Tag Archives: USD/CAD
US Morning Update
Conditions during the London morning were once again supportive of ‘risk’, following Yellen yesterday and surprisingly good Chinese data overnight.
Daily Technical Report
EUR/USD weakened yesterday close to theresistance at 1.3685 (50% retracement), makingan intraday bearish reversal. A break of thehourly support at 1.3609 would negate the shorttermpositive structure.
FX Daily Majors
Today’s highlights: AUDUSD spotlight turns to important resistance at .9078/87, a break above which would see a base.
UBS Morning Adviser
Liquidity Preference Immune to Guidance Tweaks (so far) The policy implications from the BoE’s inflation reports will dominate proceedings for short-dated interest rates,
China Trade Lifts CAD, AUD; Gains Likely Temporary – Analysts
Chinese trade data released earlier Wednesday showed a wider-than-expected surplus in January, serving to underpin commodity currencies,
Daily FX Update
The USD is weak leading into Chair Yellen’s first testi‐mony as Fed Chair. The DXY has traded to a fresh 9‐session low and is flirting with a break of its 100‐day MA and trend support (see bottom chart).
Daily Technical Report
EUR/USD continues to improve by moving outof its declining channel. An horizontal resistancecan be found at 1.3685 (50% retracement). A keyresistance stands at 1.3739.
FX Daily Majors
Today’s highlights: USDCAD has found support at 1.0981/66, but above 1.1123/40 is needed to turn the trend higher again.
UBS Morning Adviser
Sentiment stabilisation cannot mask secular changes Risk appetite is likely seeking for some consolidation heading into Fed Chair Yellen’s testimony on Tuesday.
EUR/USD is scanning nearby resistance – make or break? Weaker HUF
EUR/USD: The move higher last week has been extended this morningto the point where it meets thought resistance at the highend of the Fibo adjusted short-term “Ichimoku cloud”.
The euro threatened by deflation
Calm returns for emerging currencies Some calm returned to emerging markets last week, as several central banks (including those of Turkey, South Africa and India) announced interest rate hikes.
Daily FX Update
The USD has weakened; the DXY has dropped to afresh 7‐session low and all the major and EM currencies (with the excep‐tion of JPY) gaining ground against the USD over the last five trading sessions.