Tag Archives: USD/CAD

UBS Morning Adviser

Leap-frogging the Australian Dollar FX reserve managers and sovereign wealth funds are adding renminbi to their portfolios,

USDCAD – wave-2 pullback targets 1.0907/0896; then wave-3 of (3) higher

Prices have cleared the downtrend highlighted in Tuesday Morning Techs and supports the idea the bullish falling wedge is complete.

Daily FX Update

Markets are relatively quiet as global PMIs suggest ongoing expansion in both manufacturing and services with some evidence of deceleration.

FX Daily Majors

Today’s highlights: EURUSD spotlight remains on its 200-day average at 1.3635, below which can add weight to a large bearish “wedge” scenario.

EUR/USD successfully tested the strongsupport at 1.3643 (see also the 200 day movingaverage) yesterday. However, a break of theinitial resistance at 1.3732 is needed to confirm ashort-term exhaustion of the selling pressures.

UBS Morning Adviser

Core-headline inflation divergence apparent, but no policy response (yet) For many central banks targeting the elimination of spare capacity,

Daily FX Update

FX markets are quiet and mixed with GBP and JPY outperforming; while AUD and EUR are weak and CAD is flat. US markets are entering the day having improved, with equities higher and the U.S. 10‐year up at 2.53%.

Daily Technical Report

EUR/USD has made a bullish intraday reversalnear the key support area between 1.3673 (seealso the long-term wedge formation) and 1.3643(see also the 200 day moving average).

FX Daily Majors

Today’s highlights: USDJPY continues to threaten an important top, with a break below 100.75 needed to confirm.

UBS Morning Adviser

US Investors’ Overseas Interest Narrowing We have long held the view that US investors’ global allocation is a big marginal driver for the dollar.

Daily FX Update

FX markets are quiet; risk aversion is the core theme in what is likely to be a relatively subdued week. News flow has focused on the implementation of Thai martial law,

FX Daily Majors

Today’s highlights: EURUSD spotlight remains on key support at 1.3643/30, below which is needed to add weight to thoughts of a larger top.