Tag Archives: USD/CAD
Morning Report
Dollar dropped sharply overnight against yen and Europeans together with stocks and yields. DOW lost -176 pts, or -1.07% to close at 16197.35, at the lowest level in a month.
USDCAD – small pullback can set stage for ~1.12 symmetry target
Momentum in $CAD is at extremes which supports the idea that we are completing a larger degree wave-(3) rally.
Daily FX Update
The USD is mixed leading into the NA open, with growth sensitive currencies like CAD, MXN and AUD all weak, reacting toChina’s disappointing HSBC PMI manufacturing release (49.6) and theirrespectiove domestic positions.
Daily Technical Report
EUR/USD continues to bounce after havingposted a new lower low at 1.3509. Hourlyresistances are given by the declining trendline(around 1.3620) and 1.3650 (16/01/2014 high).
FX Daily Majors
Today’s highlights: USDCAD surges higher again to keep the uptrend firmly in place for our 1.1234 first core objective.
CAD & AUD is getting all the heat while GBP basks in the sun
EUR/USD: It’s not here action is at the moment. The most recentdirectional information was two sets of near-term bearishimpulses intersected by a correctional structure.
UBS Morning Adviser
USD benefiting from ‘reverse’ diversification The Bank of Japan’s QQE program is already 8 months old,
Morning Report
Asian markets are mostly lower following weak manufacturing data from China. The flash reading of HSBC China manufacturing PMI unexpectedly dropped to 49.6 in January versus consensus of 50.4.
Daily FX Update
Outside of individual domestic stories (AUD, GBP &CAD) FX markets are relatively quiet. AUD has rallied on firmer inflation, which has removed expectations for an RBA interest cut;
Daily Technical Report
EUR/USD’s bounce near the support at 1.3524has thus far been weak. Hourly resistances standat 1.3583 (16/01/2014 low) and 1.3650(16/01/2014 high, see also the decliningtrendline).
FX Daily Majors
Today’s highlights: EURGBP as expected has broken below .8230 to keep the bear trend in place for our core target at .8165/55.
The Global Macro Pulse
AUD has been the big mover so far, rallying 0.7% to 0.886 following a much stronger than expected inflation report. This pushed AUDNZD higher to 1.0656.