Tag Archives: USD/CAD
Daily Technical Report
EUR/USD moved significantly higher last Fridayand is now challenging the resistance at 1.3677(see also the 38.2% retracement). A short-termbullish flag could be underway,
FX Daily Majors
Today’s highlights: USDCAD maintains a medium-term base and we stay bullish for 1.1234 next, with scope to eventually push onto 1.1666/1727.
FX implications of lower oil prices
If DB’s forecast of lower oil prices materializes, this will provide furthersupport for our stronger USD view. The Fed has tightened policy theyear after the last 4 favorable ‘exogenous’ oil shocks.
UBS Morning Adviser
More BoJ easing still likely The heavy price action in USDJPY after Friday’s payrolls report does not change our fundamental view that the USDJPY upswing is likely to extend this year.
More €/JPY & NOK/SEK losses, NZD in demand.
EUR/USD: With the 1.3550/70 support now thoroughly tested themarket will most likely spend some time in roughly a 1.3570– 1.3770 range before making a new attempt to break lower.
Weekly Economic & Financial Commentary
U.S. Review Employment Throws a Curve Ball After Fed Tapering • Employment plummeted well below consensus estimates, rising by only 74,000 jobs in December compared to the survey forecast that expected almost 200,000 jobs.
Forex Weekly Report
The Fed is heading towards a slow tapering process The release of the Fed’s minutes illustrated that the critical decision to start of the tapering stemmed primarily from an increase confidence in the strength of the US recovery.
Daily FX Update
Leading into the US employment release, marketsappear positioned for a strong release, which would support a neartermUSD rally. China’s export growth disappointed, rising just 4.3%y/y,
Daily Technical Report
EUR/USD has broken the support at 1.3621(06/12/2013 low). Coupled with the falsebreakout of the key resistance area between1.3811 (11/12/2013 high) and 1.3832, a doubletopis likely underway.
UBS Morning Adviser
Dollar’s risk status still unclear Our economists have chosen not to take the ADP figure as signal for stronger payrolls,
€/$ congestion before lower. €stoxx50 double top?
EUR/USD: Despite the downturn and a fresh low a few points beneaththe 1.3550/70 support zone sellers were unable to followthrough.
USDCAD – completing massive weekly base; can still see test of 1.0603
$CAD is breaking out of a massive bullish basing pattern but we still need to see 2 weekly closes above the 1.07 level to confirm that the broader projection towards 1.17/19 is underway.