Tag Archives: USD/CAD
Daily FX Update
A general sense of risk off, profit taking into the weekend and expectations of June ECB policy action has driven the USD higher, equities lower and the US 10yr yield back down to 2.6%.
Daily Technical Report
EUR/USD made a sharp bearish intradayreversal near the key resistance at 1.3967yesterday. The support at 1.3865 (05/05/2014low) has been broken, negating the short-termbullish momentum.
UBS Morning Adviser
Low US rates & strong fundamentals boosting KRW Continued low US rates have helped EM portfolio flows and have resulted in a resurgence in EM currencies.
Daily FX Update
A fresh wave of USD weakness, an easing in Russian geopolitical risk, the BoE and ECB leave rates on hold and Chair Yellen warns on housing.
Daily Technical Report
EUR/USD has thus far failed to break the keyresistance at 1.3967. However, the short-termtechnical structure is positive as long as thesupport at 1.3865 (05/05/2014 low, see also therising channel) holds.
FX Daily Majors
Today’s highlights: GBPUSD stays bullish to test the multi-year range highs at 1.7044, then 1.7287 with our core target at 1.7332.
UBS Morning Adviser
Rhetoric becomes fashionable Like the euro, the New Zealand dollar has been propelled higher over the past year.
USDCAD – wave-(4) correction could see deeper decline to 1.0725
Prices stalled after rallying to the underside of the broken uptrend and to the area of the previous consolidation. The sell-off is testing the bullish reversal pattern near 1.0865.
BNPP Introduces A New Forecasting Model
BNP Paribas today introduces a new forecasting model ‘CLEER’ which is a medium-term fair value model for currencies.
Daily FX Update
A lack of follow through of yesterday’s USD weakness is a warning but the downward trend remains strong. Event risk today is centered on Chair Yellen,
Daily Technical Report
EUR/USD has broken to the upside out of itsrecent consolidation between 1.3780 (09/04/2014low) and 1.3906 (11/04/2014 high), opening theway for a test of the key resistance at 1.3967.
FX Daily Majors
Today’s highlights: GBPUSD stays bullish to the multi-year range highs at 1.7044, then 1.7285 with our core target at 1.7332.