Tag Archives: USD/CAD
USDCAD – correcting wave-(3) rally; pullback targeting 1.0885/0798
rally from the September low. A correction is now in order that will continue the weakness seen since Thursday’s bearish reversal candle. Two clusters of Fibonacci retracement support surface at 1.0885 and
US Morning Update
For the first time in at least a week, and possibly a bit longer, USDCAD participants are not really watching Canadian macro factors.
Daily Technical Report
EUR/USD made an intraday bearish reversallast Friday near the resistance at 1.3699, whichfavours short-term caution. Hourly supportsstand at 1.3625 (intraday low) and 1.3583(22/01/2014 high).
FX Daily Majors
Today’s highlights: USDJPY has set a top and the prod beneath the 38.2% retracement support at 102.08 warns of a deeper setback to 101.02/01.
UBS Morning Adviser
Trade rebalancing still elusive Yen bears can take comfort from Japan’s trade data released overnight.
Weekly Economic & Financial Commentary
The Recovery Remains in the New Year · An uptick in the Leading Economic Index points to slightly stronger future growth,
Daily FX Update
A volatile start to the day as investors digest whatthe potential risks of contagion of developments in Argentina and Turkeyare in the developed markets.
US Morning Update
The extent to which the CAD volatility curve has flattened already today is a signal of how ‘hairy’ price action in the currency could be later around the 0830 CPI data.
FX Daily Majors
Today’s highlights: AUDUSD has declined to our .8675 next core target – 38.2% of the entire 2001/2011 bull market – which we look to try and hold at first.
Daily Technical Report
EUR/USD moved sharply higher yesterday,breaking its declining trendline. A break of theresistance at 1.3699 would open the way forfurther strength towards the resistance at 1.3819.
Europe & yen in fashion, EMs are not & the dollar stands in the middle
EUR/USD: A huge bullish candle flew in from left field yesterdaybreaking resistance pockets near 1.3600 and at 1.3650 likenothing. The short-term key ref at 1.3700 is now up to thetest.
UBS Morning Adviser
Expect macro-prudential measures to remain the norm The increase in the Swiss countercyclical-buffer (CCB) today led to strong interest in the CHF due to a hawkish interpretation – i.e.