Tag Archives: USD/CAD

Daily FX Update

Markets are entering the week on an encouraging tone. Equities are stronger, U.S. 10 year is at 2.52%,

Our strongest conviction in recent months has been that EUR/GBP should continue to move lower.

EUR/USD is consolidating after Thursday’sdecline. A bearish bias is favoured as long asprices remain below the resistance at 1.3664(03/07/2014 high).

Today’s highlights: USDCAD maintains a base from key support at 1.0600, and we stay bullish for the 200-day average at 1.0811.

Investors following tactical strategies should consider buying USD/CAD this week, advises Barclays Capital in its weekly FX pick to clients.

The NZD edged lower on Friday, dipping 0.1% against theUSD to 0.8810.NZD/USD had another peek above 0.8830,

U.S. Review More Evidence of a Tightening Labor Market • While small business confidence dipped in June,

Today’s highlights: EURJPY below 137.70 completes an important top, for 136.23.

EUR/USD declined sharply yesterday,completely erasing Wednesday’s gains. A furtherdecline towards the support at 1.3503 is

USD stabilized against majors. EUR traded just above 1.36, while USDJPY again found support around 101.30.

Today’s highlights: NZDUSD’s extension above .8795 keeps the spotlight higher on medium-term resistance at .8845/61.

Disappointing economic data from China and Eurozone and concerns over the banking sector in Portugal have weighed on market into the open.