Tag Archives: USD/CAD
Daily Technical Report
EUR/USD has broken the key support areabetween 1.3673 and 1.3643. The short-termtechnical structure calls for further weakness aslong as prices remain below the resistance at1.3669 (27/05/2014 high).
UBS Morning Adviser
Without robust growth, portfolio flows will be stagnant Ongoing Bank of Canada accommodation has driven CAD underperformance this year.
Crédit Agricole: USD/CAD Ahead Of Canadian GDP
The focus in Canada this week will be on today’s release of GDP and April industrial production.
Daily FX Update
The bond market is telling an important story. Yesterday the U.S. 10-year yield collapsed and there has been follow through today, with it moving into the open at an 11-month low of 2.42%.
FX Daily Majors
Today’s highlights: NZDUSD has completed its expected top, and we look for further weakness to .8362/49.
Daily Technical Report
EUR/USD has moved decisively below the short-term support at 1.3616 (23/05/2014 low), confirming the recent technical deterioration.
UBS Morning Adviser
April’s consumer price data will be released in Japan on Friday This will be the first release of national CPI following the country’s sales tax rise.
Daily FX Update
Globally, bond yields are lower with the U.S. 10‐year entering the NA session at 2.50%, flirting with its May 15th low of 2.47%.
FX Daily Majors
Today’s highlights: EURUSD back below the 200-day average maintains thoughts of a bear “wedge” and further weakness to 1.3520.
Daily Technical Report
EUR/USD is consolidating near the strong support at 1.3643 (see also the 200 day moving average). Monitor the hourly horizontal range between 1.3619 and 1.3669 (27/05/2014 high).
UBS Morning Adviser
Inflation will drive the dollar higher – but only if yields follow through In the latest edition of UBS Macro Strategy Weekly ‘Key Issue’,
Daily FX Update
Markets are quiet leading into a slew of U.S. data and favouring risk taking. Equities are strong the US 10 year is at 2.53% and the USD is mixed, but changes since yesterday’s close are minor.