Tag Archives: USD/CAD
US Morning Update
The USD has rallied in a steady, orderly fashion since yesterday’s US retail sales print for December. The move so far has been rather broad based, with some G10 currencies (like the AUD) falling more than others.
FX Daily Majors
Today’s highlights: USDCAD continues to rally strongly after the completion of a medium-term base, and we stay bullish for 1.1234 next.
Daily Technical Report
EUR/USD remains in a bullish rising trend whileabove the key low at 1.3549 (09/01/2014 low).From a very near-term perspective, providedprice can maintain a foothold over 1.3600,
Reality Check
Somebody once described a consensus as something that ‘everyone agrees tosay collectively that no-one believes individually.’ Given the relatively high levelof market unanimity over FX trades this year (we are no exception),
UBS Morning Adviser
Worse to come before it gets better The Canadian dollar continued its slide overnight, with USDCAD rising to highs not seen since Oct. 2009.
Bearish EUR/SEK “Head & shoulders” top formation in place
EUR/USD: The near-term correction higher may be over withyesterday’s toppish looking candle. Extension below 1.3620today would turn focus back on the low end in “the Cloud”and the recent 1.3548 low again.
Daily FX Update
A $1.1tn US government deal, bank earnings, UK inflation returns to 2% and Japan releases are record current accountdeficit are the developments driving markets into the NA open.
US Morning Update
On the downside, we’re staring some pretty stretched short-term CAD valuations in the face. Yet the CAD still feels fairly well offered so far today. On a weekly basis, last week’s move up in USDCAD was basically 2 sigma.
Daily Technical Report
EUR/USD has thus far failed to break theresistance area between 1.3677 and 1.3687(10/01/2014 high, see also the 38.2%retracement).
UBS Morning Adviser
Expecting higher dollar versus the yen, Nordic and commodity currencies Fed officials are likely to ‘look through’ Friday’s soft payrolls report.
G10 market trends – EUR still resilient
EUR: still resilient Last week’s European Central Bank (ECB) meeting saw President Mario Draghi adopt a particularly accommodating stance,
Daily FX Update
The market’s reaction to a disappointing US nonfarmpayrolls has been a drop in the US 10year yield to 2.85%; the US 2‐year to0.37% and 0.6% weakening in the USD (see DXY middle chart).