Tag Archives: USD/CAD
Will CAD Strength Continue?
USD/CAD closed below the 200 day moving average last week and is now aggressively through the 2013 high at 1.0738, notes CitiFX Technicals.
USDCAD – major wave-4 support zone surfaces from 1.0722 to 1.0668
A step back at the weekly shows that this decline in $cad is pulling back to Major support in the mid 1.06’s.
Daily FX Update
Markets are mixed reacting to China’s HSBC manufacturing PMI release of a seven-month high of 50.8 juxtaposed against a softer than expected Eurozone PMI release and rising oil prices.
FX Daily Majors
Today’s highlights: USDCAD continues to fall sharply after completing a bearish continuation pattern and
UBS Morning Adviser
Headline CPI of +2.7% YoY shows inflation still elevated after MAS cut forecast Singapore May headline CPI released today showed ongoing upward pressure in all major areas except for clothing and communication,
Weekly Economic & Financial Commentary
U.S. Review Inflationary Pressures Mounting, But Fed Holds Tight
FX Daily Majors
Today’s highlights: GBPUSD above multi-year range resistance at 1.7044/49 should see strength extend to our target of 1.7330.
Daily FX Update
Markets are quiet; with equities relatively flat, the U.S. 10‐year yield in a tight range, the USD retraces some of its losses and volatility still falling. There is no U.S. data today or Fed speakers.
Daily Technical Report
EUR/USD has broken the hourly resistance at1.3602 (10/06/2014 high). A short-term risetowards the resistance at 1.3677 (see also the38.2% retracement) is favoured as long as thehourly support at 1.3584 (19/06/2014 low) holds.
UBS Morning Adviser
Central banks target long-term economic potential The Federal Reserve and Norges Bank both surprised market expectations this week to the dovish side.
USDCAD – 5-wave decline to 1.0823/0814 support along w/ bull divergence
There is a bear flag breakdown attempt underway within a larger downtrend but the 4-hour chart shows a bullish RSI divergence that warrants attention.
US Morning Update
Moves across G10 spot during the London morning were instructive, but the more robust indicators of general sentiment were elsewhere: equities and