Tag Archives: USD/CAD

Daily FX Update

Markets are cautious into the open, with headlines focused on Ebola’s arrival in New York.

Today’s highlights: USDJPY has completed a small base,

EUR/USD’s recent bounce is likely over. As aresult, a full retracement towards the key supportat 1.2501 is favoured.

Market sentiment is encouraging into the open. Earnings, China’s PMI and Europe’s PMI have all helped to

EUR/USD continues to weaken, as can be seenby the break of the hourly support at 1.2706 (seealso the rising channel).

Today’s highlights: EURUSD below 1.2624/05 would open up a retest of 1.2500/2460.

Today’s Canadian Monetary Policy Report made scant mention of the precipitous fall in oil prices over the past three months,

EURUSD: The fallout from what seems to be a bear flag has put the1.2605 key support up for grabs.

Mixed markets leading into today’s U.S. CPI print, which is a key input for the Fed and accordingly the USD.

EUR/USD has weakened near the hourlyresistance at 1.2901.

Today’s highlights: EURUSD spotlight turns towards near-term price support at 1.2706.

Markets are nervous but on stronger footings. Leading into the NA session equities are firmer, the U.S. 10‐year is at 2.2%,