Tag Archives: USD/CAD
FX Ringside
Has SEK decoupled from ordinary drivers? The SEK is generally regarded as a cyclical and risk sensitive currency. As such it should depreciate whenever risk appetite decreases (e.g. as measured by the SEB risk appetite index) or when growth is either slowing or expected to slow.
European FX Market Analysis
EUR/USD – Recovery extended to $1.27714 in early Europe before demand met stronger supply from a UK name. Rate has pulled back but seen meeting will buyers in the area between $1.2750/40 which is currently keeping it buoyed.
Market Analysis
The EUR was lower in Asian trade as investors were reluctant to buy the single currency despite modest gains Tuesday after successful European bond auctions, while many traders were cautious ahead of upcoming Italian and Spanish auctions and the European Central Bank’s policy-setting meeting Thursday.
America Market Analysis
EUR/USD – starting to show on the radar screens is Thursday’s ECB policy meeting with traders and analysts chewing the cud over whether or not the ECB will trim rates again by 25bps, as it did in November and December.
Market Analysis
EUR/USD – creeping higher amid light flows, trades to $1.2757 area but appears to be already losing momentum, still well shy of the early highs at $1.2785 seen in European dealings.
The Week Ahead
Today we take the market temperature and look at where to focus our attention as the week unfolds. Equities – Pivot area for US S&P500 and Earnings Season kick-off Last week ended in about as stale a stalemate as possible for equities. Though the key equity market benchmark, the US S&P500 managed an enthusiastic Tuesday […]
IMM CFTC: EUR shorts hits fresh record levels again
Investors and speculators continued to sell Euros into the new year and it has now become an issue of selling the European currency against most other currencies. Last week an additional 11.03K contracts were sold bringing the net EUR short position to a new record of -127.9k contracts, the equivalent of EUR 16 billion.
US employment report doesn’t dazzle – what now?
The US employment report was strong, but less strong than headlines and expectations had moved after yesterday’s ADP blowout. What do we focus on now after the anti-climax? The Euro couldn’t stage much of a bounce today ahead of the US employment report risk event as there were no signs of improvement among the usual […]
FX Daily Strategist: Europe
New Year rally fades; range trading likely ahead of Friday’s NFP The risk-on momentum that rang in the New Year dissipated on Wednesday despite the higher revision of the Eurozone Services PMI. In fact, EUR remains weighed down on the crosses with EURAUD falling to new record lows and EURJPY nearing 12-year lows as consolidates […]
Fixed Income Research – Global
EUR USD (1.2925) Investors continue to focus their angst on the European bond markets. Yesterday’s German bund auction although oversubscribed and better than the preceding one in November, was largely rated by the market as ‘lacklustre’ or ‘muted’. Since, typically, the bund issue is keenly priced relative to the secondary market, a demand less than […]
Fresh out of the gates, the jockeying begins!
Happy New year and welcome to 2012! As punters slowly return to their desks (your scribe included) the best way to perhaps describe this market currently is to liken it to the beginning of a horse race. As with any such race, once the steeds are sprung from the starting gates, jockeys do their best […]
USD/CAD ANALYSIS
USD/CAD briefly crossing a pivot point around C$1.0150 as the US dollar finds broad favor in the market. The CAD, under pressure amid a general shift in risk assets and retreating oil prices, was nonetheless outperforming its commodity and risk-linked cousins, as is its usual form when the greenback gains broadly.