Tag Archives: USD/CAD
Weekly Economic & Financial Commentary
U.S. Review Signals of Stronger Economic Growth Return · Retail sales for March climbed 1.1 percent following an upwardly revised 0.7 percent reading for February, signaling that consumer spending was not as soft as first expected to start the year.
USDCAD – > 1.1034 can promote next larger wave up; 1.0960 key supp.
$CAD gave us the reversal back above 1.0911 that signaled a tradable low. The rally so far remains below a longer-term uptrend and the previous 1.1000/1070 consolidation;
Daily FX Update
Soft releases from Google and IBM have weighed on markets into the NA long weekend. Accordingly equities are off to a softer start, the U.S. 10year has dropped to 2.63% and the USD is mixed.
FX Daily Majors
Today’s highlights: GBPUSD has broken to a new high for the year and we target trend resistance at 1.6875 next, then the 1.7044 peak of 2009.
Daily Technical Report
EUR/USD has broken hourly resistance at1.3833 and is ready to challenge the resistanceat 1.3851 (16/04/2014 high). The short-termtechnical configuration remains positive as longas the support at 1.3830 (old resistance holds).
UBS Morning Adviser
Lessons from the US Treasury Department on competitive devaluations Yesterday the US Treasury firmed its position on weaker CNY in its semi-annual
Daily FX Update
A slew of news in the Asian session with better than expected Chinese GDP, strong UK employment, soft European CPI and rumours of a downgrade to Japan’s economic assessment have driven markets leading into
Daily Technical Report
EUR/USD has not challenged hourly resistanceat 1.3833 (15/04/2014 high), suggesting a periodof sideways trending. A test of the resistance at1.3162 (28/02/2013 is still likely.
The risks & skew in the long USD/CAD trade
It would not look out of place if the Bank of Canada’s April post-meetingstatement made no changes from the March 5th statement. In contrastthe monetary forces shaping the medium-term USD/CAD outlook areexciting….
UBS Morning Adviser
FX Intervention Unlikely To Be Happening FX reserves held by the Reserve Bank of Australia (RBA) grew sharply and
Daily FX Update
Markets are relatively quiet into the NA open; with the USD generally stronger, equities slightly higher and the US 10‐year at 2.65%. At 8:45am EST, Chair Yellen delivers opening