Tag Archives: USD/CAD
Daily Technical Report
EUR/USD surged higher yesterday and is nowchallenging the strong resistance area between1.3832 (25/10/2013 high, see also the long-termdeclining trendline) and 1.3893.
FX Daily Majors
Today’s highlights: AUDUSD’s break above .9078/87 confirms a bullish “reverse head & shoulders” base, to target .9168/70 initially.
UBS Morning Adviser
Fed’s Threshold Beckons UBS economics expects the US unemployment rate to fall to 6.5% today,
OZ more upside potential, EUR/NOK bullish turn
EUR/USD: The break above 1.3782 certainly got the bulls chargingahead breaking and closing above the 2008 top line as wellas outside the 55d Bollinger bands.
US Morning Update
Activity in G10 FX pairs was extremely lacking this morning in London, but that shouldn’t shock anyone. European equity indices were trading in the black following modest gains in Asia overnight, but the tone still feels cautious overall,
Daily FX Update
Markets have carried over from yesterday; with equities rallying (S&P reached a new high yesterday); the US 10‐year shifting higher (now up to 2.72%); volatility lower and the USD generally weaker.
FX Daily Majors
Today’s highlights: AUDUSD breaks its short-term downtrend, maintaining thoughts of a base, with a break above .9078/87 needed to confirm.
Daily Technical Report
EUR/USD has recently weakened near its keyresistance area between 1.3832 (25/10/2013high, see also the long-term declining trendline)and 1.3893.
UBS Morning Adviser
News flow improves We have previously highlighted the long-term downside risks for
Sell NOK/SEK. Possible break higher in AUD/USD
EUR/USD: Slowly but so far not really convincingly the market hasbacked off from the 2008 top line (55d Bollinger bandshigh). It will in fact take a break of 1.3643 to raise confidenceof a peak in place.
Bank of Canada remains at 1.0%
As widely expect BOC kept their target rate at 1.0% where it has been since Sep 2010.
USDCAD – focus is still on a wave-(d) decline to 1.10 (part of triangle)
Our call has been for a choppy wave-(d) decline towards 1.10 where multiple targets align. The 1.10 level is where wave-(d) would equal wave-(b) x .618 which is common in coiling corrections.