Tag Archives: USD/CAD

Daily FX Update

The USD is weak as we approach the NA session, with early EUR gains driven by improved French confidence data,

Today’s highlights: USDCAD continues to hold trend support to leave the bias higher to

EUR/USD remains thus far unable to holdabove its previous lows, indicating persistentselling pressures.

EURUSD: EUR/USD over 1.2877 would target 1.2931 next… Read the full report: Technical Alert

Today’s highlights: EURGBP falls to test our core bear target at .7800/.7790, where we look for a base.

EUR/USD remains capped by the short-termdeclining trendline and the hourly resistance at1.2988 (05/09/2014 high).

EURUSD: The drop below 1.2834 became exactly the kind of lowconviction move that one expects to

U.S. Review FOMC Meeting Does Little to Change Our Outlook • The Fed lowered its projections for GDP and unemployment slightly,

The market continues to digest this week’s events. Into today’s open the USD is strong,

EUR/USD remains capped by the short-termdeclining trendline and the hourly resistance at1.2988 (05/09/2014 high).

Today’s highlights: EURGBP continues its decline and we stay bearish here for

Markets are still digesting yesterday’s Fed release, with equities stronger, the US 10year at 2.61 and the USD mixed leading into the open.