Tag Archives: USD/CAD
IMM CFTC: Speculators begin 2012 with record short Euro position
As 2012 begins the nervousness about the fate of the Eurozone continues. The latest data from the CFTC which was collected last Tuesday showed that speculators in increased numbers continue to express their negative views on the Eurozone by shorting the Euro. The negative Euro sentiment has now easily surpassed levels that were seen when […]
USD/CAD ANALYSIS
CAD gained modestly Thursday, with the labor market showing signs of stabilization in the US. CAD rose, after a report showing that U.S. initial jobless claims increased but remained well below earlier peaks. USD fell to C$1.0232 from C$1.0243 late Wednesday, CQG data showed.
USD/CAD ANALYSIS
CAD strengthened to a near-three-week high Wednesday, as a well-received bond auction in Italy lifted sentiment. The USD fell to C$1.0122–the lowest since Dec. 8–from C$1.0186 late Friday.
The inevitable short squeeze we had to have
The humble short squeeze that started out quietly yesterday continued in earnest overnight as consolidation remains the name of the game and the self fulfilling prophecy of a Christmas rally remains firm on traders’ minds. I don’t believe in either a change of circumstance or this rally that everyone is looking for. It is of […]
Technical Analysis: Technical Alert: The euro is still the underdog while the dollar shines
The euro is still under heavy pressure and EURUSD & EURJPY (& AUDJPY) has been allowed to slip below supports (1.3484, 104.74 & ~78.00) which now could act as resistance levels.
FX Techtonics Daily – EUR/USD: corrective rise from 1.3360 probably not over
EUR/USD EUR/USD should break above yesterday’s high of 1.3670 and rise to the 1.3795/1.3800 resistance area before pointing back to the January low of 1.2860.
FX Techtonics Daily – EUR/USD: ST pause before return to intermediate downside target of 1.3430/95
EUR/USD The likely break below the 1.3430/95 support zone should call for an extension of the downtrend initiated at 1.4945 in early May to the January low of 1.2860, with steps at 1.3245 and 1.2995.
FX DAILY STRATEGIST: Asia – 21 September 2011
USD softer, EUR stable, CHF hit by SNB re-peg speculation. More positive signals out of the latest troika/Greece phone conference, an absence of any bad-news scare stories and some sense of optimism that the FOMC would deliver enough following the conclusion of the FOMC meeting today to add a layer of support under risk markets, […]
FX Techtonics Daily – EUR/USD: ST risk to the downside, but limited potential
EUR/USD We expect the mid-July low of 1.3835, or even the 1.4015/55 support zone, to contain any down-move until the EUR/USD breaks above the tentative declining resistance line, which comes at 1.4455 today, and returns to the 1.4520/35 region.
European FX Daily – Inflation pushes AUDUSD to a new high
– AUD rally leads the USD weaker; Asian equities mixed – Australia inflation surprised high, points to rate hikes, not cuts – A moderation in the Swiss KoF is likely to have limited CHF impact – USD durable goods likely to contract and keep USD yields depressed – We have lowered our three-month USDCAD forecast […]
Chart Watch – USD/CAD looks to be at the beginning of a new uptrend
USD/CAD’s May low at .9448 most likely marks the end of its 2009-2011 bear market with the 1.0208 2009 trough being the six month upside targets and the 200 week moving average at 1.0592 being the one year upside target.