Majors
Today’s highlights: * EURUSD: Aggressive rally higher leads to a re-test of the 1.2387/8 resistance hurdle. Failure here keeps the downside threat alive, but above exposes 1.2444/79.
FX Daily Strategist: Europe
US Treasury sell-off resumes, but USD loses against high yielding G10 FX In FX markets, the rise in US yields has persisted while the USD has continued to remain weaker, especially against the high yielding currencies.
FX Daily Majors
Today’s highlights: * EURUSD: Failure to break above 1.2387/8 and subsequent reversal lower turns the focus back on 1.2242. Through here signals the start of next leg lower to 1.2042, then 1.1876.
FX Daily Majors
Today’s highlights: * EURUSD: Recovering back up towards 1.2388 interim chart resistance. We expect the market to break through here to challenge 1.2444/79 and then 1.2598.
FX Daily Majors
Today’s highlights: * EURUSD: Correction holds above key 1.2200/09 support zone keeping short-term upward trend intact for now. We remain positive over the short term for 1.2598.
FX Daily Majors
Today’s highlights: * EURUSD: Break through 1.2326/37 support zone allows for a deeper set back within the current corrective uptrend, but we look for this to gain traction at 1.2209/00.
FX Daily Majors
Today’s highlights: * EURUSD: Market holds the 38.2% retracement support at 1.2326. We expect the market to continue higher through 1.2444 to 1.2598 78.6% retracement resistance.
UK Inflation report can keep pressure on sterling
The risk rally is progressing slowly. Sell GBP/CAD ahead of the inflation report? * The highlight of today’s news and data will be the UK Bank of England inflation report. Inflationary pressures are easing, the economy is weak, bank lending is soft, and the MPC is dovish.
Technical Analysis
€ & other corrections running out of steam… EUR/USD Encouraging doji candle… USD/CAD A possible bullish setup… EUR/JPY Eyeing the mid body point… EUR/SEK Sellers close to the 8.38 res… USD/SEK An area worth watching… EUR/NOK Watching the mid body point… USD/PLN In the primary target zone.