Tag Archives: USD/CAD

Weekly Economic & Financial Commentary

U.S. Review Monetary Policy: Continuity—For Now · In her testimony to the Congress, the new Fed Chair called for continuity and

Happy Valentine’s Day!

Good Day! And a Happy Friday to one and all! On top of it being a Friday before a 3-day weekend, it’s also Valentine’s Day!

Daily FX Update

Leading into the NA long‐weekend the USD is weak, equities and gold prices are strong, oil prices are still flirting with $100, the US 10‐year is at 2.72% and volatility metrics are lower.

EUR/USD rose sharply yesterday and hassucceeded in making higher highs. Monitor thekey resistance at 1.3739. Hourly supports aregiven by 1.3657 (intraday low) and the short-termrising channel (around 1.3595).

FX Daily Majors

Today’s highlights: GBPUSD stays on course for the measured target from its medium-term base at 1.6691, potentially the 1.6748 peak of 2011.

Continued yen buying. Watch cable resistance

EUR/USD: Yesterday’s attempt to trace out a peak was proven wronggiven the break of 1.3655. The minimum target for thefollowing move, 1.3684+, has been fulfilled however the risedoes so far look incomplete.

UBS Morning Adviser

Policy validation stems from removing the price expectations driver Forward guidance was never going to be uniform across the distinct policy constructs of individual central banks,

USDCAD – at lower end of 1.0925/1.1250 range-bound correction

The corrective rally to THE 1.1224 high along with the lack of momentum divergence indicates that this range from 1/23 is just a large correction in the long-term uptrend.

Daily FX Update

Soft employment in Australia, rumours of rising defaultrisk on two Chinese shadow banking products, and ongoing economicuncertainty have markets favouring risk aversion today.

Daily Technical Report

EUR/USD significantly weakened yesterday,suggesting a pickup in selling pressures. A breakof the hourly support at 1.3552 would open theway for a further decline towards the support at1.3477.

FX Daily Majors

Today’s highlights: EURGBP’s collapse from the .8351/66 barrier keeps us bearish and turns attention back to key support at .8165/55.

UBS Morning Adviser

The times are changing For much of the past 3 years, it made sense to play the unfolding Australian macro story through the rates space.